Can I retire at age 54 with 432,000?

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 $432,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$35,674$35,356$35,046$34,744$34,448$33,850
2 years$17,660$17,332$17,013$16,704$16,404$15,803
3 years$11,657$11,326$11,008$10,702$10,407$9,822
4 years$8,655$8,326$8,011$7,710$7,423$6,858
5 years$6,855$6,528$6,217$5,922$5,643$5,101
6 years$5,655$5,330$5,024$4,736$4,465$3,946
7 years$4,799$4,476$4,175$3,894$3,631$3,135
8 years$4,156$3,837$3,541$3,266$3,012$2,539
9 years$3,657$3,341$3,050$2,782$2,537$2,087
10 years$3,258$2,945$2,659$2,398$2,161$1,734
11 years$2,932$2,622$2,341$2,087$1,859$1,453
12 years$2,660$2,353$2,077$1,831$1,611$1,226
13 years$2,430$2,126$1,856$1,616$1,405$1,041
14 years$2,233$1,933$1,668$1,435$1,231$887
15 years$2,063$1,766$1,506$1,280$1,084$760
16 years$1,914$1,620$1,365$1,146$958$652
17 years$1,783$1,492$1,242$1,029$850$562
18 years$1,666$1,379$1,134$928$755$485
19 years$1,562$1,278$1,038$838$673$419
20 years$1,468$1,187$953$759$601$363
21 years$1,384$1,106$876$689$538$315
22 years$1,307$1,032$808$627$482$274
23 years$1,237$966$746$571$433$238
24 years$1,173$905$690$520$389$207
25 years$1,114$849$639$475$350$180
26 years$1,059$798$592$435$316$157
27 years$1,009$751$550$398$284$137
28 years$963$708$511$364$257$120
29 years$920$668$476$334$232$104
30 years$879$630$443$307$209$91
31 years$842$596$413$282$189$80
32 years$807$564$386$259$171$70
33 years$774$534$360$238$155$61
34 years$743$506$336$219$140$53
35 years$714$480$315$202$127$47
36 years$686$456$294$186$115$41
37 years$660$433$275$171$104$36
38 years$636$411$258$158$95$31
39 years$613$391$242$145$86$27
40 years$591$372$226$134$78$24
41 years$570$354$212$124$71$21
42 years$550$337$199$114$64$18
43 years$531$321$187$105$58$16
44 years$513$306$175$97$53$14
45 years$496$292$165$90$48$12
46 years$480$279$155$83$44$11
47 years$464$266$145$77$40$9
48 years$450$254$137$71$36$8
49 years$435$242$128$66$33$7
50 years$422$232$121$61$30$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $432,000, adding $5,174 every year, while hoping to spend $32,853 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: 63/31/6 Blend
53$432,000$432,000$432,000$432,000
54$481,401$458,505$451,809$510,901
55$495,549$446,016$431,989$518,715
56$510,038$431,815$410,404$522,907
57$524,870$415,781$386,961$526,629
58$540,043$397,791$361,560$529,833
59$555,555$377,711$334,100$532,468
60$571,403$355,400$304,474$534,480
61$587,581$330,710$272,569$535,809
62$604,084$303,484$238,269$536,394
63$620,901$273,555$201,453$536,166
64$638,023$240,750$161,991$535,053
65$655,436$204,881$119,752$532,977
66$673,123$165,753$74,597$529,854
67$691,066$123,159$26,380$525,596
68$709,241$76,880$0$520,106
69$727,622$26,686$0$514,886
70$746,179$0$0$510,127
71$764,874$0$0$513,468
72$783,669$0$0$525,963
73$802,514$0$0$538,476
74$821,358$0$0$550,970
75$840,139$0$0$563,402
76$858,788$0$0$575,724
77$877,227$0$0$587,879
78$895,368$0$0$599,808
79$913,113$0$0$611,441
80$930,351$0$0$622,699
81$946,955$0$0$633,496
82$962,787$0$0$643,734
83$977,690$0$0$653,302
84$991,489$0$0$662,080
85$1,003,989$0$0$669,931
86$1,014,972$0$0$676,702
87$1,024,195$0$0$682,225
88$1,031,389$0$0$686,311
89$1,036,252$0$0$688,751
90$1,038,451$0$0$689,311
91$1,037,613$0$0$687,733
92$1,033,328$0$0$683,729
93$1,025,136$0$0$676,982
94$1,012,531$0$0$667,136
95$994,949$0$0$653,801
96$971,766$0$0$636,543
97$942,292$0$0$614,879
98$905,761$0$0$588,279
99$861,326$0$0$556,152
100$808,048$0$0$517,845