Can I retire at age 60 with 725,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$59,870$59,337$58,816$58,308$57,813$57,448
2 years$29,639$29,087$28,552$28,033$27,530$27,162
3 years$19,563$19,008$18,475$17,961$17,466$17,107
4 years$14,526$13,973$13,445$12,940$12,457$12,109
5 years$11,504$10,955$10,434$9,939$9,470$9,133
6 years$9,491$8,946$8,432$7,948$7,493$7,169
7 years$8,053$7,513$7,007$6,535$6,094$5,782
8 years$6,975$6,440$5,943$5,482$5,055$4,757
9 years$6,138$5,607$5,118$4,669$4,257$3,971
10 years$5,468$4,942$4,462$4,025$3,627$3,354
11 years$4,920$4,400$3,929$3,503$3,120$2,858
12 years$4,464$3,949$3,486$3,073$2,704$2,454
13 years$4,078$3,569$3,115$2,713$2,358$2,120
14 years$3,748$3,244$2,799$2,408$2,067$1,840
15 years$3,462$2,963$2,527$2,147$1,820$1,604
16 years$3,212$2,719$2,291$1,923$1,608$1,404
17 years$2,992$2,504$2,085$1,728$1,426$1,232
18 years$2,796$2,314$1,903$1,557$1,268$1,084
19 years$2,621$2,144$1,742$1,407$1,130$956
20 years$2,464$1,993$1,599$1,274$1,009$845
21 years$2,322$1,856$1,471$1,156$903$748
22 years$2,193$1,733$1,355$1,051$810$663
23 years$2,076$1,620$1,252$958$727$588
24 years$1,968$1,518$1,157$873$653$523
25 years$1,869$1,425$1,072$798$588$465
26 years$1,778$1,339$994$729$530$414
27 years$1,694$1,260$923$668$477$369
28 years$1,616$1,188$858$612$431$329
29 years$1,543$1,120$799$561$389$294
30 years$1,476$1,058$744$515$351$262
31 years$1,413$1,000$694$473$318$234
32 years$1,354$946$647$434$287$209
33 years$1,298$896$604$400$260$187
34 years$1,246$849$565$368$236$167
35 years$1,198$806$528$338$213$150
36 years$1,151$765$494$312$193$134
37 years$1,108$726$462$287$175$120
38 years$1,067$690$433$265$159$107
39 years$1,028$656$405$244$144$96
40 years$991$624$380$225$131$86
41 years$956$594$356$208$119$77
42 years$923$566$334$192$108$69
43 years$891$539$314$177$98$62
44 years$861$514$294$163$89$55
45 years$833$490$276$151$80$50
46 years$805$468$260$139$73$44
47 years$779$446$244$129$66$40
48 years$754$426$229$119$60$36
49 years$731$407$215$110$55$32
50 years$708$389$203$102$50$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $725,000, adding $6,189 every year, while hoping to spend $47,267 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: 46/36/18 Blend
59$725,000$725,000$725,000$725,000
60$805,334$766,909$755,671$837,982
61$837,186$754,196$730,695$848,682
62$870,703$739,275$703,297$855,053
63$906,005$721,990$673,348$860,965
64$943,222$702,172$640,709$866,394
65$982,497$679,644$605,239$871,319
66$1,023,983$654,219$566,786$875,722
67$1,067,852$625,698$525,196$879,583
68$1,114,287$593,872$480,305$882,886
69$1,163,491$558,517$431,941$885,619
70$1,215,682$519,400$379,926$887,771
71$1,271,103$476,272$324,075$889,336
72$1,330,017$428,871$264,193$890,312
73$1,392,712$376,918$200,076$890,704
74$1,459,503$320,122$131,513$890,520
75$1,530,735$258,171$58,282$889,779
76$1,606,788$190,739$0$888,505
77$1,688,076$117,481$0$890,549
78$1,775,053$38,031$0$904,336
79$1,868,218$0$0$918,766
80$1,968,117$0$0$952,976
81$2,075,350$0$0$1,005,926
82$2,190,575$0$0$1,062,883
83$2,314,514$0$0$1,124,213
84$2,447,961$0$0$1,190,314
85$2,591,787$0$0$1,261,628
86$2,746,948$0$0$1,338,638
87$2,914,496$0$0$1,421,875
88$3,095,585$0$0$1,511,924
89$3,291,486$0$0$1,609,425
90$3,503,593$0$0$1,715,085
91$3,733,441$0$0$1,829,679
92$3,982,717$0$0$1,954,061
93$4,253,275$0$0$2,089,170
94$4,547,156$0$0$2,236,037
95$4,866,605$0$0$2,395,798
96$5,214,090$0$0$2,569,703
97$5,592,328$0$0$2,759,126
98$6,004,308$0$0$2,965,581
99$6,453,319$0$0$3,190,733
100$6,942,981$0$0$3,436,415