Can I retire at age 73 with 330,000?

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 $330,000?

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$27,251$27,008$26,772$26,540$26,315$26,094
2 years$13,491$13,239$12,996$12,760$12,531$12,309
3 years$8,904$8,652$8,409$8,175$7,950$7,733
4 years$6,612$6,360$6,120$5,890$5,670$5,460
5 years$5,237$4,986$4,749$4,524$4,310$4,107
6 years$4,320$4,072$3,838$3,618$3,411$3,215
7 years$3,666$3,420$3,189$2,974$2,774$2,586
8 years$3,175$2,931$2,705$2,495$2,301$2,122
9 years$2,794$2,552$2,330$2,125$1,938$1,766
10 years$2,489$2,250$2,031$1,832$1,651$1,487
11 years$2,239$2,003$1,788$1,594$1,420$1,263
12 years$2,032$1,797$1,587$1,399$1,231$1,081
13 years$1,856$1,624$1,418$1,235$1,073$931
14 years$1,706$1,477$1,274$1,096$941$806
15 years$1,576$1,349$1,150$977$828$700
16 years$1,462$1,238$1,043$875$732$610
17 years$1,362$1,140$949$786$649$534
18 years$1,273$1,053$866$709$577$468
19 years$1,193$976$793$640$514$411
20 years$1,122$907$728$580$459$362
21 years$1,057$845$669$526$411$319
22 years$998$789$617$479$369$282
23 years$945$738$570$436$331$249
24 years$896$691$527$398$297$221
25 years$851$649$488$363$268$196
26 years$809$610$453$332$241$174
27 years$771$574$420$304$217$154
28 years$735$541$391$278$196$137
29 years$702$510$364$255$177$122
30 years$672$482$339$234$160$108
31 years$643$455$316$215$145$96
32 years$616$431$295$198$131$86
33 years$591$408$275$182$118$76
34 years$567$387$257$167$107$68
35 years$545$367$240$154$97$60
36 years$524$348$225$142$88$54
37 years$504$331$210$131$80$48
38 years$486$314$197$120$72$43
39 years$468$299$185$111$66$38
40 years$451$284$173$102$59$34
41 years$435$271$162$95$54$30
42 years$420$258$152$87$49$27
43 years$406$246$143$81$44$24
44 years$392$234$134$74$40$22
45 years$379$223$126$69$37$19
46 years$367$213$118$63$33$17
47 years$355$203$111$59$30$15
48 years$343$194$104$54$27$14
49 years$333$185$98$50$25$12
50 years$322$177$92$46$23$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $330,000, adding $6,501 every year, while hoping to spend $21,274 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: 39/34/27 Blend
72$330,000$330,000$330,000$330,000
73$370,366$352,876$347,761$381,634
74$385,508$347,531$336,775$385,092
75$401,481$341,212$324,709$386,383
76$418,348$333,848$311,503$387,368
77$436,177$325,364$297,096$388,034
78$455,042$315,681$281,423$388,367
79$475,025$304,717$264,419$388,352
80$496,212$292,384$246,012$387,978
81$518,702$278,587$226,130$387,231
82$542,600$263,228$204,696$386,101
83$568,022$246,203$181,629$384,578
84$595,094$227,401$156,848$382,653
85$623,956$206,705$130,264$380,322
86$654,758$183,993$101,787$377,578
87$687,668$159,133$71,321$374,422
88$722,867$131,987$38,768$370,855
89$760,556$102,411$4,023$366,881
90$800,954$70,251$0$362,510
91$844,301$35,343$0$367,279
92$890,862$0$0$373,541
93$940,926$0$0$381,124
94$994,811$0$0$403,550
95$1,052,867$0$0$427,745
96$1,115,476$0$0$453,873
97$1,183,061$0$0$482,116
98$1,256,085$0$0$512,670
99$1,335,056$0$0$545,755
100$1,420,535$0$0$581,609