Can I retire at age 73 with 488,000?

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 $488,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$40,299$39,940$39,589$39,248$38,914$38,175
2 years$19,950$19,578$19,218$18,869$18,530$17,789
3 years$13,168$12,795$12,435$12,090$11,756$11,035
4 years$9,777$9,405$9,050$8,710$8,385$7,690
5 years$7,744$7,374$7,023$6,690$6,374$5,707
6 years$6,388$6,021$5,676$5,350$5,044$4,405
7 years$5,421$5,057$4,716$4,399$4,102$3,492
8 years$4,695$4,335$4,000$3,690$3,403$2,822
9 years$4,131$3,774$3,445$3,143$2,866$2,313
10 years$3,680$3,327$3,004$2,709$2,442$1,917
11 years$3,312$2,961$2,644$2,358$2,100$1,603
12 years$3,005$2,658$2,347$2,068$1,820$1,349
13 years$2,745$2,402$2,097$1,826$1,587$1,142
14 years$2,523$2,183$1,884$1,621$1,391$971
15 years$2,330$1,995$1,701$1,445$1,225$829
16 years$2,162$1,830$1,542$1,294$1,082$710
17 years$2,014$1,685$1,403$1,163$960$610
18 years$1,882$1,557$1,281$1,048$853$525
19 years$1,764$1,443$1,173$947$761$452
20 years$1,659$1,341$1,076$858$679$391
21 years$1,563$1,249$990$778$608$338
22 years$1,476$1,166$912$708$545$293
23 years$1,397$1,091$842$645$489$254
24 years$1,325$1,022$779$588$440$220
25 years$1,258$959$722$537$396$191
26 years$1,197$901$669$491$356$166
27 years$1,140$848$621$449$321$144
28 years$1,088$799$578$412$290$125
29 years$1,039$754$538$378$262$109
30 years$993$712$501$346$237$95
31 years$951$673$467$318$214$83
32 years$911$637$436$292$193$72
33 years$874$603$407$269$175$63
34 years$839$572$380$247$159$55
35 years$806$542$355$228$144$48
36 years$775$515$332$210$130$42
37 years$746$489$311$193$118$36
38 years$718$465$291$178$107$32
39 years$692$442$273$164$97$28
40 years$667$420$256$152$88$24
41 years$644$400$240$140$80$21
42 years$621$381$225$129$72$18
43 years$600$363$211$119$66$16
44 years$580$346$198$110$60$14
45 years$561$330$186$102$54$12
46 years$542$315$175$94$49$11
47 years$525$300$164$87$45$9
48 years$508$287$154$80$41$8
49 years$492$274$145$74$37$7
50 years$476$262$136$68$33$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $488,000, adding $3,196 every year, while hoping to spend $48,091 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: 75/9/16 Blend
72$488,000$488,000$488,000$488,000
73$541,073$515,209$507,645$579,497
74$545,094$489,285$473,482$579,423
75$547,913$460,480$436,564$573,067
76$549,357$428,601$396,746$564,811
77$549,234$393,445$353,879$554,449
78$547,329$354,797$307,807$541,760
79$543,405$312,430$258,367$526,499
80$537,199$266,106$205,389$508,398
81$528,418$215,570$148,694$487,162
82$516,739$160,555$88,098$462,468
83$501,803$100,779$23,406$433,961
84$483,213$35,943$0$401,250
85$460,528$0$0$371,699
86$433,263$0$0$345,211
87$400,878$0$0$318,040
88$362,778$0$0$286,131
89$318,303$0$0$248,941
90$266,725$0$0$205,867
91$207,239$0$0$156,242
92$138,955$0$0$99,331
93$60,889$0$0$34,321
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