Can I retire at age 73 with 414,000?

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 $414,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$34,188$33,883$33,586$33,296$33,013$32,846
2 years$16,925$16,609$16,304$16,008$15,720$15,552
3 years$11,171$10,854$10,550$10,256$9,974$9,809
4 years$8,295$7,979$7,677$7,389$7,113$6,954
5 years$6,569$6,256$5,958$5,676$5,407$5,253
6 years$5,420$5,108$4,815$4,539$4,279$4,130
7 years$4,599$4,290$4,001$3,732$3,480$3,337
8 years$3,983$3,677$3,393$3,130$2,887$2,750
9 years$3,505$3,202$2,923$2,666$2,431$2,299
10 years$3,122$2,822$2,548$2,298$2,071$1,945
11 years$2,809$2,512$2,243$2,000$1,781$1,661
12 years$2,549$2,255$1,991$1,755$1,544$1,429
13 years$2,329$2,038$1,779$1,549$1,346$1,236
14 years$2,140$1,852$1,598$1,375$1,180$1,076
15 years$1,977$1,692$1,443$1,226$1,039$940
16 years$1,834$1,553$1,308$1,098$918$824
17 years$1,708$1,430$1,190$987$814$724
18 years$1,597$1,321$1,087$889$724$639
19 years$1,497$1,224$995$803$645$565
20 years$1,407$1,138$913$728$576$500
21 years$1,326$1,060$840$660$516$444
22 years$1,252$989$774$600$462$394
23 years$1,185$925$715$547$415$351
24 years$1,124$867$661$499$373$312
25 years$1,067$814$612$455$336$278
26 years$1,015$765$568$416$302$249
27 years$967$720$527$381$273$222
28 years$923$678$490$349$246$198
29 years$881$640$456$320$222$177
30 years$843$604$425$294$201$159
31 years$807$571$396$270$181$142
32 years$773$540$370$248$164$127
33 years$741$512$345$228$149$114
34 years$712$485$322$210$134$102
35 years$684$460$301$193$122$92
36 years$658$437$282$178$110$82
37 years$633$415$264$164$100$74
38 years$609$394$247$151$91$66
39 years$587$375$232$139$82$60
40 years$566$357$217$129$75$53
41 years$546$339$203$119$68$48
42 years$527$323$191$109$61$43
43 years$509$308$179$101$56$39
44 years$492$294$168$93$51$35
45 years$476$280$158$86$46$31
46 years$460$267$148$80$42$28
47 years$445$255$139$74$38$25
48 years$431$243$131$68$34$23
49 years$417$232$123$63$31$20
50 years$404$222$116$58$28$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $414,000, adding $4,482 every year, while hoping to spend $32,989 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: 55/33/12 Blend
72$414,000$414,000$414,000$414,000
73$460,851$438,909$432,492$484,544
74$472,758$425,316$411,881$487,529
75$484,774$409,950$389,473$486,798
76$496,874$392,692$365,174$485,232
77$509,033$373,411$338,885$482,756
78$521,218$351,972$310,501$479,292
79$533,395$328,231$279,916$474,756
80$545,522$302,036$247,014$469,057
81$557,555$273,225$211,678$462,096
82$569,441$241,629$173,785$453,767
83$581,123$207,067$133,206$443,959
84$592,534$169,350$89,805$432,548
85$603,602$128,278$43,443$419,403
86$614,244$83,637$0$404,383
87$624,366$35,206$0$388,108
88$633,867$0$0$375,628
89$642,630$0$0$367,482
90$650,526$0$0$371,575
91$657,412$0$0$375,033
92$663,126$0$0$377,758
93$667,491$0$0$379,643
94$670,309$0$0$380,566
95$671,358$0$0$380,391
96$670,393$0$0$378,971
97$667,142$0$0$376,139
98$661,303$0$0$371,712
99$652,541$0$0$365,484
100$640,485$0$0$357,231