Can I retire at age 73 with 451,000?

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 $451,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$37,243$36,911$36,588$36,272$35,963$35,514
2 years$18,437$18,094$17,761$17,438$17,125$16,673
3 years$12,169$11,825$11,493$11,173$10,865$10,424
4 years$9,036$8,692$8,364$8,049$7,749$7,323
5 years$7,157$6,815$6,491$6,183$5,891$5,480
6 years$5,904$5,565$5,245$4,944$4,661$4,267
7 years$5,010$4,673$4,359$4,065$3,791$3,413
8 years$4,339$4,006$3,697$3,410$3,145$2,784
9 years$3,818$3,488$3,184$2,905$2,648$2,304
10 years$3,401$3,074$2,776$2,504$2,257$1,928
11 years$3,061$2,737$2,444$2,179$1,941$1,628
12 years$2,777$2,457$2,169$1,911$1,682$1,385
13 years$2,537$2,220$1,938$1,687$1,467$1,184
14 years$2,331$2,018$1,741$1,498$1,286$1,018
15 years$2,154$1,843$1,572$1,336$1,132$879
16 years$1,998$1,691$1,425$1,196$1,000$761
17 years$1,861$1,558$1,297$1,075$887$661
18 years$1,739$1,439$1,184$969$789$575
19 years$1,631$1,334$1,084$875$703$502
20 years$1,533$1,240$995$793$628$439
21 years$1,444$1,155$915$719$562$384
22 years$1,364$1,078$843$654$504$337
23 years$1,291$1,008$779$596$452$295
24 years$1,224$944$720$543$406$260
25 years$1,163$886$667$496$366$228
26 years$1,106$833$618$454$329$201
27 years$1,054$784$574$415$297$177
28 years$1,005$739$534$380$268$156
29 years$960$697$497$349$242$137
30 years$918$658$463$320$219$121
31 years$879$622$431$294$198$107
32 years$842$589$403$270$179$94
33 years$808$557$376$249$162$83
34 years$775$528$351$229$147$74
35 years$745$501$328$210$133$65
36 years$716$476$307$194$120$57
37 years$689$452$287$179$109$51
38 years$664$429$269$165$99$45
39 years$640$408$252$152$90$40
40 years$617$388$236$140$81$35
41 years$595$370$222$129$74$31
42 years$574$352$208$119$67$27
43 years$555$336$195$110$61$24
44 years$536$320$183$102$55$21
45 years$518$305$172$94$50$19
46 years$501$291$162$87$45$17
47 years$485$278$152$80$41$15
48 years$469$265$143$74$37$13
49 years$455$253$134$68$34$12
50 years$440$242$126$63$31$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $451,000, adding $3,429 every year, while hoping to spend $30,270 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: 44/42/14 Blend
72$451,000$451,000$451,000$451,000
73$500,539$476,636$469,646$520,403
74$519,387$467,784$453,172$525,765
75$539,143$457,484$435,131$528,268
76$559,867$445,633$415,440$530,319
77$581,626$432,121$394,010$531,892
78$604,491$416,834$370,748$532,956
79$628,540$399,650$345,559$533,481
80$653,857$380,438$318,341$533,438
81$680,534$359,064$288,989$532,795
82$708,672$335,381$257,394$531,521
83$738,380$309,238$223,439$529,586
84$769,776$280,472$187,007$526,958
85$802,992$248,914$147,970$523,609
86$838,169$214,382$106,198$519,508
87$875,461$176,687$61,556$514,626
88$915,040$135,626$13,899$508,937
89$957,089$90,986$0$502,416
90$1,001,812$42,544$0$500,559
91$1,049,430$0$0$500,402
92$1,100,186$0$0$504,464
93$1,154,346$0$0$529,812
94$1,212,202$0$0$556,923
95$1,274,073$0$0$585,952
96$1,340,309$0$0$617,066
97$1,411,293$0$0$650,451
98$1,487,448$0$0$686,310
99$1,569,235$0$0$724,867
100$1,657,161$0$0$766,365