Can I retire at age 54 with 434,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.5%
1 years$35,839$35,520$35,209$34,905$34,608$34,105
2 years$17,742$17,412$17,092$16,781$16,480$15,974
3 years$11,711$11,379$11,059$10,752$10,456$9,963
4 years$8,695$8,365$8,048$7,746$7,457$6,981
5 years$6,887$6,558$6,246$5,950$5,669$5,211
6 years$5,681$5,355$5,048$4,758$4,485$4,046
7 years$4,821$4,497$4,195$3,912$3,648$3,228
8 years$4,176$3,855$3,557$3,282$3,026$2,625
9 years$3,674$3,356$3,064$2,795$2,549$2,166
10 years$3,273$2,959$2,671$2,409$2,171$1,807
11 years$2,945$2,634$2,352$2,097$1,868$1,521
12 years$2,672$2,364$2,087$1,839$1,618$1,290
13 years$2,441$2,136$1,865$1,624$1,411$1,100
14 years$2,244$1,942$1,675$1,441$1,237$942
15 years$2,072$1,774$1,513$1,286$1,089$810
16 years$1,923$1,628$1,371$1,151$963$699
17 years$1,791$1,499$1,248$1,034$854$605
18 years$1,674$1,385$1,139$932$759$525
19 years$1,569$1,284$1,043$842$676$456
20 years$1,475$1,193$957$763$604$397
21 years$1,390$1,111$880$692$541$347
22 years$1,313$1,037$811$629$485$303
23 years$1,242$970$749$573$435$265
24 years$1,178$909$693$523$391$232
25 years$1,119$853$642$477$352$203
26 years$1,064$802$595$437$317$178
27 years$1,014$754$553$400$286$156
28 years$967$711$514$366$258$137
29 years$924$671$478$336$233$120
30 years$883$633$445$308$210$105
31 years$846$599$415$283$190$93
32 years$810$566$387$260$172$81
33 years$777$536$362$239$156$72
34 years$746$508$338$220$141$63
35 years$717$482$316$203$128$55
36 years$689$458$296$187$116$49
37 years$663$435$277$172$105$43
38 years$639$413$259$158$95$38
39 years$615$393$243$146$86$33
40 years$593$374$228$135$78$29
41 years$572$356$213$124$71$26
42 years$553$339$200$115$64$23
43 years$534$323$188$106$58$20
44 years$516$308$176$98$53$18
45 years$499$293$165$90$48$15
46 years$482$280$155$83$44$14
47 years$467$267$146$77$40$12
48 years$452$255$137$71$36$11
49 years$437$244$129$66$33$9
50 years$424$233$121$61$30$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $434,000, adding $4,964 every year, while hoping to spend $25,590 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: 60/22/18 Blend
53$434,000$434,000$434,000$434,000
54$483,388$460,386$453,659$509,859
55$505,466$455,718$441,629$523,665
56$528,939$449,963$428,339$535,451
57$553,921$443,041$413,718$547,721
58$580,538$434,867$397,695$560,525
59$608,929$425,352$380,194$573,919
60$639,245$414,400$361,136$587,967
61$671,652$401,909$340,438$602,739
62$706,331$387,773$318,013$618,316
63$743,482$371,879$293,772$634,785
64$783,323$354,107$267,619$652,247
65$826,094$334,330$239,456$670,813
66$872,058$312,415$209,181$690,605
67$921,504$288,220$176,684$711,764
68$974,749$261,594$141,855$734,443
69$1,032,142$232,381$104,575$758,814
70$1,094,065$200,411$64,723$785,069
71$1,160,938$165,510$22,169$813,421
72$1,233,223$127,490$0$844,109
73$1,311,429$86,153$0$881,859
74$1,396,112$41,293$0$927,337
75$1,487,887$0$0$976,635
76$1,587,429$0$0$1,031,915
77$1,695,478$0$0$1,102,800
78$1,812,852$0$0$1,179,832
79$1,940,448$0$0$1,263,606
80$2,079,253$0$0$1,354,772
81$2,230,353$0$0$1,454,049
82$2,394,945$0$0$1,562,226
83$2,574,344$0$0$1,680,173
84$2,769,998$0$0$1,808,847
85$2,983,500$0$0$1,949,300
86$3,216,605$0$0$2,102,693
87$3,471,243$0$0$2,270,299
88$3,749,541$0$0$2,453,526
89$4,053,838$0$0$2,653,918
90$4,386,711$0$0$2,873,180
91$4,750,999$0$0$3,113,186
92$5,149,823$0$0$3,376,002
93$5,586,627$0$0$3,663,901
94$6,065,197$0$0$3,979,387
95$6,589,706$0$0$4,325,219
96$7,164,749$0$0$4,704,433
97$7,795,389$0$0$5,120,375
98$8,487,198$0$0$5,576,730
99$9,246,317$0$0$6,077,558
100$10,079,510$0$0$6,627,327