Can I retire at age 54 with 429,000?

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 $429,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$35,426$35,111$34,803$34,502$34,209$33,880
2 years$17,538$17,211$16,895$16,588$16,290$15,959
3 years$11,576$11,248$10,932$10,628$10,335$10,011
4 years$8,595$8,268$7,956$7,657$7,371$7,058
5 years$6,807$6,482$6,174$5,881$5,603$5,301
6 years$5,616$5,293$4,989$4,703$4,434$4,143
7 years$4,765$4,445$4,146$3,867$3,606$3,327
8 years$4,128$3,811$3,516$3,244$2,991$2,725
9 years$3,632$3,318$3,029$2,763$2,519$2,264
10 years$3,235$2,924$2,640$2,382$2,146$1,903
11 years$2,911$2,603$2,325$2,073$1,846$1,614
12 years$2,641$2,337$2,063$1,818$1,600$1,378
13 years$2,413$2,112$1,843$1,605$1,395$1,185
14 years$2,218$1,919$1,656$1,425$1,223$1,023
15 years$2,049$1,753$1,495$1,271$1,077$887
16 years$1,901$1,609$1,356$1,138$952$772
17 years$1,770$1,482$1,234$1,022$844$674
18 years$1,654$1,369$1,126$921$750$589
19 years$1,551$1,269$1,031$832$669$517
20 years$1,458$1,179$946$754$597$454
21 years$1,374$1,098$870$684$534$400
22 years$1,298$1,025$802$622$479$352
23 years$1,228$959$741$567$430$311
24 years$1,165$898$685$517$387$274
25 years$1,106$843$634$472$348$243
26 years$1,052$792$588$432$313$215
27 years$1,002$746$546$395$282$190
28 years$956$703$508$362$255$168
29 years$913$663$473$332$230$149
30 years$873$626$440$305$208$132
31 years$836$592$410$280$188$118
32 years$801$560$383$257$170$104
33 years$768$530$358$236$154$93
34 years$738$503$334$218$139$82
35 years$709$477$312$200$126$73
36 years$681$452$292$184$114$65
37 years$656$430$273$170$104$58
38 years$631$408$256$157$94$51
39 years$608$388$240$144$85$46
40 years$587$369$225$133$77$41
41 years$566$352$211$123$70$36
42 years$546$335$198$113$64$32
43 years$527$319$186$105$58$29
44 years$510$304$174$97$52$25
45 years$493$290$164$89$48$23
46 years$477$277$154$82$43$20
47 years$461$264$144$76$39$18
48 years$446$252$136$70$36$16
49 years$432$241$128$65$32$14
50 years$419$230$120$60$29$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $429,000, adding $3,657 every year, while hoping to spend $25,727 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: 61/21/18 Blend
53$429,000$429,000$429,000$429,000
54$476,530$453,793$447,144$503,185
55$497,763$448,656$434,750$516,467
56$520,299$442,404$421,078$527,764
57$544,245$434,957$406,059$539,496
58$569,715$426,228$389,620$551,708
59$596,837$416,124$371,683$564,452
60$625,750$404,549$352,170$577,784
61$656,604$391,400$330,996$591,769
62$689,568$376,568$308,074$606,478
63$724,822$359,938$283,312$621,990
64$762,567$341,388$256,616$638,398
65$803,022$320,790$227,886$655,800
66$846,428$298,006$197,018$674,309
67$893,048$272,893$163,903$694,050
68$943,172$245,298$128,427$715,165
69$997,119$215,061$90,473$737,809
70$1,055,237$182,011$49,915$762,156
71$1,117,911$145,969$6,627$788,401
72$1,185,560$106,744$0$816,761
73$1,258,649$64,136$0$855,076
74$1,337,687$17,934$0$897,866
75$1,423,231$0$0$944,185
76$1,515,898$0$0$1,001,808
77$1,616,363$0$0$1,068,800
78$1,725,370$0$0$1,141,518
79$1,843,736$0$0$1,220,509
80$1,972,360$0$0$1,306,377
81$2,112,231$0$0$1,399,788
82$2,264,438$0$0$1,501,471
83$2,430,177$0$0$1,612,232
84$2,610,768$0$0$1,732,955
85$2,807,659$0$0$1,864,614
86$3,022,447$0$0$2,008,282
87$3,256,887$0$0$2,165,139
88$3,512,915$0$0$2,336,483
89$3,792,658$0$0$2,523,745
90$4,098,459$0$0$2,728,500
91$4,432,900$0$0$2,952,480
92$4,798,819$0$0$3,197,596
93$5,199,346$0$0$3,465,948
94$5,637,925$0$0$3,759,851
95$6,118,348$0$0$4,081,854
96$6,644,794$0$0$4,434,763
97$7,221,862$0$0$4,821,672
98$7,854,618$0$0$5,245,984
99$8,548,643$0$0$5,711,449
100$9,310,085$0$0$6,222,199