Can I retire at age 55 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$79,689$78,979$78,286$77,610$76,950$75,832
2 years$39,450$38,715$38,003$37,313$36,643$35,518
3 years$26,039$25,301$24,591$23,907$23,248$22,152
4 years$19,334$18,599$17,896$17,223$16,581$15,522
5 years$15,313$14,582$13,888$13,229$12,604$11,586
6 years$12,633$11,907$11,223$10,580$9,973$8,997
7 years$10,719$9,999$9,327$8,698$8,111$7,177
8 years$9,285$8,571$7,910$7,297$6,729$5,836
9 years$8,169$7,463$6,813$6,215$5,667$4,816
10 years$7,278$6,578$5,939$5,357$4,828$4,018
11 years$6,549$5,856$5,229$4,663$4,152$3,382
12 years$5,942$5,256$4,641$4,090$3,598$2,867
13 years$5,428$4,750$4,146$3,611$3,138$2,445
14 years$4,989$4,318$3,725$3,205$2,751$2,095
15 years$4,608$3,944$3,363$2,858$2,422$1,802
16 years$4,275$3,619$3,049$2,559$2,141$1,555
17 years$3,982$3,333$2,775$2,300$1,898$1,346
18 years$3,722$3,080$2,533$2,072$1,688$1,167
19 years$3,489$2,854$2,319$1,873$1,504$1,015
20 years$3,280$2,652$2,128$1,696$1,344$884
21 years$3,091$2,470$1,958$1,539$1,202$771
22 years$2,919$2,306$1,804$1,399$1,078$673
23 years$2,763$2,157$1,666$1,275$967$588
24 years$2,619$2,021$1,541$1,162$870$515
25 years$2,488$1,896$1,427$1,062$782$451
26 years$2,367$1,782$1,323$971$705$395
27 years$2,255$1,677$1,229$888$635$347
28 years$2,151$1,581$1,142$814$573$304
29 years$2,054$1,491$1,063$746$518$267
30 years$1,964$1,408$990$685$468$235
31 years$1,880$1,331$923$629$423$206
32 years$1,802$1,260$861$578$383$181
33 years$1,728$1,193$804$532$346$159
34 years$1,659$1,131$751$489$313$140
35 years$1,594$1,072$703$450$284$123
36 years$1,533$1,018$657$415$257$108
37 years$1,475$967$615$382$233$95
38 years$1,420$919$576$352$211$84
39 years$1,368$874$540$325$192$74
40 years$1,319$831$506$300$174$65
41 years$1,273$791$474$276$158$57
42 years$1,229$753$445$255$143$50
43 years$1,187$718$418$235$130$44
44 years$1,147$684$392$217$118$39
45 years$1,108$653$368$201$107$34
46 years$1,072$623$346$185$97$30
47 years$1,037$594$325$171$88$27
48 years$1,004$567$305$158$80$24
49 years$973$542$287$146$73$21
50 years$942$517$270$135$66$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $965,000, adding $4,190 every year, while hoping to spend $31,995 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: 45/27/28 Blend
54$965,000$965,000$965,000$965,000
55$1,067,752$1,016,607$1,001,649$1,106,993
56$1,142,620$1,032,378$1,001,162$1,151,074
57$1,224,053$1,047,850$999,586$1,195,456
58$1,312,685$1,062,974$996,852$1,242,977
59$1,409,217$1,077,698$992,884$1,293,948
60$1,514,419$1,091,966$987,607$1,348,712
61$1,629,137$1,105,720$980,939$1,407,650
62$1,754,304$1,118,895$972,796$1,471,181
63$1,890,946$1,131,424$963,088$1,539,770
64$2,040,194$1,143,235$951,723$1,613,929
65$2,203,290$1,154,251$938,602$1,694,226
66$2,381,605$1,164,388$923,624$1,781,286
67$2,576,646$1,173,560$906,683$1,875,802
68$2,790,072$1,181,673$887,665$1,978,538
69$3,023,712$1,188,628$866,455$2,090,339
70$3,279,579$1,194,318$842,929$2,212,137
71$3,559,888$1,198,633$816,960$2,344,963
72$3,867,082$1,201,451$788,413$2,489,954
73$4,203,848$1,202,645$757,148$2,648,369
74$4,573,148$1,202,082$723,020$2,821,593
75$4,978,241$1,199,617$685,874$3,011,160
76$5,422,722$1,195,098$645,550$3,218,761
77$5,910,545$1,188,363$601,882$3,446,265
78$6,446,070$1,179,242$554,694$3,695,734
79$7,034,097$1,167,553$503,804$3,969,445
80$7,679,914$1,153,102$449,020$4,269,909
81$8,389,347$1,135,686$390,144$4,599,901
82$9,168,813$1,115,087$326,968$4,962,482
83$10,025,384$1,091,078$259,273$5,361,030
84$10,966,847$1,063,415$186,832$5,799,274
85$12,001,784$1,031,841$109,410$6,281,327
86$13,139,649$996,084$26,758$6,811,730
87$14,390,857$955,856$0$7,395,490
88$15,766,883$910,852$0$8,056,493
89$17,280,372$860,750$0$8,792,203
90$18,945,252$805,209$0$9,601,427
91$20,776,871$743,868$0$10,491,673
92$22,792,141$676,347$0$11,471,220
93$25,009,693$602,241$0$12,549,192
94$27,450,057$521,127$0$13,735,648
95$30,135,854$432,553$0$15,041,679
96$33,092,007$336,044$0$16,479,507
97$36,345,981$231,099$0$18,062,610
98$39,928,035$117,187$0$19,805,843
99$43,871,514$0$0$21,725,581
100$48,213,159$0$0$23,841,734