Can I retire at age 54 with 395,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $395,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$32,619$32,328$32,045$31,768$31,498$30,912
2 years$16,148$15,847$15,556$15,273$14,999$14,411
3 years$10,658$10,356$10,066$9,786$9,516$8,945
4 years$7,914$7,613$7,325$7,050$6,787$6,236
5 years$6,268$5,969$5,685$5,415$5,159$4,630
6 years$5,171$4,874$4,594$4,330$4,082$3,576
7 years$4,388$4,093$3,818$3,560$3,320$2,837
8 years$3,800$3,509$3,238$2,987$2,754$2,294
9 years$3,344$3,055$2,789$2,544$2,320$1,881
10 years$2,979$2,693$2,431$2,193$1,976$1,560
11 years$2,681$2,397$2,140$1,909$1,700$1,305
12 years$2,432$2,152$1,900$1,674$1,473$1,099
13 years$2,222$1,944$1,697$1,478$1,284$931
14 years$2,042$1,767$1,525$1,312$1,126$792
15 years$1,886$1,615$1,377$1,170$991$677
16 years$1,750$1,481$1,248$1,048$876$580
17 years$1,630$1,364$1,136$941$777$498
18 years$1,523$1,261$1,037$848$691$429
19 years$1,428$1,168$949$766$616$370
20 years$1,342$1,086$871$694$550$320
21 years$1,265$1,011$801$630$492$277
22 years$1,195$944$738$573$441$240
23 years$1,131$883$682$522$396$208
24 years$1,072$827$631$476$356$181
25 years$1,018$776$584$435$320$157
26 years$969$730$542$397$288$137
27 years$923$687$503$364$260$119
28 years$880$647$468$333$235$103
29 years$841$610$435$306$212$90
30 years$804$576$405$280$191$79
31 years$770$545$378$258$173$68
32 years$738$516$353$237$157$60
33 years$707$488$329$218$142$52
34 years$679$463$308$200$128$45
35 years$652$439$288$184$116$40
36 years$627$417$269$170$105$35
37 years$604$396$252$156$95$30
38 years$581$376$236$144$87$26
39 years$560$358$221$133$78$23
40 years$540$340$207$123$71$20
41 years$521$324$194$113$65$17
42 years$503$308$182$104$59$15
43 years$486$294$171$96$53$13
44 years$469$280$160$89$48$12
45 years$454$267$151$82$44$10
46 years$439$255$141$76$40$9
47 years$425$243$133$70$36$8
48 years$411$232$125$65$33$7
49 years$398$222$117$60$30$6
50 years$386$212$110$55$27$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $395,000, adding $6,906 every year, while hoping to spend $24,776 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 28/48/24 Blend
53$395,000$395,000$395,000$395,000
54$442,414$421,479$415,356$451,331
55$461,178$415,770$402,909$453,172
56$481,027$408,950$389,215$452,516
57$502,043$400,941$374,205$451,296
58$524,319$391,655$357,809$449,480
59$547,957$381,002$339,952$447,036
60$573,065$368,888$320,557$443,929
61$599,764$355,211$299,543$440,127
62$628,187$339,863$276,824$435,594
63$658,477$322,731$252,313$430,296
64$690,793$303,696$225,916$424,199
65$725,307$282,630$197,537$417,269
66$762,209$259,400$167,076$409,471
67$801,707$233,863$134,425$400,772
68$844,029$205,870$99,477$391,139
69$889,425$175,263$62,114$380,543
70$938,170$141,874$22,218$368,953
71$990,564$105,527$0$356,342
72$1,046,939$66,035$0$347,900
73$1,107,657$23,201$0$344,803
74$1,173,117$0$0$341,373
75$1,243,757$0$0$349,881
76$1,320,058$0$0$372,357
77$1,402,549$0$0$396,709
78$1,491,812$0$0$423,116
79$1,588,484$0$0$451,773
80$1,693,270$0$0$482,897
81$1,806,940$0$0$516,725
82$1,930,345$0$0$553,516
83$2,064,418$0$0$593,560
84$2,210,189$0$0$637,170
85$2,368,786$0$0$684,696
86$2,541,456$0$0$736,519
87$2,729,565$0$0$793,060
88$2,934,622$0$0$854,783
89$3,158,283$0$0$922,199
90$3,402,374$0$0$995,867
91$3,668,904$0$0$1,076,408
92$3,960,084$0$0$1,164,501
93$4,278,348$0$0$1,260,895
94$4,626,377$0$0$1,366,417
95$5,007,121$0$0$1,481,975
96$5,423,830$0$0$1,608,570
97$5,880,082$0$0$1,747,303
98$6,379,816$0$0$1,899,389
99$6,927,373$0$0$2,066,164
100$7,527,530$0$0$2,249,101