Can I retire at age 73 with 482,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $482,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$39,803$39,449$39,103$38,765$38,435$37,160
2 years$19,705$19,338$18,982$18,637$18,303$17,030
3 years$13,006$12,637$12,283$11,941$11,612$10,383
4 years$9,657$9,290$8,939$8,603$8,282$7,105
5 years$7,649$7,283$6,937$6,608$6,296$5,174
6 years$6,310$5,947$5,606$5,284$4,982$3,916
7 years$5,354$4,995$4,658$4,344$4,051$3,042
8 years$4,637$4,281$3,951$3,644$3,361$2,407
9 years$4,080$3,728$3,403$3,104$2,830$1,930
10 years$3,635$3,286$2,967$2,676$2,412$1,564
11 years$3,271$2,925$2,612$2,329$2,074$1,278
12 years$2,968$2,625$2,318$2,043$1,797$1,051
13 years$2,711$2,373$2,071$1,803$1,567$868
14 years$2,492$2,157$1,861$1,601$1,374$720
15 years$2,302$1,970$1,680$1,428$1,210$599
16 years$2,135$1,808$1,523$1,278$1,069$500
17 years$1,989$1,665$1,386$1,149$948$419
18 years$1,859$1,538$1,265$1,035$843$351
19 years$1,743$1,426$1,158$935$751$294
20 years$1,638$1,325$1,063$847$671$247
21 years$1,544$1,234$978$769$601$208
22 years$1,458$1,152$901$699$538$175
23 years$1,380$1,077$832$637$483$148
24 years$1,308$1,009$770$581$434$125
25 years$1,243$947$713$530$391$105
26 years$1,182$890$661$485$352$89
27 years$1,126$838$614$444$317$75
28 years$1,074$789$571$407$286$63
29 years$1,026$745$531$373$259$53
30 years$981$703$495$342$234$45
31 years$939$665$461$314$211$38
32 years$900$629$430$289$191$32
33 years$863$596$402$266$173$27
34 years$829$565$375$244$157$23
35 years$796$536$351$225$142$19
36 years$766$508$328$207$128$16
37 years$737$483$307$191$116$14
38 years$709$459$288$176$106$12
39 years$683$436$270$162$96$10
40 years$659$415$253$150$87$8
41 years$636$395$237$138$79$7
42 years$614$376$222$127$71$6
43 years$593$359$209$118$65$5
44 years$573$342$196$109$59$4
45 years$554$326$184$100$53$4
46 years$535$311$173$93$49$3
47 years$518$297$162$86$44$3
48 years$502$283$152$79$40$2
49 years$486$271$143$73$36$2
50 years$471$258$135$68$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $482,000, adding $2,953 every year, while hoping to spend $45,369 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: 71/5/24 Blend
72$482,000$482,000$482,000$482,000
73$534,210$508,664$501,193$568,719
74$540,427$485,316$469,711$568,805
75$545,758$459,304$435,653$563,290
76$550,064$430,449$398,886$556,156
77$553,191$398,561$359,270$547,238
78$554,969$363,443$316,657$536,356
79$555,206$324,882$270,896$523,311
80$553,692$282,656$221,826$507,887
81$550,192$236,530$169,280$489,848
82$544,446$186,254$113,085$468,933
83$536,164$131,565$53,059$444,858
84$525,028$72,187$0$417,311
85$510,683$7,826$0$388,767
86$492,735$0$0$370,718
87$470,751$0$0$352,606
88$444,248$0$0$331,375
89$412,695$0$0$306,177
90$375,503$0$0$276,549
91$332,019$0$0$241,983
92$281,523$0$0$201,914
93$223,220$0$0$155,718
94$156,228$0$0$102,706
95$79,576$0$0$42,117
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