Can I retire at age 61 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%11.7%
1 years$59,870$59,337$58,816$58,308$57,813$57,400
2 years$29,639$29,087$28,552$28,033$27,530$27,114
3 years$19,563$19,008$18,475$17,961$17,466$17,060
4 years$14,526$13,973$13,445$12,940$12,457$12,063
5 years$11,504$10,955$10,434$9,939$9,470$9,089
6 years$9,491$8,946$8,432$7,948$7,493$7,127
7 years$8,053$7,513$7,007$6,535$6,094$5,742
8 years$6,975$6,440$5,943$5,482$5,055$4,718
9 years$6,138$5,607$5,118$4,669$4,257$3,934
10 years$5,468$4,942$4,462$4,025$3,627$3,319
11 years$4,920$4,400$3,929$3,503$3,120$2,825
12 years$4,464$3,949$3,486$3,073$2,704$2,422
13 years$4,078$3,569$3,115$2,713$2,358$2,090
14 years$3,748$3,244$2,799$2,408$2,067$1,812
15 years$3,462$2,963$2,527$2,147$1,820$1,577
16 years$3,212$2,719$2,291$1,923$1,608$1,378
17 years$2,992$2,504$2,085$1,728$1,426$1,208
18 years$2,796$2,314$1,903$1,557$1,268$1,061
19 years$2,621$2,144$1,742$1,407$1,130$935
20 years$2,464$1,993$1,599$1,274$1,009$825
21 years$2,322$1,856$1,471$1,156$903$729
22 years$2,193$1,733$1,355$1,051$810$645
23 years$2,076$1,620$1,252$958$727$572
24 years$1,968$1,518$1,157$873$653$508
25 years$1,869$1,425$1,072$798$588$451
26 years$1,778$1,339$994$729$530$401
27 years$1,694$1,260$923$668$477$357
28 years$1,616$1,188$858$612$431$317
29 years$1,543$1,120$799$561$389$283
30 years$1,476$1,058$744$515$351$252
31 years$1,413$1,000$694$473$318$225
32 years$1,354$946$647$434$287$201
33 years$1,298$896$604$400$260$179
34 years$1,246$849$565$368$236$160
35 years$1,198$806$528$338$213$143
36 years$1,151$765$494$312$193$127
37 years$1,108$726$462$287$175$114
38 years$1,067$690$433$265$159$102
39 years$1,028$656$405$244$144$91
40 years$991$624$380$225$131$81
41 years$956$594$356$208$119$73
42 years$923$566$334$192$108$65
43 years$891$539$314$177$98$58
44 years$861$514$294$163$89$52
45 years$833$490$276$151$80$47
46 years$805$468$260$139$73$42
47 years$779$446$244$129$66$37
48 years$754$426$229$119$60$33
49 years$731$407$215$110$55$30
50 years$708$389$203$102$50$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $725,000, adding $4,093 every year, while hoping to spend $39,981 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: 69/23/8 Blend
60$725,000$725,000$725,000$725,000
61$803,172$764,747$753,509$857,170
62$842,556$759,680$736,213$888,408
63$884,617$753,025$716,996$917,309
64$929,587$744,661$695,754$947,845
65$977,717$734,462$672,374$980,169
66$1,029,286$722,293$646,741$1,014,450
67$1,084,598$708,010$618,731$1,050,874
68$1,143,987$691,463$588,219$1,089,649
69$1,207,820$672,491$555,071$1,131,005
70$1,276,499$650,924$519,147$1,175,193
71$1,350,466$626,583$480,302$1,222,497
72$1,430,206$599,278$438,385$1,273,225
73$1,516,252$568,808$393,236$1,327,723
74$1,609,190$534,960$344,690$1,386,370
75$1,709,664$497,510$292,573$1,449,587
76$1,818,380$456,218$236,705$1,517,841
77$1,936,118$410,835$176,897$1,591,645
78$2,063,730$361,095$112,951$1,671,571
79$2,202,158$306,716$44,663$1,758,249
80$2,352,436$247,403$0$1,852,375
81$2,515,699$182,841$0$1,957,128
82$2,693,201$112,700$0$2,075,178
83$2,886,315$36,631$0$2,203,669
84$3,096,558$0$0$2,343,665
85$3,325,594$0$0$2,507,913
86$3,575,257$0$0$2,697,096
87$3,847,565$0$0$2,903,478
88$4,144,738$0$0$3,128,746
89$4,469,223$0$0$3,374,758
90$4,823,708$0$0$3,643,560
91$5,211,158$0$0$3,937,404
92$5,634,834$0$0$4,258,769
93$6,098,328$0$0$4,610,386
94$6,605,593$0$0$4,995,261
95$7,160,983$0$0$5,416,702
96$7,769,295$0$0$5,878,357
97$8,435,808$0$0$6,384,239
98$9,166,338$0$0$6,938,768
99$9,967,290$0$0$7,546,815
100$10,845,717$0$0$8,213,742