Can I retire at age 73 with 401,000?

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 $401,000?

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$33,114$32,819$32,531$32,251$31,976$31,708
2 years$16,393$16,088$15,792$15,505$15,227$14,957
3 years$10,820$10,514$10,218$9,934$9,661$9,397
4 years$8,034$7,729$7,436$7,157$6,890$6,634
5 years$6,363$6,059$5,771$5,497$5,238$4,991
6 years$5,249$4,948$4,664$4,396$4,144$3,907
7 years$4,454$4,155$3,876$3,614$3,370$3,143
8 years$3,858$3,562$3,287$3,032$2,796$2,578
9 years$3,395$3,101$2,831$2,583$2,355$2,146
10 years$3,024$2,734$2,468$2,226$2,006$1,807
11 years$2,721$2,434$2,173$1,937$1,726$1,535
12 years$2,469$2,184$1,928$1,699$1,495$1,314
13 years$2,256$1,974$1,723$1,500$1,304$1,131
14 years$2,073$1,794$1,548$1,332$1,143$979
15 years$1,915$1,639$1,398$1,188$1,006$851
16 years$1,777$1,504$1,267$1,064$889$742
17 years$1,655$1,385$1,153$956$789$649
18 years$1,547$1,280$1,053$861$701$569
19 years$1,450$1,186$964$778$625$500
20 years$1,363$1,102$884$705$558$440
21 years$1,284$1,027$813$640$500$388
22 years$1,213$958$750$582$448$343
23 years$1,148$896$692$530$402$303
24 years$1,089$840$640$483$361$268
25 years$1,034$788$593$441$325$238
26 years$983$741$550$403$293$211
27 years$937$697$511$369$264$187
28 years$894$657$475$338$238$166
29 years$854$620$442$310$215$148
30 years$816$585$411$285$194$131
31 years$781$553$384$261$176$117
32 years$749$523$358$240$159$104
33 years$718$496$334$221$144$93
34 years$689$470$312$203$130$82
35 years$662$446$292$187$118$73
36 years$637$423$273$172$107$65
37 years$613$402$256$159$97$58
38 years$590$382$239$146$88$52
39 years$569$363$224$135$80$46
40 years$548$345$210$124$72$41
41 years$529$329$197$115$66$37
42 years$511$313$185$106$59$33
43 years$493$298$173$98$54$29
44 years$476$284$163$90$49$26
45 years$461$271$153$83$44$23
46 years$445$259$144$77$40$21
47 years$431$247$135$71$37$19
48 years$417$236$127$66$33$17
49 years$404$225$119$61$30$15
50 years$392$215$112$56$27$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $401,000, adding $2,922 every year, while hoping to spend $20,944 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: 66/18/16 Blend
72$401,000$401,000$401,000$401,000
73$444,916$423,663$417,448$472,376
74$468,013$422,138$409,148$489,576
75$492,764$419,837$399,868$505,667
76$519,316$416,699$389,553$522,739
77$547,829$412,660$378,146$540,889
78$578,480$407,652$365,587$560,223
79$611,463$401,605$351,812$580,857
80$646,990$394,442$336,755$602,921
81$685,296$386,082$320,349$626,559
82$726,636$376,441$302,521$651,929
83$771,294$365,427$283,196$679,208
84$819,579$352,946$262,296$708,589
85$871,832$338,896$239,739$740,289
86$928,427$323,170$215,438$774,544
87$989,776$305,655$189,305$811,619
88$1,056,332$286,231$161,247$851,805
89$1,128,594$264,772$131,164$895,425
90$1,207,109$241,144$98,956$942,833
91$1,292,479$215,205$64,516$994,426
92$1,385,367$186,806$27,733$1,050,638
93$1,486,503$155,788$0$1,111,950
94$1,596,690$121,985$0$1,180,863
95$1,716,811$85,221$0$1,261,178
96$1,847,838$45,309$0$1,348,827
97$1,990,840$2,052$0$1,444,552
98$2,146,997$0$0$1,549,169
99$2,317,603$0$0$1,672,445
100$2,504,088$0$0$1,807,663