Can I retire at age 73 with 430,000?

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 $430,000?

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 years$35,509$35,193$34,884$34,583$34,289$34,144
2 years$17,579$17,251$16,934$16,626$16,328$16,182
3 years$11,603$11,274$10,957$10,653$10,359$10,216
4 years$8,615$8,288$7,974$7,675$7,388$7,250
5 years$6,823$6,498$6,188$5,895$5,616$5,483
6 years$5,629$5,306$5,001$4,714$4,444$4,315
7 years$4,776$4,456$4,156$3,876$3,614$3,490
8 years$4,137$3,819$3,525$3,251$2,998$2,879
9 years$3,640$3,325$3,036$2,769$2,525$2,411
10 years$3,243$2,931$2,647$2,387$2,151$2,042
11 years$2,918$2,610$2,330$2,078$1,850$1,745
12 years$2,648$2,342$2,068$1,822$1,603$1,503
13 years$2,419$2,117$1,847$1,609$1,398$1,303
14 years$2,223$1,924$1,660$1,428$1,226$1,135
15 years$2,053$1,758$1,499$1,274$1,079$992
16 years$1,905$1,613$1,359$1,140$954$871
17 years$1,774$1,485$1,236$1,025$846$767
18 years$1,658$1,372$1,129$923$752$678
19 years$1,555$1,272$1,033$834$670$600
20 years$1,461$1,182$948$756$599$532
21 years$1,377$1,101$872$686$536$472
22 years$1,301$1,028$804$624$480$420
23 years$1,231$961$742$568$431$375
24 years$1,167$900$686$518$387$334
25 years$1,109$845$636$473$349$298
26 years$1,055$794$590$433$314$267
27 years$1,005$747$548$396$283$239
28 years$958$704$509$363$255$214
29 years$915$664$474$333$231$191
30 years$875$627$441$305$208$172
31 years$838$593$411$280$188$154
32 years$803$561$384$258$170$138
33 years$770$532$358$237$154$124
34 years$739$504$335$218$140$111
35 years$710$478$313$201$127$100
36 years$683$454$293$185$115$90
37 years$657$431$274$170$104$81
38 years$633$409$257$157$94$73
39 years$610$389$240$145$85$65
40 years$588$370$225$133$77$59
41 years$567$353$211$123$70$53
42 years$547$336$198$114$64$47
43 years$529$320$186$105$58$43
44 years$511$305$175$97$53$38
45 years$494$291$164$89$48$35
46 years$478$277$154$83$43$31
47 years$462$265$145$76$39$28
48 years$447$253$136$71$36$25
49 years$433$241$128$65$32$23
50 years$420$231$120$60$29$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $430,000, adding $6,262 every year, while hoping to spend $36,405 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: 45/35/20 Blend
72$430,000$430,000$430,000$430,000
73$480,319$457,529$450,864$498,915
74$490,577$441,214$427,234$496,280
75$500,661$422,878$401,591$489,333
76$510,515$402,386$373,831$481,046
77$520,076$379,591$343,843$471,310
78$529,273$354,341$311,511$460,011
79$538,027$326,471$276,714$447,023
80$546,249$295,812$239,328$432,216
81$553,840$262,180$199,219$415,444
82$560,690$225,384$156,250$396,555
83$566,674$185,222$110,278$375,384
84$571,655$141,478$61,153$351,752
85$575,481$93,928$8,719$325,469
86$577,981$42,331$0$296,329
87$578,965$0$0$274,190
88$578,224$0$0$256,599
89$575,524$0$0$254,310
90$570,606$0$0$250,891
91$563,181$0$0$246,200
92$552,933$0$0$240,075
93$539,506$0$0$232,342
94$522,510$0$0$222,805
95$501,513$0$0$211,249
96$476,033$0$0$197,433
97$445,540$0$0$181,095
98$409,447$0$0$161,941
99$367,104$0$0$139,649
100$317,792$0$0$113,859