Can I retire at age 54 with 434,000?

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 $434,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$35,839$35,520$35,209$34,905$34,608$34,261
2 years$17,742$17,412$17,092$16,781$16,480$16,130
3 years$11,711$11,379$11,059$10,752$10,456$10,114
4 years$8,695$8,365$8,048$7,746$7,457$7,127
5 years$6,887$6,558$6,246$5,950$5,669$5,350
6 years$5,681$5,355$5,048$4,758$4,485$4,179
7 years$4,821$4,497$4,195$3,912$3,648$3,354
8 years$4,176$3,855$3,557$3,282$3,026$2,745
9 years$3,674$3,356$3,064$2,795$2,549$2,280
10 years$3,273$2,959$2,671$2,409$2,171$1,915
11 years$2,945$2,634$2,352$2,097$1,868$1,623
12 years$2,672$2,364$2,087$1,839$1,618$1,386
13 years$2,441$2,136$1,865$1,624$1,411$1,190
14 years$2,244$1,942$1,675$1,441$1,237$1,027
15 years$2,072$1,774$1,513$1,286$1,089$890
16 years$1,923$1,628$1,371$1,151$963$774
17 years$1,791$1,499$1,248$1,034$854$675
18 years$1,674$1,385$1,139$932$759$590
19 years$1,569$1,284$1,043$842$676$517
20 years$1,475$1,193$957$763$604$454
21 years$1,390$1,111$880$692$541$399
22 years$1,313$1,037$811$629$485$351
23 years$1,242$970$749$573$435$310
24 years$1,178$909$693$523$391$273
25 years$1,119$853$642$477$352$242
26 years$1,064$802$595$437$317$214
27 years$1,014$754$553$400$286$189
28 years$967$711$514$366$258$167
29 years$924$671$478$336$233$148
30 years$883$633$445$308$210$131
31 years$846$599$415$283$190$116
32 years$810$566$387$260$172$103
33 years$777$536$362$239$156$92
34 years$746$508$338$220$141$81
35 years$717$482$316$203$128$72
36 years$689$458$296$187$116$64
37 years$663$435$277$172$105$57
38 years$639$413$259$158$95$51
39 years$615$393$243$146$86$45
40 years$593$374$228$135$78$40
41 years$572$356$213$124$71$36
42 years$553$339$200$115$64$32
43 years$534$323$188$106$58$28
44 years$516$308$176$98$53$25
45 years$499$293$165$90$48$22
46 years$482$280$155$83$44$20
47 years$467$267$146$77$40$18
48 years$452$255$137$71$36$16
49 years$437$244$129$66$33$14
50 years$424$233$121$61$30$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $434,000, adding $3,185 every year, while hoping to spend $33,239 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: 64/11/25 Blend
53$434,000$434,000$434,000$434,000
54$481,553$458,551$451,824$509,023
55$495,306$445,654$431,594$515,062
56$509,347$431,011$409,573$517,673
57$523,671$414,502$385,664$519,784
58$538,271$395,998$359,769$521,349
59$553,137$375,364$331,785$522,320
60$568,259$352,459$301,601$522,643
61$583,622$327,130$269,105$522,262
62$599,211$299,218$234,179$521,118
63$615,005$268,555$196,699$519,144
64$630,982$234,961$156,536$516,272
65$647,117$198,249$113,554$512,426
66$663,378$158,218$67,613$507,526
67$679,731$114,659$18,566$501,484
68$696,135$67,349$0$494,208
69$712,546$16,054$0$494,606
70$728,910$0$0$499,432
71$745,170$0$0$508,433
72$761,258$0$0$519,241
73$777,101$0$0$529,858
74$792,612$0$0$540,224
75$807,697$0$0$550,271
76$822,249$0$0$559,924
77$836,149$0$0$569,097
78$849,262$0$0$577,696
79$861,440$0$0$585,615
80$872,514$0$0$592,735
81$882,299$0$0$598,923
82$890,588$0$0$604,033
83$897,148$0$0$607,901
84$901,722$0$0$610,345
85$904,024$0$0$611,161
86$903,736$0$0$610,126
87$900,506$0$0$606,989
88$893,940$0$0$601,473
89$883,605$0$0$593,269
90$869,017$0$0$582,039
91$849,643$0$0$567,403
92$824,891$0$0$548,942
93$794,104$0$0$526,195
94$756,557$0$0$498,646
95$711,445$0$0$465,730
96$657,881$0$0$426,817
97$594,879$0$0$381,212
98$521,354$0$0$328,148
99$436,101$0$0$266,775
100$337,792$0$0$196,155