Can I retire at age 73 with 428,000?

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 $428,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$35,344$35,029$34,722$34,422$34,129$33,815
2 years$17,497$17,171$16,855$16,549$16,252$15,935
3 years$11,549$11,221$10,906$10,603$10,311$10,002
4 years$8,575$8,249$7,937$7,639$7,354$7,055
5 years$6,792$6,467$6,160$5,867$5,590$5,302
6 years$5,603$5,281$4,978$4,692$4,423$4,146
7 years$4,754$4,435$4,137$3,858$3,597$3,331
8 years$4,118$3,802$3,508$3,236$2,984$2,729
9 years$3,623$3,310$3,022$2,757$2,513$2,269
10 years$3,228$2,918$2,634$2,376$2,141$1,908
11 years$2,904$2,597$2,319$2,068$1,842$1,619
12 years$2,635$2,331$2,058$1,814$1,596$1,384
13 years$2,408$2,107$1,839$1,601$1,392$1,190
14 years$2,213$1,915$1,652$1,422$1,220$1,029
15 years$2,044$1,749$1,492$1,268$1,074$893
16 years$1,896$1,605$1,352$1,135$949$777
17 years$1,766$1,478$1,231$1,020$842$679
18 years$1,651$1,366$1,123$919$748$594
19 years$1,547$1,266$1,028$831$667$522
20 years$1,455$1,176$944$752$596$459
21 years$1,371$1,096$868$683$533$404
22 years$1,295$1,023$800$621$478$356
23 years$1,225$957$739$565$429$314
24 years$1,162$896$683$516$386$278
25 years$1,103$841$633$471$347$246
26 years$1,050$791$587$431$313$218
27 years$1,000$744$545$394$282$193
28 years$954$701$507$361$254$171
29 years$911$661$472$331$230$152
30 years$871$625$439$304$207$135
31 years$834$590$409$279$188$120
32 years$799$559$382$256$170$106
33 years$766$529$357$236$154$95
34 years$736$501$333$217$139$84
35 years$707$476$312$200$126$75
36 years$680$451$291$184$114$66
37 years$654$429$273$170$103$59
38 years$630$407$255$156$94$53
39 years$607$387$239$144$85$47
40 years$585$369$224$133$77$42
41 years$565$351$210$123$70$37
42 years$545$334$197$113$63$33
43 years$526$318$185$104$58$29
44 years$509$304$174$96$52$26
45 years$492$289$163$89$47$23
46 years$475$276$153$82$43$21
47 years$460$263$144$76$39$19
48 years$445$252$135$70$36$17
49 years$431$240$127$65$32$15
50 years$418$229$120$60$29$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $428,000, adding $4,079 every year, while hoping to spend $43,289 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: 67/14/19 Blend
72$428,000$428,000$428,000$428,000
73$475,863$453,179$446,545$505,246
74$478,342$429,326$415,446$501,566
75$479,623$402,853$381,853$492,146
76$479,538$373,586$345,638$480,796
77$477,901$341,342$306,667$467,325
78$474,504$305,925$264,798$451,524
79$469,118$267,130$219,883$433,164
80$461,489$224,740$171,770$411,996
81$451,334$178,525$120,297$387,746
82$438,341$128,243$65,298$360,115
83$422,162$73,638$6,596$328,776
84$402,416$14,440$0$293,369
85$378,677$0$0$264,865
86$350,476$0$0$241,284
87$317,293$0$0$216,233
88$278,554$0$0$187,063
89$233,624$0$0$153,304
90$181,802$0$0$114,436
91$122,310$0$0$69,887
92$54,291$0$0$19,024
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0