Can I retire at age 73 with 417,000?

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 $417,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$34,435$34,129$33,829$33,537$33,252$33,070
2 years$17,047$16,730$16,422$16,124$15,834$15,651
3 years$11,252$10,933$10,626$10,331$10,046$9,867
4 years$8,355$8,037$7,733$7,443$7,165$6,991
5 years$6,617$6,301$6,001$5,717$5,447$5,279
6 years$5,459$5,145$4,850$4,572$4,310$4,148
7 years$4,632$4,321$4,030$3,759$3,505$3,349
8 years$4,012$3,704$3,418$3,153$2,908$2,758
9 years$3,530$3,225$2,944$2,686$2,449$2,305
10 years$3,145$2,843$2,567$2,315$2,086$1,949
11 years$2,830$2,531$2,260$2,015$1,794$1,663
12 years$2,567$2,271$2,005$1,767$1,555$1,430
13 years$2,346$2,053$1,792$1,560$1,356$1,237
14 years$2,156$1,866$1,610$1,385$1,189$1,075
15 years$1,991$1,704$1,453$1,235$1,047$938
16 years$1,847$1,564$1,318$1,106$925$822
17 years$1,721$1,440$1,199$994$820$723
18 years$1,608$1,331$1,095$896$729$637
19 years$1,508$1,233$1,002$809$650$562
20 years$1,417$1,146$920$733$581$498
21 years$1,336$1,068$846$665$520$441
22 years$1,261$997$780$605$466$392
23 years$1,194$932$720$551$418$348
24 years$1,132$873$666$502$376$310
25 years$1,075$819$617$459$338$276
26 years$1,023$770$572$419$305$246
27 years$974$725$531$384$275$220
28 years$929$683$494$352$248$196
29 years$888$644$459$323$224$175
30 years$849$609$428$296$202$157
31 years$813$575$399$272$183$140
32 years$779$544$372$250$165$126
33 years$747$515$348$230$150$112
34 years$717$489$325$211$135$101
35 years$689$463$304$195$123$90
36 years$662$440$284$179$111$81
37 years$637$418$266$165$101$73
38 years$614$397$249$152$91$65
39 years$591$377$233$140$83$58
40 years$570$359$219$129$75$52
41 years$550$342$205$119$68$47
42 years$531$326$192$110$62$42
43 years$513$310$180$102$56$38
44 years$495$296$169$94$51$34
45 years$479$282$159$87$46$30
46 years$463$269$149$80$42$27
47 years$448$257$140$74$38$25
48 years$434$245$132$68$35$22
49 years$420$234$124$63$31$20
50 years$407$224$117$58$29$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $417,000, adding $2,179 every year, while hoping to spend $31,539 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: 40/31/29 Blend
72$417,000$417,000$417,000$417,000
73$461,782$439,681$433,217$476,227
74$475,326$427,668$414,173$474,936
75$489,195$414,009$393,433$470,461
76$503,388$398,591$370,908$465,024
77$517,905$381,293$346,505$458,557
78$532,741$361,986$320,123$450,989
79$547,895$340,538$291,661$442,241
80$563,360$316,803$261,011$432,235
81$579,129$290,633$228,061$420,884
82$595,193$261,867$192,694$408,096
83$611,540$230,337$154,788$393,777
84$628,158$195,864$114,214$377,823
85$645,030$158,261$70,839$360,127
86$662,135$117,328$24,525$340,573
87$679,452$72,856$0$319,039
88$696,953$24,623$0$303,101
89$714,607$0$0$293,517
90$732,379$0$0$292,011
91$750,227$0$0$298,907
92$768,105$0$0$305,786
93$785,960$0$0$312,624
94$803,730$0$0$319,391
95$821,346$0$0$326,057
96$838,733$0$0$332,587
97$855,801$0$0$338,942
98$872,453$0$0$345,076
99$888,579$0$0$350,940
100$904,054$0$0$356,477