Can I retire at age 73 with 407,000?

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 $407,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$33,610$33,310$33,018$32,733$32,455$32,210
2 years$16,638$16,329$16,028$15,737$15,455$15,208
3 years$10,982$10,671$10,371$10,083$9,805$9,564
4 years$8,155$7,844$7,548$7,264$6,993$6,759
5 years$6,458$6,150$5,857$5,580$5,316$5,090
6 years$5,328$5,022$4,734$4,462$4,206$3,989
7 years$4,521$4,217$3,934$3,668$3,421$3,212
8 years$3,916$3,615$3,336$3,077$2,838$2,638
9 years$3,446$3,148$2,873$2,621$2,390$2,198
10 years$3,069$2,774$2,505$2,260$2,036$1,853
11 years$2,762$2,470$2,205$1,966$1,751$1,577
12 years$2,506$2,217$1,957$1,725$1,518$1,351
13 years$2,289$2,003$1,749$1,523$1,323$1,165
14 years$2,104$1,821$1,571$1,352$1,160$1,009
15 years$1,943$1,664$1,419$1,206$1,021$878
16 years$1,803$1,526$1,286$1,079$903$767
17 years$1,679$1,406$1,170$970$800$671
18 years$1,570$1,299$1,068$874$712$590
19 years$1,471$1,204$978$790$634$519
20 years$1,383$1,119$898$715$567$458
21 years$1,304$1,042$826$649$507$404
22 years$1,231$973$761$590$455$357
23 years$1,165$910$703$538$408$317
24 years$1,105$852$650$490$367$281
25 years$1,049$800$602$448$330$249
26 years$998$752$558$409$297$221
27 years$951$707$518$375$268$197
28 years$907$667$482$343$242$175
29 years$866$629$448$315$218$156
30 years$828$594$418$289$197$139
31 years$793$561$389$265$178$124
32 years$760$531$363$244$161$110
33 years$729$503$339$224$146$98
34 years$700$477$317$206$132$88
35 years$672$452$296$190$120$78
36 years$646$429$277$175$108$70
37 years$622$408$259$161$98$62
38 years$599$387$243$149$89$56
39 years$577$368$228$137$81$50
40 years$556$351$213$126$73$44
41 years$537$334$200$117$67$40
42 years$518$318$188$108$60$35
43 years$500$303$176$99$55$32
44 years$484$289$165$92$50$28
45 years$467$275$155$85$45$25
46 years$452$263$146$78$41$23
47 years$438$251$137$72$37$20
48 years$424$239$129$67$34$18
49 years$410$228$121$62$31$16
50 years$397$218$114$57$28$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $407,000, adding $5,980 every year, while hoping to spend $33,335 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: 50/25/25 Blend
72$407,000$407,000$407,000$407,000
73$454,682$433,111$426,803$473,947
74$465,592$418,866$405,633$473,734
75$476,497$402,805$382,636$469,669
76$487,362$384,804$357,716$464,579
77$498,146$364,733$330,773$458,381
78$508,804$342,452$301,701$450,987
79$519,284$317,815$270,391$442,301
80$529,529$290,665$236,726$432,222
81$539,473$260,840$200,589$420,638
82$549,043$228,165$161,852$407,433
83$558,157$192,457$120,386$392,480
84$566,724$153,522$76,054$375,641
85$574,642$111,156$28,714$356,770
86$581,795$65,143$0$335,710
87$588,057$15,254$0$318,107
88$593,286$0$0$306,513
89$597,324$0$0$303,767
90$599,994$0$0$304,439
91$601,101$0$0$304,226
92$600,429$0$0$303,005
93$597,735$0$0$300,644
94$592,753$0$0$296,995
95$585,185$0$0$291,892
96$574,702$0$0$285,154
97$560,939$0$0$276,578
98$543,493$0$0$265,941
99$521,915$0$0$252,996
100$495,711$0$0$237,468