Can I retire at age 73 with 491,000?

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 $491,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$40,546$40,185$39,833$39,489$39,153$38,890
2 years$20,072$19,699$19,336$18,985$18,644$18,379
3 years$13,249$12,873$12,512$12,164$11,829$11,569
4 years$9,838$9,463$9,105$8,763$8,436$8,185
5 years$7,791$7,419$7,066$6,731$6,413$6,171
6 years$6,428$6,058$5,711$5,383$5,075$4,841
7 years$5,454$5,088$4,745$4,426$4,127$3,902
8 years$4,724$4,361$4,025$3,713$3,424$3,208
9 years$4,157$3,797$3,466$3,162$2,883$2,677
10 years$3,703$3,347$3,022$2,726$2,457$2,259
11 years$3,332$2,980$2,661$2,372$2,113$1,924
12 years$3,023$2,674$2,361$2,081$1,831$1,651
13 years$2,762$2,417$2,110$1,837$1,597$1,425
14 years$2,538$2,197$1,895$1,631$1,400$1,237
15 years$2,345$2,007$1,711$1,454$1,232$1,077
16 years$2,175$1,841$1,552$1,302$1,089$942
17 years$2,026$1,696$1,412$1,170$966$826
18 years$1,894$1,567$1,289$1,054$859$726
19 years$1,775$1,452$1,180$953$765$640
20 years$1,669$1,349$1,083$863$684$565
21 years$1,573$1,257$996$783$612$500
22 years$1,485$1,173$918$712$548$443
23 years$1,406$1,097$848$648$492$393
24 years$1,333$1,028$784$591$442$349
25 years$1,266$965$726$540$398$310
26 years$1,204$907$673$494$359$276
27 years$1,147$853$625$452$323$246
28 years$1,094$804$581$414$292$219
29 years$1,045$759$541$380$263$195
30 years$999$717$504$349$238$174
31 years$957$677$470$320$215$155
32 years$917$641$438$294$195$139
33 years$879$607$409$271$176$124
34 years$844$575$382$249$159$111
35 years$811$546$357$229$144$99
36 years$780$518$334$211$131$88
37 years$750$492$313$194$119$79
38 years$723$467$293$179$108$71
39 years$696$444$275$165$98$63
40 years$671$423$257$152$88$57
41 years$648$403$241$141$80$51
42 years$625$383$226$130$73$45
43 years$604$365$212$120$66$41
44 years$583$348$199$111$60$36
45 years$564$332$187$102$54$33
46 years$545$317$176$94$49$29
47 years$528$302$165$87$45$26
48 years$511$289$155$81$41$23
49 years$495$276$146$74$37$21
50 years$479$263$137$69$34$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $491,000, adding $5,864 every year, while hoping to spend $21,568 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: 63/31/6 Blend
72$491,000$491,000$491,000$491,000
73$547,131$521,108$513,497$580,659
74$579,990$523,694$507,751$606,319
75$615,478$525,684$501,090$631,250
76$653,840$527,026$493,460$657,907
77$695,346$527,664$484,805$686,456
78$740,292$527,540$475,066$717,081
79$789,004$526,592$464,184$749,983
80$841,841$524,754$452,092$785,387
81$899,196$521,954$438,725$823,538
82$961,504$518,120$424,012$864,710
83$1,029,240$513,171$407,879$909,202
84$1,102,930$507,023$390,251$957,348
85$1,183,151$499,589$371,046$1,009,514
86$1,270,537$490,774$350,181$1,066,105
87$1,365,788$480,478$327,568$1,127,569
88$1,469,673$468,596$303,116$1,194,400
89$1,583,038$455,016$276,729$1,267,143
90$1,706,815$439,619$248,307$1,346,401
91$1,842,030$422,280$217,745$1,432,839
92$1,989,813$402,867$184,935$1,527,191
93$2,151,406$381,240$149,762$1,630,267
94$2,328,178$357,250$112,108$1,742,963
95$2,521,637$330,740$71,849$1,866,266
96$2,733,443$301,544$28,854$2,001,267
97$2,965,422$269,488$0$2,149,169
98$3,219,588$234,386$0$2,312,391
99$3,498,158$196,043$0$2,493,351
100$3,803,571$154,250$0$2,691,828