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%11.9%
1 years$35,261$34,947$34,641$34,342$34,050$33,778
2 years$17,456$17,131$16,816$16,510$16,214$15,941
3 years$11,522$11,195$10,881$10,578$10,287$10,020
4 years$8,555$8,230$7,919$7,621$7,337$7,078
5 years$6,776$6,452$6,145$5,854$5,577$5,328
6 years$5,590$5,269$4,966$4,681$4,413$4,173
7 years$4,743$4,425$4,127$3,849$3,589$3,358
8 years$4,108$3,793$3,500$3,229$2,977$2,756
9 years$3,615$3,302$3,015$2,750$2,507$2,296
10 years$3,220$2,911$2,628$2,371$2,136$1,934
11 years$2,898$2,591$2,314$2,063$1,837$1,644
12 years$2,629$2,326$2,053$1,810$1,592$1,408
13 years$2,402$2,102$1,835$1,598$1,388$1,213
14 years$2,207$1,911$1,648$1,418$1,217$1,051
15 years$2,039$1,745$1,488$1,265$1,072$913
16 years$1,892$1,601$1,349$1,132$947$797
17 years$1,762$1,475$1,228$1,018$840$698
18 years$1,647$1,363$1,121$917$747$612
19 years$1,544$1,263$1,026$829$666$538
20 years$1,451$1,174$942$750$594$474
21 years$1,368$1,093$866$681$532$419
22 years$1,292$1,020$798$619$477$370
23 years$1,222$954$737$564$428$327
24 years$1,159$894$682$514$385$290
25 years$1,101$839$631$470$346$257
26 years$1,047$789$586$430$312$228
27 years$998$742$544$393$281$203
28 years$952$699$505$360$254$180
29 years$909$660$470$330$229$160
30 years$869$623$438$303$207$143
31 years$832$589$408$278$187$127
32 years$797$557$381$256$169$113
33 years$765$528$356$235$153$101
34 years$734$500$332$216$139$90
35 years$705$474$311$199$126$80
36 years$678$450$291$184$114$71
37 years$653$428$272$169$103$64
38 years$628$407$255$156$94$57
39 years$605$387$239$144$85$51
40 years$584$368$224$133$77$45
41 years$563$350$210$122$70$40
42 years$544$333$197$113$63$36
43 years$525$318$185$104$57$32
44 years$507$303$173$96$52$29
45 years$490$289$163$89$47$26
46 years$474$275$153$82$43$23
47 years$459$263$144$76$39$20
48 years$444$251$135$70$35$18
49 years$430$240$127$65$32$16
50 years$417$229$119$60$29$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $427,000, adding $4,642 every year, while hoping to spend $24,294 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: 67/23/10 Blend
72$427,000$427,000$427,000$427,000
73$475,342$452,711$446,093$505,896
74$497,979$449,045$435,188$523,140
75$522,109$444,386$423,104$538,651
76$547,862$438,658$409,775$554,975
77$575,375$431,783$395,134$572,189
78$604,800$423,678$379,108$590,377
79$636,305$414,254$361,624$609,635
80$670,073$403,417$342,603$630,065
81$706,305$391,068$321,964$651,785
82$745,220$377,103$299,622$674,924
83$787,061$361,409$275,488$699,623
84$832,094$343,871$249,469$726,041
85$880,610$324,363$221,469$754,353
86$932,928$302,753$191,385$784,755
87$989,403$278,904$159,112$817,460
88$1,050,419$252,667$124,539$852,708
89$1,116,401$223,887$87,551$890,764
90$1,187,818$192,401$48,027$931,920
91$1,265,181$158,035$5,842$976,500
92$1,349,056$120,605$0$1,024,863
93$1,440,063$79,918$0$1,081,588
94$1,538,885$35,770$0$1,143,871
95$1,646,273$0$0$1,211,590
96$1,763,053$0$0$1,288,352
97$1,890,134$0$0$1,381,759
98$2,028,515$0$0$1,483,496
99$2,179,297$0$0$1,594,376
100$2,343,691$0$0$1,715,292