Can I retire at age 73 with 489,000?

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 $489,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$40,381$40,021$39,671$39,328$38,994$38,395
2 years$19,991$19,618$19,258$18,908$18,568$17,967
3 years$13,195$12,821$12,461$12,114$11,781$11,195
4 years$9,797$9,425$9,068$8,728$8,402$7,836
5 years$7,760$7,389$7,037$6,704$6,387$5,843
6 years$6,401$6,034$5,687$5,361$5,054$4,532
7 years$5,432$5,067$4,726$4,408$4,110$3,611
8 years$4,705$4,343$4,008$3,697$3,410$2,934
9 years$4,140$3,782$3,452$3,149$2,872$2,418
10 years$3,688$3,333$3,010$2,715$2,447$2,015
11 years$3,318$2,968$2,650$2,363$2,104$1,694
12 years$3,011$2,664$2,352$2,072$1,823$1,434
13 years$2,751$2,407$2,101$1,830$1,590$1,221
14 years$2,528$2,188$1,888$1,624$1,394$1,045
15 years$2,335$1,999$1,704$1,448$1,227$897
16 years$2,166$1,834$1,545$1,297$1,085$773
17 years$2,018$1,689$1,406$1,165$962$668
18 years$1,886$1,561$1,284$1,050$855$579
19 years$1,768$1,446$1,175$949$762$503
20 years$1,662$1,344$1,078$859$681$437
21 years$1,566$1,252$992$780$609$381
22 years$1,479$1,169$914$709$546$332
23 years$1,400$1,093$844$646$490$290
24 years$1,327$1,024$781$589$441$253
25 years$1,261$961$723$538$396$221
26 years$1,199$903$671$492$357$194
27 years$1,143$850$623$450$322$170
28 years$1,090$801$579$413$291$149
29 years$1,041$756$539$378$262$130
30 years$995$714$502$347$237$114
31 years$953$675$468$319$214$100
32 years$913$638$436$293$194$88
33 years$876$604$408$269$175$77
34 years$841$573$381$248$159$68
35 years$808$543$356$228$144$59
36 years$777$516$333$210$130$52
37 years$747$490$312$194$118$46
38 years$720$466$292$179$107$40
39 years$693$443$273$165$97$35
40 years$669$421$256$152$88$31
41 years$645$401$240$140$80$27
42 years$623$382$225$129$73$24
43 years$601$364$212$119$66$21
44 years$581$347$199$110$60$19
45 years$562$331$186$102$54$16
46 years$543$315$175$94$49$14
47 years$526$301$165$87$45$13
48 years$509$287$155$80$41$11
49 years$493$274$145$74$37$10
50 years$477$262$137$69$34$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $489,000, adding $2,593 every year, while hoping to spend $24,796 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: 64/10/26 Blend
72$489,000$489,000$489,000$489,000
73$541,553$515,636$508,056$572,345
74$570,408$514,519$498,693$592,356
75$601,376$512,517$488,186$611,229
76$634,645$509,559$476,469$631,302
77$670,424$505,572$463,475$652,696
78$708,940$500,478$449,134$675,544
79$750,444$494,193$433,372$699,996
80$795,210$486,630$416,112$726,214
81$843,542$477,695$397,272$754,380
82$895,771$467,290$376,768$784,697
83$952,262$455,310$354,512$817,386
84$1,013,417$441,644$330,413$852,695
85$1,079,676$426,175$304,372$890,895
86$1,151,525$408,780$276,290$932,290
87$1,229,497$389,326$246,062$977,214
88$1,314,178$367,675$213,578$1,026,036
89$1,406,214$343,681$178,722$1,079,165
90$1,506,313$317,187$141,375$1,137,053
91$1,615,258$288,030$101,412$1,200,201
92$1,733,908$256,037$58,703$1,269,160
93$1,863,207$221,024$13,110$1,344,543
94$2,004,197$182,796$0$1,427,024
95$2,158,022$141,151$0$1,527,211
96$2,325,944$95,870$0$1,640,590
97$2,509,349$46,727$0$1,764,475
98$2,709,766$0$0$1,899,918
99$2,928,876$0$0$2,048,794
100$3,168,530$0$0$2,217,286