Can I retire at age 73 with 427,000?

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 $427,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$35,261$34,947$34,641$34,342$34,050$33,403
2 years$17,456$17,131$16,816$16,510$16,214$15,565
3 years$11,522$11,195$10,881$10,578$10,287$9,656
4 years$8,555$8,230$7,919$7,621$7,337$6,729
5 years$6,776$6,452$6,145$5,854$5,577$4,994
6 years$5,590$5,269$4,966$4,681$4,413$3,855
7 years$4,743$4,425$4,127$3,849$3,589$3,056
8 years$4,108$3,793$3,500$3,229$2,977$2,469
9 years$3,615$3,302$3,015$2,750$2,507$2,024
10 years$3,220$2,911$2,628$2,371$2,136$1,678
11 years$2,898$2,591$2,314$2,063$1,837$1,402
12 years$2,629$2,326$2,053$1,810$1,592$1,181
13 years$2,402$2,102$1,835$1,598$1,388$999
14 years$2,207$1,911$1,648$1,418$1,217$850
15 years$2,039$1,745$1,488$1,265$1,072$725
16 years$1,892$1,601$1,349$1,132$947$621
17 years$1,762$1,475$1,228$1,018$840$533
18 years$1,647$1,363$1,121$917$747$459
19 years$1,544$1,263$1,026$829$666$396
20 years$1,451$1,174$942$750$594$342
21 years$1,368$1,093$866$681$532$296
22 years$1,292$1,020$798$619$477$256
23 years$1,222$954$737$564$428$222
24 years$1,159$894$682$514$385$193
25 years$1,101$839$631$470$346$167
26 years$1,047$789$586$430$312$145
27 years$998$742$544$393$281$126
28 years$952$699$505$360$254$110
29 years$909$660$470$330$229$96
30 years$869$623$438$303$207$83
31 years$832$589$408$278$187$72
32 years$797$557$381$256$169$63
33 years$765$528$356$235$153$55
34 years$734$500$332$216$139$48
35 years$705$474$311$199$126$42
36 years$678$450$291$184$114$36
37 years$653$428$272$169$103$32
38 years$628$407$255$156$94$28
39 years$605$387$239$144$85$24
40 years$584$368$224$133$77$21
41 years$563$350$210$122$70$18
42 years$544$333$197$113$63$16
43 years$525$318$185$104$57$14
44 years$507$303$173$96$52$12
45 years$490$289$163$89$47$11
46 years$474$275$153$82$43$9
47 years$459$263$144$76$39$8
48 years$444$251$135$70$35$7
49 years$430$240$127$65$32$6
50 years$417$229$119$60$29$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $427,000, adding $2,710 every year, while hoping to spend $35,080 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: 26/49/25 Blend
72$427,000$427,000$427,000$427,000
73$473,349$450,718$444,100$481,877
74$484,306$435,479$421,652$473,747
75$495,205$418,317$397,277$461,819
76$506,002$399,101$370,873$448,285
77$516,650$377,692$342,332$433,031
78$527,094$353,945$311,546$415,939
79$537,272$327,702$278,397$396,880
80$547,115$298,801$242,765$375,719
81$556,546$267,067$204,522$352,312
82$565,478$232,318$163,538$326,506
83$573,814$194,359$119,674$298,139
84$581,446$152,986$72,787$267,036
85$588,254$107,982$22,725$233,014
86$594,102$59,119$0$195,876
87$598,840$6,157$0$163,602
88$602,303$0$0$134,781
89$604,304$0$0$130,740
90$604,636$0$0$129,499
91$603,071$0$0$127,673
92$599,355$0$0$125,187
93$593,205$0$0$121,959
94$584,308$0$0$117,898
95$572,318$0$0$112,903
96$556,849$0$0$106,862
97$537,477$0$0$99,651
98$513,729$0$0$91,135
99$485,084$0$0$81,162
100$450,964$0$0$69,564