Can I retire at age 61 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%16%
1 years$59,870$59,337$58,816$58,308$57,813$56,392
2 years$29,639$29,087$28,552$28,033$27,530$26,107
3 years$19,563$19,008$18,475$17,961$17,466$16,086
4 years$14,526$13,973$13,445$12,940$12,457$11,130
5 years$11,504$10,955$10,434$9,939$9,470$8,200
6 years$9,491$8,946$8,432$7,948$7,493$6,282
7 years$8,053$7,513$7,007$6,535$6,094$4,941
8 years$6,975$6,440$5,943$5,482$5,055$3,960
9 years$6,138$5,607$5,118$4,669$4,257$3,219
10 years$5,468$4,942$4,462$4,025$3,627$2,645
11 years$4,920$4,400$3,929$3,503$3,120$2,191
12 years$4,464$3,949$3,486$3,073$2,704$1,828
13 years$4,078$3,569$3,115$2,713$2,358$1,533
14 years$3,748$3,244$2,799$2,408$2,067$1,291
15 years$3,462$2,963$2,527$2,147$1,820$1,092
16 years$3,212$2,719$2,291$1,923$1,608$926
17 years$2,992$2,504$2,085$1,728$1,426$787
18 years$2,796$2,314$1,903$1,557$1,268$670
19 years$2,621$2,144$1,742$1,407$1,130$572
20 years$2,464$1,993$1,599$1,274$1,009$489
21 years$2,322$1,856$1,471$1,156$903$418
22 years$2,193$1,733$1,355$1,051$810$358
23 years$2,076$1,620$1,252$958$727$307
24 years$1,968$1,518$1,157$873$653$264
25 years$1,869$1,425$1,072$798$588$226
26 years$1,778$1,339$994$729$530$194
27 years$1,694$1,260$923$668$477$167
28 years$1,616$1,188$858$612$431$144
29 years$1,543$1,120$799$561$389$124
30 years$1,476$1,058$744$515$351$106
31 years$1,413$1,000$694$473$318$92
32 years$1,354$946$647$434$287$79
33 years$1,298$896$604$400$260$68
34 years$1,246$849$565$368$236$58
35 years$1,198$806$528$338$213$50
36 years$1,151$765$494$312$193$43
37 years$1,108$726$462$287$175$37
38 years$1,067$690$433$265$159$32
39 years$1,028$656$405$244$144$28
40 years$991$624$380$225$131$24
41 years$956$594$356$208$119$21
42 years$923$566$334$192$108$18
43 years$891$539$314$177$98$15
44 years$861$514$294$163$89$13
45 years$833$490$276$151$80$11
46 years$805$468$260$139$73$10
47 years$779$446$244$129$66$8
48 years$754$426$229$119$60$7
49 years$731$407$215$110$55$6
50 years$708$389$203$102$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $725,000, adding $5,702 every year, while hoping to spend $35,624 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: 53/38/9 Blend
60$725,000$725,000$725,000$725,000
61$804,832$766,407$755,169$845,372
62$849,021$766,057$742,564$873,183
63$896,523$764,496$728,342$899,073
64$947,639$761,627$712,412$926,396
65$1,002,699$757,347$694,678$955,295
66$1,062,064$751,547$675,040$985,928
67$1,126,133$744,112$653,392$1,018,473
68$1,195,343$734,917$629,625$1,053,125
69$1,270,174$723,834$603,624$1,090,103
70$1,351,154$710,724$575,267$1,129,650
71$1,438,864$695,442$544,431$1,172,034
72$1,533,943$677,833$510,984$1,217,554
73$1,637,091$657,733$474,787$1,266,542
74$1,749,080$634,968$435,699$1,319,368
75$1,870,761$609,355$393,569$1,376,439
76$2,003,065$580,701$348,241$1,438,210
77$2,147,022$548,800$299,551$1,505,184
78$2,303,761$513,434$247,329$1,577,918
79$2,474,527$474,374$191,396$1,657,031
80$2,660,687$431,377$131,567$1,743,208
81$2,863,750$384,187$67,647$1,837,211
82$3,085,372$332,532$0$1,939,879
83$3,327,380$276,126$0$2,052,200
84$3,591,783$214,666$0$2,182,088
85$3,880,792$147,832$0$2,324,205
86$4,196,844$75,287$0$2,479,838
87$4,542,620$0$0$2,650,411
88$4,921,073$0$0$2,838,891
89$5,335,453$0$0$3,079,801
90$5,789,342$0$0$3,343,752
91$6,286,682$0$0$3,633,045
92$6,831,816$0$0$3,950,215
93$7,429,526$0$0$4,298,055
94$8,085,080$0$0$4,679,639
95$8,804,279$0$0$5,098,354
96$9,593,514$0$0$5,557,933
97$10,459,823$0$0$6,062,484
98$11,410,961$0$0$6,616,535
99$12,455,469$0$0$7,225,074
100$13,602,755$0$0$7,893,593