Can I retire at age 60 with 725,000?

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 $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%11.4%
1 years$59,870$59,337$58,816$58,308$57,813$57,472
2 years$29,639$29,087$28,552$28,033$27,530$27,187
3 years$19,563$19,008$18,475$17,961$17,466$17,130
4 years$14,526$13,973$13,445$12,940$12,457$12,131
5 years$11,504$10,955$10,434$9,939$9,470$9,155
6 years$9,491$8,946$8,432$7,948$7,493$7,190
7 years$8,053$7,513$7,007$6,535$6,094$5,803
8 years$6,975$6,440$5,943$5,482$5,055$4,776
9 years$6,138$5,607$5,118$4,669$4,257$3,990
10 years$5,468$4,942$4,462$4,025$3,627$3,371
11 years$4,920$4,400$3,929$3,503$3,120$2,875
12 years$4,464$3,949$3,486$3,073$2,704$2,470
13 years$4,078$3,569$3,115$2,713$2,358$2,135
14 years$3,748$3,244$2,799$2,408$2,067$1,854
15 years$3,462$2,963$2,527$2,147$1,820$1,618
16 years$3,212$2,719$2,291$1,923$1,608$1,416
17 years$2,992$2,504$2,085$1,728$1,426$1,244
18 years$2,796$2,314$1,903$1,557$1,268$1,095
19 years$2,621$2,144$1,742$1,407$1,130$967
20 years$2,464$1,993$1,599$1,274$1,009$855
21 years$2,322$1,856$1,471$1,156$903$757
22 years$2,193$1,733$1,355$1,051$810$672
23 years$2,076$1,620$1,252$958$727$597
24 years$1,968$1,518$1,157$873$653$531
25 years$1,869$1,425$1,072$798$588$473
26 years$1,778$1,339$994$729$530$421
27 years$1,694$1,260$923$668$477$376
28 years$1,616$1,188$858$612$431$335
29 years$1,543$1,120$799$561$389$299
30 years$1,476$1,058$744$515$351$267
31 years$1,413$1,000$694$473$318$239
32 years$1,354$946$647$434$287$214
33 years$1,298$896$604$400$260$191
34 years$1,246$849$565$368$236$171
35 years$1,198$806$528$338$213$153
36 years$1,151$765$494$312$193$137
37 years$1,108$726$462$287$175$123
38 years$1,067$690$433$265$159$110
39 years$1,028$656$405$244$144$99
40 years$991$624$380$225$131$88
41 years$956$594$356$208$119$79
42 years$923$566$334$192$108$71
43 years$891$539$314$177$98$64
44 years$861$514$294$163$89$57
45 years$833$490$276$151$80$51
46 years$805$468$260$139$73$46
47 years$779$446$244$129$66$41
48 years$754$426$229$119$60$37
49 years$731$407$215$110$55$33
50 years$708$389$203$102$50$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $725,000, adding $2,860 every year, while hoping to spend $44,574 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: 51/43/6 Blend
59$725,000$725,000$725,000$725,000
60$801,900$763,475$752,238$841,489
61$836,268$753,459$730,011$858,692
62$872,646$741,458$705,546$872,319
63$911,195$727,328$678,721$886,063
64$952,086$710,917$649,407$899,943
65$995,509$692,061$617,472$913,985
66$1,041,669$670,590$582,775$928,219
67$1,090,793$646,323$545,172$942,681
68$1,143,128$619,067$504,510$957,413
69$1,198,945$588,620$460,629$972,468
70$1,258,541$554,765$413,363$987,904
71$1,322,241$517,278$362,540$1,003,792
72$1,390,401$475,916$307,976$1,020,212
73$1,463,412$430,426$249,484$1,037,257
74$1,541,702$380,539$186,864$1,055,035
75$1,625,743$325,972$119,911$1,073,670
76$1,716,049$266,425$48,408$1,093,304
77$1,813,188$201,582$0$1,114,097
78$1,917,781$131,107$0$1,138,022
79$2,030,511$54,649$0$1,166,923
80$2,152,129$0$0$1,197,953
81$2,283,460$0$0$1,244,726
82$2,425,408$0$0$1,323,287
83$2,578,969$0$0$1,408,336
84$2,745,238$0$0$1,500,488
85$2,925,417$0$0$1,600,417
86$3,120,830$0$0$1,708,866
87$3,332,932$0$0$1,826,650
88$3,563,321$0$0$1,954,669
89$3,813,759$0$0$2,093,908
90$4,086,182$0$0$2,245,456
91$4,382,719$0$0$2,410,507
92$4,705,715$0$0$2,590,378
93$5,057,749$0$0$2,786,517
94$5,441,661$0$0$3,000,518
95$5,860,574$0$0$3,234,135
96$6,317,927$0$0$3,489,298
97$6,817,508$0$0$3,768,135
98$7,363,483$0$0$4,072,986
99$7,960,441$0$0$4,406,427
100$8,613,435$0$0$4,771,296