Can I retire at age 73 with 291,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $291,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$24,031$23,816$23,608$23,404$23,205$22,616
2 years$11,896$11,675$11,460$11,252$11,050$10,461
3 years$7,852$7,630$7,415$7,209$7,010$6,439
4 years$5,830$5,609$5,397$5,194$5,000$4,451
5 years$4,618$4,397$4,188$3,989$3,801$3,276
6 years$3,809$3,591$3,384$3,190$3,008$2,507
7 years$3,232$3,015$2,812$2,623$2,446$1,969
8 years$2,800$2,585$2,385$2,200$2,029$1,577
9 years$2,463$2,250$2,054$1,874$1,709$1,280
10 years$2,195$1,984$1,791$1,616$1,456$1,050
11 years$1,975$1,766$1,577$1,406$1,252$869
12 years$1,792$1,585$1,399$1,233$1,085$724
13 years$1,637$1,432$1,250$1,089$946$606
14 years$1,504$1,302$1,123$967$829$510
15 years$1,390$1,189$1,014$862$730$431
16 years$1,289$1,091$920$772$645$365
17 years$1,201$1,005$837$693$572$309
18 years$1,122$929$764$625$509$263
19 years$1,052$861$699$565$454$224
20 years$989$800$642$511$405$191
21 years$932$745$590$464$363$164
22 years$880$695$544$422$325$140
23 years$833$650$502$384$292$120
24 years$790$609$465$351$262$103
25 years$750$572$430$320$236$88
26 years$714$537$399$293$213$75
27 years$680$506$371$268$192$65
28 years$649$477$344$245$173$56
29 years$619$450$321$225$156$48
30 years$592$425$299$207$141$41
31 years$567$401$278$190$128$35
32 years$543$380$260$174$115$30
33 years$521$360$243$160$104$26
34 years$500$341$227$148$95$22
35 years$481$323$212$136$86$19
36 years$462$307$198$125$78$17
37 years$445$292$185$115$70$14
38 years$428$277$174$106$64$12
39 years$413$263$163$98$58$11
40 years$398$251$153$90$52$9
41 years$384$239$143$83$48$8
42 years$370$227$134$77$43$7
43 years$358$216$126$71$39$6
44 years$346$206$118$66$36$5
45 years$334$197$111$61$32$4
46 years$323$188$104$56$29$4
47 years$313$179$98$52$27$3
48 years$303$171$92$48$24$3
49 years$293$163$86$44$22$2
50 years$284$156$81$41$20$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $291,000, adding $5,310 every year, while hoping to spend $20,026 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: 64/12/24 Blend
72$291,000$291,000$291,000$291,000
73$326,159$310,736$306,226$344,672
74$338,120$304,655$295,177$351,722
75$350,630$297,604$283,087$356,712
76$363,723$289,516$269,899$361,712
77$377,437$280,317$255,555$366,725
78$391,814$269,931$239,995$371,756
79$406,898$258,276$223,153$376,810
80$422,736$245,266$204,963$381,893
81$439,381$230,810$185,355$387,013
82$456,890$214,812$164,257$392,181
83$475,325$197,170$141,592$397,408
84$494,753$177,776$117,280$402,709
85$515,247$156,516$91,238$408,100
86$536,887$133,271$63,380$413,601
87$559,761$107,913$33,615$419,236
88$583,964$80,308$1,848$425,031
89$609,600$50,314$0$431,017
90$636,781$17,781$0$445,438
91$665,632$0$0$461,166
92$696,290$0$0$480,105
93$728,901$0$0$502,759
94$763,628$0$0$526,895
95$800,650$0$0$552,638
96$840,161$0$0$580,125
97$882,374$0$0$609,505
98$927,523$0$0$640,944
99$975,864$0$0$674,622
100$1,027,678$0$0$710,736