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%19.5%
1 years$35,839$35,520$35,209$34,905$34,608$33,287
2 years$17,742$17,412$17,092$16,781$16,480$15,165
3 years$11,711$11,379$11,059$10,752$10,456$9,188
4 years$8,695$8,365$8,048$7,746$7,457$6,246
5 years$6,887$6,558$6,246$5,950$5,669$4,517
6 years$5,681$5,355$5,048$4,758$4,485$3,395
7 years$4,821$4,497$4,195$3,912$3,648$2,617
8 years$4,176$3,855$3,557$3,282$3,026$2,055
9 years$3,674$3,356$3,064$2,795$2,549$1,635
10 years$3,273$2,959$2,671$2,409$2,171$1,314
11 years$2,945$2,634$2,352$2,097$1,868$1,065
12 years$2,672$2,364$2,087$1,839$1,618$868
13 years$2,441$2,136$1,865$1,624$1,411$711
14 years$2,244$1,942$1,675$1,441$1,237$584
15 years$2,072$1,774$1,513$1,286$1,089$482
16 years$1,923$1,628$1,371$1,151$963$398
17 years$1,791$1,499$1,248$1,034$854$330
18 years$1,674$1,385$1,139$932$759$274
19 years$1,569$1,284$1,043$842$676$228
20 years$1,475$1,193$957$763$604$189
21 years$1,390$1,111$880$692$541$158
22 years$1,313$1,037$811$629$485$132
23 years$1,242$970$749$573$435$110
24 years$1,178$909$693$523$391$92
25 years$1,119$853$642$477$352$76
26 years$1,064$802$595$437$317$64
27 years$1,014$754$553$400$286$53
28 years$967$711$514$366$258$45
29 years$924$671$478$336$233$37
30 years$883$633$445$308$210$31
31 years$846$599$415$283$190$26
32 years$810$566$387$260$172$22
33 years$777$536$362$239$156$18
34 years$746$508$338$220$141$15
35 years$717$482$316$203$128$13
36 years$689$458$296$187$116$11
37 years$663$435$277$172$105$9
38 years$639$413$259$158$95$7
39 years$615$393$243$146$86$6
40 years$593$374$228$135$78$5
41 years$572$356$213$124$71$4
42 years$553$339$200$115$64$4
43 years$534$323$188$106$58$3
44 years$516$308$176$98$53$3
45 years$499$293$165$90$48$2
46 years$482$280$155$83$44$2
47 years$467$267$146$77$40$2
48 years$452$255$137$71$36$1
49 years$437$244$129$66$33$1
50 years$424$233$121$61$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $434,000, adding $3,456 every year, while hoping to spend $29,276 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: 42/36/22 Blend
53$434,000$434,000$434,000$434,000
54$481,833$458,831$452,104$498,837
55$499,830$450,164$436,100$502,611
56$518,682$440,092$418,579$503,615
57$538,445$428,513$399,458$504,111
58$559,180$415,324$378,653$504,068
59$580,953$400,411$356,075$503,453
60$603,835$383,657$331,629$502,234
61$627,906$364,935$305,218$500,378
62$653,251$344,115$276,741$497,851
63$679,961$321,056$246,090$494,619
64$708,138$295,609$213,155$490,647
65$737,892$267,618$177,820$485,902
66$769,344$236,917$139,963$480,349
67$802,623$203,332$99,458$473,952
68$837,873$166,677$56,172$466,680
69$875,249$126,759$9,968$458,499
70$914,924$83,369$0$449,377
71$957,083$36,291$0$448,520
72$1,001,931$0$0$449,761
73$1,049,690$0$0$456,597
74$1,100,607$0$0$479,242
75$1,154,948$0$0$503,443
76$1,213,007$0$0$529,335
77$1,275,107$0$0$557,067
78$1,341,599$0$0$586,799
79$1,412,871$0$0$618,711
80$1,489,347$0$0$652,998
81$1,571,494$0$0$689,874
82$1,659,821$0$0$729,575
83$1,754,891$0$0$772,360
84$1,857,320$0$0$818,512
85$1,967,785$0$0$868,344
86$2,087,030$0$0$922,199
87$2,215,871$0$0$980,453
88$2,355,206$0$0$1,043,521
89$2,506,024$0$0$1,111,859
90$2,669,408$0$0$1,185,966
91$2,846,552$0$0$1,266,395
92$3,038,768$0$0$1,353,751
93$3,247,499$0$0$1,448,699
94$3,474,332$0$0$1,551,974
95$3,721,013$0$0$1,664,381
96$3,989,462$0$0$1,786,808
97$4,281,795$0$0$1,920,231
98$4,600,335$0$0$2,065,725
99$4,947,643$0$0$2,224,473
100$5,326,536$0$0$2,397,777