Can I retire at age 60 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$59,457$58,927$58,411$57,906$57,414$55,958
2 years$29,434$28,886$28,355$27,840$27,340$25,882
3 years$19,428$18,877$18,347$17,837$17,346$15,932
4 years$14,426$13,877$13,352$12,851$12,371$11,013
5 years$11,425$10,880$10,362$9,870$9,404$8,105
6 years$9,425$8,884$8,374$7,894$7,441$6,202
7 years$7,998$7,461$6,959$6,490$6,052$4,872
8 years$6,927$6,395$5,902$5,444$5,020$3,901
9 years$6,095$5,568$5,083$4,637$4,228$3,167
10 years$5,430$4,908$4,431$3,997$3,602$2,599
11 years$4,886$4,369$3,901$3,479$3,098$2,151
12 years$4,433$3,922$3,462$3,051$2,685$1,792
13 years$4,050$3,544$3,093$2,694$2,341$1,500
14 years$3,722$3,221$2,779$2,391$2,052$1,262
15 years$3,438$2,943$2,509$2,133$1,807$1,065
16 years$3,190$2,700$2,275$1,910$1,597$902
17 years$2,971$2,487$2,070$1,716$1,416$766
18 years$2,777$2,298$1,890$1,546$1,259$651
19 years$2,603$2,130$1,730$1,397$1,122$555
20 years$2,447$1,979$1,588$1,265$1,002$474
21 years$2,306$1,843$1,461$1,148$897$405
22 years$2,178$1,721$1,346$1,044$804$346
23 years$2,061$1,609$1,243$951$722$296
24 years$1,954$1,508$1,149$867$649$254
25 years$1,856$1,415$1,065$792$584$218
26 years$1,766$1,330$987$724$526$187
27 years$1,682$1,252$917$663$474$160
28 years$1,605$1,179$852$607$428$137
29 years$1,533$1,113$793$557$386$118
30 years$1,466$1,051$739$511$349$101
31 years$1,403$993$689$469$316$87
32 years$1,344$940$643$431$285$75
33 years$1,289$890$600$397$258$64
34 years$1,238$844$561$365$234$55
35 years$1,189$800$524$336$212$48
36 years$1,144$759$490$309$192$41
37 years$1,100$721$459$285$174$35
38 years$1,060$685$430$263$158$30
39 years$1,021$652$403$242$143$26
40 years$984$620$377$224$130$22
41 years$950$590$354$206$118$19
42 years$917$562$332$190$107$17
43 years$885$536$312$176$97$14
44 years$855$511$292$162$88$12
45 years$827$487$275$150$80$11
46 years$800$464$258$138$73$9
47 years$774$443$242$128$66$8
48 years$749$423$228$118$60$7
49 years$726$404$214$109$54$6
50 years$703$386$201$101$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $720,000, adding $5,135 every year, while hoping to spend $47,184 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: 39/32/29 Blend
59$720,000$720,000$720,000$720,000
60$798,737$760,577$749,417$822,858
61$830,004$747,642$724,319$828,049
62$862,880$732,491$696,799$828,947
63$897,478$714,967$666,725$829,027
64$933,922$694,902$633,962$828,245
65$972,348$672,118$598,366$826,555
66$1,012,903$646,427$559,786$823,915
67$1,055,748$617,631$518,068$820,279
68$1,101,058$585,519$473,047$815,604
69$1,149,025$549,868$424,553$809,846
70$1,199,858$510,444$372,408$802,963
71$1,253,785$466,998$316,426$794,913
72$1,311,056$419,266$256,411$785,658
73$1,371,945$366,971$192,162$775,161
74$1,436,750$309,819$123,466$763,388
75$1,505,798$247,500$50,102$750,310
76$1,579,448$179,686$0$735,902
77$1,658,093$106,031$0$728,868
78$1,742,161$26,170$0$737,581
79$1,832,125$0$0$746,597
80$1,928,502$0$0$777,227
81$2,031,858$0$0$820,022
82$2,142,817$0$0$866,033
83$2,262,059$0$0$915,551
84$2,390,336$0$0$968,898
85$2,528,470$0$0$1,026,425
86$2,677,365$0$0$1,088,518
87$2,838,013$0$0$1,155,604
88$3,011,505$0$0$1,228,147
89$3,199,040$0$0$1,306,663
90$3,401,934$0$0$1,391,714
91$3,621,637$0$0$1,483,921
92$3,859,739$0$0$1,583,966
93$4,117,992$0$0$1,692,600
94$4,398,321$0$0$1,810,647
95$4,702,842$0$0$1,939,014
96$5,033,884$0$0$2,078,701
97$5,394,011$0$0$2,230,807
98$5,786,041$0$0$2,396,539
99$6,213,076$0$0$2,577,229
100$6,678,529$0$0$2,774,342