Can I retire at age 60 with 727,000?

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 $727,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$60,035$59,500$58,978$58,469$57,972$57,343
2 years$29,720$29,167$28,630$28,110$27,606$26,972
3 years$19,617$19,061$18,526$18,010$17,514$16,896
4 years$14,566$14,012$13,482$12,976$12,491$11,893
5 years$11,536$10,985$10,463$9,966$9,496$8,919
6 years$9,517$8,970$8,455$7,970$7,514$6,960
7 years$8,075$7,533$7,026$6,553$6,111$5,580
8 years$6,995$6,457$5,959$5,497$5,069$4,561
9 years$6,155$5,622$5,132$4,682$4,269$3,783
10 years$5,483$4,956$4,475$4,036$3,637$3,174
11 years$4,934$4,412$3,939$3,513$3,128$2,687
12 years$4,476$3,960$3,496$3,081$2,711$2,291
13 years$4,089$3,579$3,124$2,720$2,364$1,965
14 years$3,758$3,253$2,806$2,415$2,072$1,693
15 years$3,472$2,972$2,534$2,153$1,825$1,465
16 years$3,221$2,726$2,297$1,928$1,613$1,273
17 years$3,000$2,511$2,090$1,732$1,430$1,108
18 years$2,804$2,320$1,908$1,561$1,271$968
19 years$2,628$2,150$1,747$1,411$1,133$847
20 years$2,471$1,998$1,603$1,278$1,012$742
21 years$2,328$1,861$1,475$1,160$906$652
22 years$2,199$1,737$1,359$1,054$812$573
23 years$2,081$1,625$1,255$960$729$504
24 years$1,973$1,522$1,161$876$655$444
25 years$1,874$1,429$1,075$800$589$392
26 years$1,783$1,343$997$731$531$346
27 years$1,699$1,264$926$669$479$306
28 years$1,620$1,191$861$613$432$270
29 years$1,548$1,123$801$562$390$239
30 years$1,480$1,061$746$516$352$211
31 years$1,417$1,003$695$474$319$187
32 years$1,357$949$649$436$288$166
33 years$1,302$899$606$401$261$147
34 years$1,250$852$566$369$236$130
35 years$1,201$808$529$339$214$115
36 years$1,155$767$495$312$194$102
37 years$1,111$728$463$288$176$91
38 years$1,070$692$434$265$159$80
39 years$1,031$658$407$245$144$71
40 years$994$626$381$226$131$63
41 years$959$596$357$208$119$56
42 years$926$568$335$192$108$50
43 years$894$541$315$177$98$44
44 years$864$516$295$164$89$39
45 years$835$492$277$151$81$35
46 years$808$469$260$140$73$31
47 years$782$448$245$129$66$27
48 years$757$427$230$119$60$24
49 years$733$408$216$110$55$22
50 years$710$390$203$102$50$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $727,000, adding $5,028 every year, while hoping to spend $35,987 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: 47/40/13 Blend
59$727,000$727,000$727,000$727,000
60$806,340$767,809$756,541$841,081
61$850,297$767,142$743,595$864,954
62$897,532$765,236$729,010$886,746
63$948,340$761,993$712,691$909,598
64$1,003,047$757,307$694,543$933,621
65$1,062,010$751,068$674,463$958,939
66$1,125,623$743,157$652,345$985,694
67$1,194,315$733,451$628,077$1,014,041
68$1,268,561$721,816$601,544$1,044,153
69$1,348,882$708,113$572,623$1,076,227
70$1,435,850$692,192$541,188$1,110,478
71$1,530,094$673,896$507,105$1,147,150
72$1,632,306$653,060$470,235$1,186,511
73$1,743,247$629,506$430,434$1,228,863
74$1,863,755$603,048$387,550$1,274,541
75$1,994,749$573,488$341,424$1,323,917
76$2,137,242$540,618$291,891$1,377,407
77$2,292,349$504,217$238,778$1,435,471
78$2,461,296$464,051$181,904$1,498,623
79$2,645,433$419,874$121,082$1,567,433
80$2,846,243$371,423$56,114$1,642,534
81$3,065,361$318,425$0$1,724,629
82$3,304,587$260,587$0$1,816,333
83$3,565,901$197,601$0$1,925,105
84$3,851,482$129,143$0$2,044,145
85$4,163,732$54,869$0$2,174,552
86$4,505,291$0$0$2,317,543
87$4,879,071$0$0$2,485,725
88$5,288,275$0$0$2,696,366
89$5,736,431$0$0$2,927,140
90$6,227,425$0$0$3,180,060
91$6,765,535$0$0$3,457,340
92$7,355,475$0$0$3,761,419
93$8,002,433$0$0$4,094,984
94$8,712,128$0$0$4,460,994
95$9,490,855$0$0$4,862,710
96$10,345,550$0$0$5,303,722
97$11,283,852$0$0$5,787,984
98$12,314,178$0$0$6,319,856
99$13,445,797$0$0$6,904,135
100$14,688,921$0$0$7,546,109