Can I retire at age 73 with 478,000?

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 $478,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$39,473$39,121$38,778$38,443$38,116$37,940
2 years$19,541$19,177$18,824$18,482$18,151$17,972
3 years$12,898$12,532$12,181$11,842$11,516$11,341
4 years$9,577$9,213$8,864$8,531$8,213$8,044
5 years$7,585$7,223$6,879$6,553$6,243$6,080
6 years$6,257$5,898$5,559$5,240$4,940$4,783
7 years$5,310$4,953$4,620$4,308$4,018$3,866
8 years$4,599$4,246$3,918$3,614$3,333$3,187
9 years$4,047$3,697$3,375$3,079$2,807$2,667
10 years$3,605$3,258$2,942$2,654$2,392$2,258
11 years$3,244$2,901$2,590$2,310$2,057$1,929
12 years$2,943$2,604$2,299$2,026$1,782$1,660
13 years$2,689$2,353$2,054$1,788$1,554$1,438
14 years$2,471$2,139$1,845$1,588$1,363$1,251
15 years$2,283$1,954$1,666$1,416$1,200$1,094
16 years$2,118$1,793$1,510$1,268$1,060$960
17 years$1,972$1,651$1,374$1,139$940$845
18 years$1,843$1,525$1,255$1,027$836$745
19 years$1,728$1,414$1,149$928$745$659
20 years$1,625$1,314$1,054$840$665$584
21 years$1,531$1,224$970$762$596$519
22 years$1,446$1,142$894$693$534$461
23 years$1,368$1,068$825$631$479$411
24 years$1,298$1,001$763$576$431$366
25 years$1,232$939$707$526$388$327
26 years$1,172$883$656$481$349$292
27 years$1,117$831$609$440$315$261
28 years$1,065$783$566$403$284$233
29 years$1,018$739$527$370$256$209
30 years$973$698$491$339$232$187
31 years$931$659$457$312$209$168
32 years$893$624$427$286$190$150
33 years$856$591$398$263$172$135
34 years$822$560$372$242$155$121
35 years$790$531$348$223$141$109
36 years$759$504$326$205$127$97
37 years$731$479$305$189$115$87
38 years$703$455$285$174$105$79
39 years$678$433$267$161$95$71
40 years$654$412$251$148$86$63
41 years$630$392$235$137$78$57
42 years$609$373$220$126$71$51
43 years$588$356$207$117$64$46
44 years$568$339$194$108$58$41
45 years$549$323$182$99$53$37
46 years$531$308$171$92$48$33
47 years$514$294$161$85$44$30
48 years$497$281$151$78$40$27
49 years$482$268$142$72$36$24
50 years$467$256$134$67$33$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $478,000, adding $4,327 every year, while hoping to spend $31,735 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: 64/26/10 Blend
72$478,000$478,000$478,000$478,000
73$531,219$505,885$498,476$563,788
74$551,638$496,908$481,409$577,087
75$573,076$486,427$462,707$587,502
76$595,603$474,335$442,281$598,070
77$619,296$460,520$420,040$608,806
78$644,239$444,859$395,885$619,725
79$670,521$427,228$369,718$630,846
80$698,243$407,490$341,432$642,192
81$727,511$385,504$310,917$653,788
82$758,442$361,120$278,058$665,665
83$791,166$334,177$242,736$677,856
84$825,821$304,508$204,824$690,402
85$862,561$271,935$164,191$703,348
86$901,552$236,270$120,702$716,748
87$942,977$197,314$74,212$730,660
88$987,036$154,857$24,573$745,153
89$1,033,947$108,678$0$760,306
90$1,083,949$58,543$0$779,235
91$1,137,304$4,204$0$802,007
92$1,194,299$0$0$826,127
93$1,255,249$0$0$867,363
94$1,320,499$0$0$912,817
95$1,390,426$0$0$961,552
96$1,465,446$0$0$1,013,861
97$1,546,013$0$0$1,070,064
98$1,632,628$0$0$1,130,512
99$1,725,838$0$0$1,195,591
100$1,826,247$0$0$1,265,727