Can I retire at age 54 with 430,000?

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 $430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$35,509$35,193$34,884$34,583$34,289$33,007
2 years$17,579$17,251$16,934$16,626$16,328$15,051
3 years$11,603$11,274$10,957$10,653$10,359$9,127
4 years$8,615$8,288$7,974$7,675$7,388$6,211
5 years$6,823$6,498$6,188$5,895$5,616$4,497
6 years$5,629$5,306$5,001$4,714$4,444$3,383
7 years$4,776$4,456$4,156$3,876$3,614$2,611
8 years$4,137$3,819$3,525$3,251$2,998$2,053
9 years$3,640$3,325$3,036$2,769$2,525$1,635
10 years$3,243$2,931$2,647$2,387$2,151$1,316
11 years$2,918$2,610$2,330$2,078$1,850$1,068
12 years$2,648$2,342$2,068$1,822$1,603$871
13 years$2,419$2,117$1,847$1,609$1,398$714
14 years$2,223$1,924$1,660$1,428$1,226$588
15 years$2,053$1,758$1,499$1,274$1,079$486
16 years$1,905$1,613$1,359$1,140$954$402
17 years$1,774$1,485$1,236$1,025$846$334
18 years$1,658$1,372$1,129$923$752$277
19 years$1,555$1,272$1,033$834$670$231
20 years$1,461$1,182$948$756$599$192
21 years$1,377$1,101$872$686$536$161
22 years$1,301$1,028$804$624$480$134
23 years$1,231$961$742$568$431$112
24 years$1,167$900$686$518$387$94
25 years$1,109$845$636$473$349$78
26 years$1,055$794$590$433$314$65
27 years$1,005$747$548$396$283$55
28 years$958$704$509$363$255$46
29 years$915$664$474$333$231$38
30 years$875$627$441$305$208$32
31 years$838$593$411$280$188$27
32 years$803$561$384$258$170$23
33 years$770$532$358$237$154$19
34 years$739$504$335$218$140$16
35 years$710$478$313$201$127$13
36 years$683$454$293$185$115$11
37 years$657$431$274$170$104$9
38 years$633$409$257$157$94$8
39 years$610$389$240$145$85$7
40 years$588$370$225$133$77$5
41 years$567$353$211$123$70$5
42 years$547$336$198$114$64$4
43 years$529$320$186$105$58$3
44 years$511$305$175$97$53$3
45 years$494$291$164$89$48$2
46 years$478$277$154$83$43$2
47 years$462$265$145$76$39$2
48 years$447$253$136$71$36$1
49 years$433$241$128$65$32$1
50 years$420$231$120$60$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $430,000, adding $5,757 every year, while hoping to spend $34,453 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: 76/11/13 Blend
53$430,000$430,000$430,000$430,000
54$479,798$457,008$450,343$514,563
55$492,080$442,744$428,772$524,022
56$504,460$426,626$405,324$529,480
57$516,911$408,527$379,898$534,508
58$529,404$388,313$352,393$539,050
59$541,904$365,841$322,698$543,047
60$554,371$340,960$290,702$546,433
61$566,762$313,512$256,286$549,137
62$579,026$283,328$219,325$551,081
63$591,106$250,231$179,692$552,179
64$602,938$214,031$137,251$552,339
65$614,450$174,532$91,862$551,458
66$625,563$131,522$43,378$549,425
67$636,184$84,781$0$546,118
68$646,214$34,074$0$542,565
69$655,538$0$0$543,956
70$664,031$0$0$546,655
71$671,552$0$0$552,655
72$677,942$0$0$557,699
73$683,029$0$0$561,641
74$686,616$0$0$564,318
75$688,488$0$0$565,547
76$688,403$0$0$565,128
77$686,095$0$0$562,835
78$681,267$0$0$558,420
79$673,590$0$0$551,607
80$662,700$0$0$542,091
81$648,191$0$0$529,532
82$629,616$0$0$513,555
83$606,478$0$0$493,744
84$578,229$0$0$469,637
85$544,260$0$0$440,726
86$503,898$0$0$406,447
87$456,399$0$0$366,175
88$400,940$0$0$319,220
89$336,611$0$0$264,821
90$262,405$0$0$202,134
91$177,212$0$0$130,228
92$79,802$0$0$48,072
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0