Can I retire at age 73 with 289,000?

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 $289,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$23,865$23,653$23,445$23,243$23,045$22,852
2 years$11,815$11,594$11,381$11,174$10,974$10,779
3 years$7,798$7,577$7,364$7,160$6,962$6,772
4 years$5,790$5,570$5,359$5,158$4,966$4,781
5 years$4,586$4,367$4,159$3,962$3,775$3,597
6 years$3,783$3,566$3,361$3,168$2,987$2,816
7 years$3,210$2,995$2,793$2,605$2,429$2,265
8 years$2,781$2,567$2,369$2,185$2,015$1,858
9 years$2,447$2,235$2,040$1,861$1,697$1,547
10 years$2,180$1,970$1,779$1,604$1,446$1,302
11 years$1,961$1,754$1,566$1,396$1,244$1,106
12 years$1,779$1,574$1,390$1,225$1,078$947
13 years$1,626$1,423$1,242$1,081$940$815
14 years$1,494$1,293$1,116$960$824$705
15 years$1,380$1,181$1,007$856$725$613
16 years$1,280$1,084$913$766$641$535
17 years$1,193$998$831$689$568$467
18 years$1,115$922$759$621$505$410
19 years$1,045$855$694$561$450$360
20 years$982$794$637$508$402$317
21 years$926$740$586$461$360$280
22 years$874$691$540$419$323$247
23 years$827$646$499$382$290$218
24 years$784$605$461$348$260$193
25 years$745$568$427$318$234$171
26 years$709$534$396$291$211$152
27 years$675$502$368$266$190$135
28 years$644$473$342$244$172$120
29 years$615$447$318$224$155$106
30 years$588$422$297$205$140$95
31 years$563$399$276$188$127$84
32 years$540$377$258$173$115$75
33 years$518$357$241$159$104$67
34 years$497$339$225$147$94$59
35 years$477$321$210$135$85$53
36 years$459$305$197$124$77$47
37 years$442$289$184$114$70$42
38 years$425$275$173$105$63$37
39 years$410$262$162$97$57$33
40 years$395$249$151$90$52$30
41 years$381$237$142$83$47$27
42 years$368$226$133$76$43$24
43 years$355$215$125$71$39$21
44 years$343$205$117$65$35$19
45 years$332$195$110$60$32$17
46 years$321$186$104$56$29$15
47 years$311$178$97$51$26$13
48 years$301$170$91$47$24$12
49 years$291$162$86$44$22$11
50 years$282$155$81$41$20$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $289,000, adding $3,260 every year, while hoping to spend $24,768 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: 42/42/16 Blend
72$289,000$289,000$289,000$289,000
73$321,841$306,524$302,044$333,724
74$328,315$295,190$285,810$331,087
75$334,621$282,472$268,201$325,547
76$340,713$268,273$249,147$319,019
77$346,543$252,496$228,570$311,424
78$352,056$235,035$206,394$302,679
79$357,193$215,778$182,535$292,691
80$361,884$194,609$156,907$281,364
81$366,053$171,402$129,421$268,593
82$369,616$146,026$99,982$254,266
83$372,479$118,344$68,494$238,260
84$374,537$88,207$34,853$220,448
85$375,672$55,462$0$200,688
86$375,756$19,945$0$179,009
87$374,644$0$0$161,433
88$372,176$0$0$150,405
89$368,175$0$0$147,865
90$362,443$0$0$144,502
91$354,764$0$0$140,216
92$344,895$0$0$134,892
93$332,569$0$0$128,408
94$317,489$0$0$120,625
95$299,327$0$0$111,390
96$277,721$0$0$100,534
97$252,268$0$0$87,871
98$222,525$0$0$73,195
99$188,001$0$0$56,277
100$148,153$0$0$36,866