Can I retire at age 73 with 423,000?

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 $423,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$34,931$34,620$34,316$34,020$33,731$33,131
2 years$17,293$16,970$16,658$16,356$16,062$15,460
3 years$11,414$11,090$10,779$10,479$10,191$9,605
4 years$8,475$8,153$7,844$7,550$7,268$6,703
5 years$6,712$6,392$6,088$5,799$5,525$4,982
6 years$5,537$5,219$4,920$4,637$4,372$3,852
7 years$4,699$4,383$4,088$3,813$3,555$3,059
8 years$4,070$3,757$3,467$3,198$2,950$2,476
9 years$3,581$3,271$2,986$2,724$2,484$2,034
10 years$3,190$2,884$2,604$2,348$2,116$1,688
11 years$2,871$2,567$2,292$2,044$1,820$1,414
12 years$2,604$2,304$2,034$1,793$1,577$1,193
13 years$2,379$2,082$1,817$1,583$1,375$1,012
14 years$2,187$1,893$1,633$1,405$1,206$862
15 years$2,020$1,729$1,474$1,253$1,062$737
16 years$1,874$1,586$1,337$1,122$938$633
17 years$1,745$1,461$1,216$1,008$832$545
18 years$1,631$1,350$1,110$908$740$470
19 years$1,529$1,251$1,016$821$659$406
20 years$1,438$1,163$933$743$589$351
21 years$1,355$1,083$858$675$527$305
22 years$1,280$1,011$791$613$472$264
23 years$1,211$945$730$559$424$230
24 years$1,148$886$675$510$381$200
25 years$1,091$831$625$465$343$174
26 years$1,037$781$580$425$309$151
27 years$988$735$539$389$279$132
28 years$943$693$501$357$251$115
29 years$900$654$466$327$227$100
30 years$861$617$434$300$205$88
31 years$824$584$405$276$185$76
32 years$790$552$378$253$168$67
33 years$758$523$353$233$152$58
34 years$727$496$329$214$137$51
35 years$699$470$308$197$124$44
36 years$672$446$288$182$113$39
37 years$646$424$270$168$102$34
38 years$622$403$253$154$93$30
39 years$600$383$237$142$84$26
40 years$578$364$222$131$76$23
41 years$558$347$208$121$69$20
42 years$539$330$195$112$63$17
43 years$520$315$183$103$57$15
44 years$503$300$172$95$52$13
45 years$486$286$161$88$47$12
46 years$470$273$152$81$43$10
47 years$455$260$142$75$39$9
48 years$440$249$134$69$35$8
49 years$426$237$126$64$32$7
50 years$413$227$118$59$29$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $423,000, adding $2,296 every year, while hoping to spend $20,319 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: 61/18/21 Blend
72$423,000$423,000$423,000$423,000
73$468,514$446,095$439,539$494,387
74$494,684$446,335$432,644$512,400
75$522,841$445,905$424,837$529,606
76$553,168$444,751$416,067$547,926
77$585,864$442,817$406,278$567,471
78$621,147$440,040$395,413$588,365
79$659,259$436,357$383,414$610,745
80$700,462$431,697$370,217$634,761
81$745,048$425,989$355,758$660,581
82$793,336$419,155$339,969$688,389
83$845,676$411,114$322,778$718,392
84$902,454$401,778$304,111$750,816
85$964,096$391,056$283,889$785,912
86$1,031,066$378,851$262,033$823,957
87$1,103,880$365,060$238,456$865,260
88$1,183,102$349,573$213,070$910,161
89$1,269,353$332,277$185,782$959,034
90$1,363,317$313,049$156,496$1,012,296
91$1,465,747$291,760$125,110$1,070,408
92$1,577,471$268,274$91,520$1,133,876
93$1,699,401$242,447$55,613$1,203,263
94$1,832,540$214,127$17,276$1,279,189
95$1,977,992$183,153$0$1,362,342
96$2,136,975$149,355$0$1,458,775
97$2,310,827$112,554$0$1,568,506
98$2,501,022$72,559$0$1,688,613
99$2,709,183$29,172$0$1,820,152
100$2,937,098$0$0$1,964,282