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 $2,892 every year, while hoping to spend $24,836 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: 58/30/12 Blend
53$434,000$434,000$434,000$434,000
54$481,251$458,249$451,522$507,573
55$503,913$454,278$440,223$521,697
56$528,055$449,280$427,713$534,068
57$553,800$443,178$413,925$546,960
58$581,286$435,892$398,789$560,426
59$610,661$427,335$382,233$574,527
60$642,091$417,417$364,180$589,329
61$675,754$406,040$344,550$604,906
62$711,849$393,104$323,260$621,343
63$750,590$378,499$300,222$638,732
64$792,217$362,112$275,346$657,179
65$836,989$343,821$248,536$676,800
66$885,193$323,499$219,693$697,726
67$937,143$301,011$188,713$720,102
68$993,184$276,213$155,487$744,091
69$1,053,695$248,954$119,903$769,873
70$1,119,094$219,074$81,841$797,650
71$1,189,837$186,405$41,179$827,646
72$1,266,430$150,768$0$860,110
73$1,349,424$111,974$0$895,606
74$1,439,430$69,825$0$939,802
75$1,537,115$24,110$0$987,783
76$1,643,216$0$0$1,039,948
77$1,758,543$0$0$1,105,126
78$1,883,987$0$0$1,184,710
79$2,020,527$0$0$1,271,368
80$2,169,242$0$0$1,365,788
81$2,331,319$0$0$1,468,729
82$2,508,063$0$0$1,581,024
83$2,700,912$0$0$1,703,591
84$2,911,447$0$0$1,837,442
85$3,141,412$0$0$1,983,687
86$3,392,722$0$0$2,143,553
87$3,667,488$0$0$2,318,387
88$3,968,035$0$0$2,509,674
89$4,296,921$0$0$2,719,049
90$4,656,965$0$0$2,948,313
91$5,051,268$0$0$3,199,446
92$5,483,248$0$0$3,474,633
93$5,956,667$0$0$3,776,277
94$6,475,670$0$0$4,107,027
95$7,044,822$0$0$4,469,799
96$7,669,148$0$0$4,867,805
97$8,354,188$0$0$5,304,584
98$9,106,039$0$0$5,784,032
99$9,931,420$0$0$6,310,443
100$10,837,732$0$0$6,888,546