Can I retire at age 73 with 424,000?

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 $424,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$35,014$34,702$34,397$34,100$33,810$33,223
2 years$17,333$17,011$16,698$16,394$16,100$15,510
3 years$11,441$11,117$10,805$10,504$10,215$9,641
4 years$8,495$8,172$7,863$7,568$7,285$6,731
5 years$6,728$6,407$6,102$5,813$5,538$5,006
6 years$5,551$5,232$4,931$4,648$4,382$3,873
7 years$4,710$4,394$4,098$3,822$3,564$3,077
8 years$4,079$3,766$3,475$3,206$2,957$2,492
9 years$3,589$3,279$2,993$2,731$2,490$2,048
10 years$3,198$2,890$2,610$2,354$2,121$1,701
11 years$2,877$2,573$2,298$2,049$1,825$1,426
12 years$2,611$2,309$2,039$1,797$1,581$1,203
13 years$2,385$2,087$1,822$1,586$1,379$1,021
14 years$2,192$1,897$1,637$1,408$1,209$871
15 years$2,025$1,733$1,478$1,256$1,064$746
16 years$1,878$1,590$1,340$1,125$940$640
17 years$1,750$1,464$1,219$1,010$834$551
18 years$1,635$1,353$1,113$911$741$476
19 years$1,533$1,254$1,019$823$661$412
20 years$1,441$1,165$935$745$590$356
21 years$1,358$1,085$860$676$528$309
22 years$1,283$1,013$793$615$474$269
23 years$1,214$948$732$560$425$234
24 years$1,151$888$677$511$382$203
25 years$1,093$833$627$466$344$177
26 years$1,040$783$581$426$310$154
27 years$991$737$540$390$279$135
28 years$945$694$502$358$252$117
29 years$903$655$467$328$227$103
30 years$863$619$435$301$206$90
31 years$826$585$406$276$186$78
32 years$792$553$378$254$168$68
33 years$759$524$353$234$152$60
34 years$729$497$330$215$138$52
35 years$700$471$309$198$125$46
36 years$673$447$289$182$113$40
37 years$648$425$270$168$102$35
38 years$624$404$253$155$93$31
39 years$601$384$237$143$84$27
40 years$580$365$222$132$76$23
41 years$559$348$208$121$69$20
42 years$540$331$195$112$63$18
43 years$521$315$183$103$57$16
44 years$504$301$172$96$52$14
45 years$487$287$162$88$47$12
46 years$471$274$152$81$43$11
47 years$456$261$143$75$39$9
48 years$441$249$134$70$35$8
49 years$427$238$126$64$32$7
50 years$414$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 $424,000, adding $2,973 every year, while hoping to spend $34,331 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: 30/49/21 Blend
72$424,000$424,000$424,000$424,000
73$470,315$447,843$441,271$481,264
74$481,759$433,259$419,525$475,272
75$493,220$416,810$395,901$465,550
76$504,663$398,368$370,298$454,370
77$516,049$377,799$342,613$441,628
78$527,333$354,958$312,738$427,213
79$538,466$329,696$280,560$411,005
80$549,391$301,853$245,960$392,878
81$560,044$271,259$208,815$372,698
82$570,354$237,736$168,996$350,322
83$580,241$201,096$126,368$325,596
84$589,616$161,140$80,792$298,360
85$598,377$117,657$32,119$268,438
86$606,414$70,424$0$235,648
87$613,601$19,208$0$204,235
88$619,800$0$0$177,516
89$624,854$0$0$167,641
90$628,592$0$0$167,650
91$630,821$0$0$167,122
92$631,328$0$0$165,985
93$629,876$0$0$164,158
94$626,201$0$0$161,555
95$620,012$0$0$158,077
96$610,985$0$0$153,615
97$598,761$0$0$148,050
98$582,942$0$0$141,248
99$563,086$0$0$133,063
100$538,708$0$0$123,331