Can I retire at age 73 with 450,000?

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 $450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$37,161$36,830$36,507$36,191$35,884$34,610
2 years$18,396$18,054$17,722$17,400$17,087$15,818
3 years$12,142$11,798$11,467$11,148$10,841$9,616
4 years$9,016$8,673$8,345$8,032$7,732$6,560
5 years$7,141$6,800$6,476$6,169$5,878$4,762
6 years$5,891$5,552$5,234$4,933$4,651$3,592
7 years$4,999$4,663$4,349$4,056$3,782$2,781
8 years$4,330$3,997$3,688$3,403$3,138$2,193
9 years$3,810$3,480$3,177$2,898$2,642$1,752
10 years$3,394$3,068$2,770$2,498$2,252$1,415
11 years$3,054$2,731$2,438$2,174$1,936$1,151
12 years$2,771$2,451$2,164$1,907$1,678$943
13 years$2,531$2,215$1,933$1,684$1,463$776
14 years$2,326$2,013$1,737$1,495$1,283$641
15 years$2,149$1,839$1,568$1,333$1,129$531
16 years$1,994$1,688$1,422$1,193$998$441
17 years$1,857$1,554$1,294$1,072$885$368
18 years$1,735$1,436$1,181$966$787$307
19 years$1,627$1,331$1,081$873$701$256
20 years$1,529$1,237$992$791$627$214
21 years$1,441$1,152$913$718$561$179
22 years$1,361$1,075$841$653$503$150
23 years$1,288$1,006$777$594$451$126
24 years$1,222$942$718$542$405$106
25 years$1,160$884$665$495$365$89
26 years$1,104$831$617$453$329$75
27 years$1,051$782$573$414$296$63
28 years$1,003$737$533$380$267$53
29 years$958$695$496$348$241$44
30 years$916$657$462$319$218$37
31 years$877$621$430$293$197$31
32 years$840$587$402$270$178$26
33 years$806$556$375$248$161$22
34 years$774$527$350$228$146$19
35 years$743$500$328$210$132$16
36 years$715$475$306$193$120$13
37 years$688$451$287$178$109$11
38 years$662$428$269$164$99$9
39 years$638$407$252$151$89$8
40 years$615$388$236$140$81$7
41 years$594$369$221$129$74$6
42 years$573$351$207$119$67$5
43 years$553$335$195$110$61$4
44 years$535$319$183$101$55$3
45 years$517$304$172$94$50$3
46 years$500$290$161$86$45$2
47 years$484$277$151$80$41$2
48 years$468$264$142$74$37$2
49 years$454$253$134$68$34$1
50 years$439$241$126$63$31$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $450,000, adding $6,991 every year, while hoping to spend $31,037 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: 36/43/21 Blend
72$450,000$450,000$450,000$450,000
73$503,111$479,261$472,286$517,810
74$521,405$469,722$455,085$519,639
75$540,525$458,675$436,267$518,225
76$560,523$446,014$415,745$516,063
77$581,453$431,625$393,430$513,105
78$603,376$415,390$369,225$509,300
79$626,358$397,182$343,031$504,595
80$650,470$376,866$314,746$498,937
81$675,787$354,303$284,259$492,268
82$702,395$329,341$251,460$484,529
83$730,384$301,823$216,228$475,660
84$759,852$271,581$178,441$465,598
85$790,907$238,440$137,969$454,277
86$823,667$202,211$94,678$441,631
87$858,260$162,697$48,428$427,591
88$894,824$119,691$0$412,087
89$933,511$72,971$0$395,254
90$974,489$22,306$0$388,405
91$1,017,937$0$0$380,638
92$1,064,055$0$0$387,316
93$1,113,059$0$0$405,660
94$1,165,186$0$0$425,208
95$1,220,696$0$0$446,063
96$1,279,873$0$0$468,336
97$1,343,027$0$0$492,149
98$1,410,501$0$0$517,637
99$1,482,667$0$0$544,946
100$1,559,935$0$0$574,237