Can I retire at age 54 with 397,000?

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 $397,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$32,784$32,492$32,207$31,929$31,657$30,955
2 years$16,230$15,927$15,634$15,350$15,075$14,371
3 years$10,712$10,409$10,117$9,835$9,564$8,881
4 years$7,954$7,652$7,362$7,086$6,821$6,163
5 years$6,300$5,999$5,713$5,442$5,185$4,555
6 years$5,197$4,899$4,617$4,352$4,103$3,501
7 years$4,410$4,114$3,837$3,578$3,337$2,763
8 years$3,820$3,526$3,254$3,002$2,768$2,222
9 years$3,361$3,070$2,803$2,557$2,331$1,813
10 years$2,994$2,706$2,443$2,204$1,986$1,495
11 years$2,694$2,409$2,151$1,918$1,708$1,244
12 years$2,444$2,162$1,909$1,682$1,480$1,041
13 years$2,233$1,954$1,706$1,485$1,291$877
14 years$2,052$1,776$1,533$1,319$1,132$742
15 years$1,896$1,623$1,384$1,176$996$630
16 years$1,759$1,489$1,255$1,053$881$536
17 years$1,638$1,371$1,142$946$781$458
18 years$1,531$1,267$1,042$853$694$392
19 years$1,435$1,174$954$770$619$336
20 years$1,349$1,091$876$698$553$288
21 years$1,272$1,016$805$633$495$248
22 years$1,201$949$742$576$443$213
23 years$1,137$887$685$524$398$184
24 years$1,078$831$634$478$358$158
25 years$1,024$780$587$437$322$137
26 years$974$733$544$399$290$118
27 years$928$690$506$366$261$102
28 years$885$650$470$335$236$88
29 years$845$613$437$307$213$76
30 years$808$579$407$282$192$66
31 years$774$548$380$259$174$57
32 years$741$518$354$238$157$49
33 years$711$491$331$219$142$43
34 years$683$465$309$201$129$37
35 years$656$441$289$185$117$32
36 years$631$419$270$171$106$28
37 years$607$398$253$157$96$24
38 years$584$378$237$145$87$21
39 years$563$359$222$134$79$18
40 years$543$342$208$123$72$16
41 years$524$325$195$114$65$13
42 years$505$310$183$105$59$12
43 years$488$295$172$97$53$10
44 years$472$282$161$89$49$9
45 years$456$268$151$83$44$8
46 years$441$256$142$76$40$7
47 years$427$244$134$70$36$6
48 years$413$233$126$65$33$5
49 years$400$223$118$60$30$4
50 years$388$213$111$56$27$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $397,000, adding $5,469 every year, while hoping to spend $24,441 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: 52/35/13 Blend
53$397,000$397,000$397,000$397,000
54$443,135$422,094$415,941$464,369
55$462,330$416,772$403,870$474,152
56$482,664$410,369$390,575$481,728
57$504,226$402,808$375,990$489,412
58$527,116$394,005$360,045$497,219
59$551,442$383,872$342,667$505,171
60$577,322$372,314$323,779$513,289
61$604,886$359,234$303,302$521,602
62$634,274$344,526$281,152$530,140
63$665,641$328,080$257,243$538,940
64$699,159$309,778$231,482$548,044
65$735,012$289,496$203,776$557,502
66$773,405$267,103$174,025$567,367
67$814,563$242,461$142,125$577,704
68$858,729$215,423$107,967$588,586
69$906,175$185,834$71,439$600,095
70$957,196$153,531$32,424$612,324
71$1,012,117$118,341$0$625,380
72$1,071,293$80,081$0$640,660
73$1,135,119$38,558$0$661,907
74$1,204,022$0$0$684,788
75$1,278,477$0$0$711,973
76$1,359,004$0$0$757,468
77$1,446,173$0$0$806,748
78$1,540,612$0$0$860,174
79$1,643,013$0$0$918,140
80$1,754,134$0$0$981,080
81$1,874,811$0$0$1,049,473
82$2,005,962$0$0$1,123,845
83$2,148,598$0$0$1,204,773
84$2,303,831$0$0$1,292,894
85$2,472,884$0$0$1,388,909
86$2,657,103$0$0$1,493,587
87$2,857,971$0$0$1,607,777
88$3,077,116$0$0$1,732,413
89$3,316,336$0$0$1,868,522
90$3,577,604$0$0$2,017,235
91$3,863,095$0$0$2,179,798
92$4,175,206$0$0$2,357,581
93$4,516,571$0$0$2,552,095
94$4,890,093$0$0$2,765,001
95$5,298,968$0$0$2,998,131
96$5,746,717$0$0$3,253,500
97$6,237,214$0$0$3,533,327
98$6,774,729$0$0$3,840,058
99$7,363,962$0$0$4,176,384
100$8,010,090$0$0$4,545,273