Can I retire at age 55 with 965,000?

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 $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%18.3%
1 years$79,689$78,979$78,286$77,610$76,950$74,368
2 years$39,450$38,715$38,003$37,313$36,643$34,067
3 years$26,039$25,301$24,591$23,907$23,248$20,759
4 years$19,334$18,599$17,896$17,223$16,581$14,198
5 years$15,313$14,582$13,888$13,229$12,604$10,334
6 years$12,633$11,907$11,223$10,580$9,973$7,817
7 years$10,719$9,999$9,327$8,698$8,111$6,069
8 years$9,285$8,571$7,910$7,297$6,729$4,799
9 years$8,169$7,463$6,813$6,215$5,667$3,847
10 years$7,278$6,578$5,939$5,357$4,828$3,115
11 years$6,549$5,856$5,229$4,663$4,152$2,543
12 years$5,942$5,256$4,641$4,090$3,598$2,090
13 years$5,428$4,750$4,146$3,611$3,138$1,725
14 years$4,989$4,318$3,725$3,205$2,751$1,430
15 years$4,608$3,944$3,363$2,858$2,422$1,190
16 years$4,275$3,619$3,049$2,559$2,141$992
17 years$3,982$3,333$2,775$2,300$1,898$829
18 years$3,722$3,080$2,533$2,072$1,688$695
19 years$3,489$2,854$2,319$1,873$1,504$583
20 years$3,280$2,652$2,128$1,696$1,344$489
21 years$3,091$2,470$1,958$1,539$1,202$411
22 years$2,919$2,306$1,804$1,399$1,078$346
23 years$2,763$2,157$1,666$1,275$967$291
24 years$2,619$2,021$1,541$1,162$870$245
25 years$2,488$1,896$1,427$1,062$782$207
26 years$2,367$1,782$1,323$971$705$174
27 years$2,255$1,677$1,229$888$635$147
28 years$2,151$1,581$1,142$814$573$124
29 years$2,054$1,491$1,063$746$518$105
30 years$1,964$1,408$990$685$468$89
31 years$1,880$1,331$923$629$423$75
32 years$1,802$1,260$861$578$383$63
33 years$1,728$1,193$804$532$346$53
34 years$1,659$1,131$751$489$313$45
35 years$1,594$1,072$703$450$284$38
36 years$1,533$1,018$657$415$257$32
37 years$1,475$967$615$382$233$27
38 years$1,420$919$576$352$211$23
39 years$1,368$874$540$325$192$19
40 years$1,319$831$506$300$174$16
41 years$1,273$791$474$276$158$14
42 years$1,229$753$445$255$143$12
43 years$1,187$718$418$235$130$10
44 years$1,147$684$392$217$118$8
45 years$1,108$653$368$201$107$7
46 years$1,072$623$346$185$97$6
47 years$1,037$594$325$171$88$5
48 years$1,004$567$305$158$80$4
49 years$973$542$287$146$73$4
50 years$942$517$270$135$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $965,000, adding $4,545 every year, while hoping to spend $30,089 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: 43/35/22 Blend
54$965,000$965,000$965,000$965,000
55$1,068,118$1,016,973$1,002,016$1,107,028
56$1,145,052$1,034,790$1,003,569$1,152,888
57$1,228,824$1,052,472$1,004,165$1,199,281
58$1,320,101$1,069,980$1,003,742$1,248,936
59$1,419,615$1,087,273$1,002,231$1,302,171
60$1,528,173$1,104,307$999,563$1,359,335
61$1,646,662$1,121,033$995,664$1,420,815
62$1,776,059$1,137,401$990,456$1,487,037
63$1,917,441$1,153,357$983,860$1,558,474
64$2,071,990$1,168,842$975,789$1,635,644
65$2,241,010$1,183,793$966,156$1,719,124
66$2,425,938$1,198,143$954,866$1,809,546
67$2,628,353$1,211,822$941,824$1,907,613
68$2,849,996$1,224,752$926,926$2,014,098
69$3,092,783$1,236,852$910,066$2,129,855
70$3,358,826$1,248,037$891,131$2,255,826
71$3,650,448$1,258,212$870,006$2,393,053
72$3,970,210$1,267,281$846,567$2,542,685
73$4,320,930$1,275,137$820,687$2,705,991
74$4,705,716$1,281,670$792,231$2,884,371
75$5,127,988$1,286,760$761,059$3,079,371
76$5,591,513$1,290,282$727,025$3,292,696
77$6,100,443$1,292,101$689,976$3,526,230
78$6,659,350$1,292,076$649,752$3,782,050
79$7,273,270$1,290,053$606,184$4,062,450
80$7,947,751$1,285,874$559,100$4,369,961
81$8,688,907$1,279,367$508,315$4,707,374
82$9,503,471$1,270,352$453,639$5,077,771
83$10,398,862$1,258,636$394,872$5,484,553
84$11,383,253$1,244,016$331,808$5,931,469
85$12,465,649$1,226,277$264,227$6,422,658
86$13,655,969$1,205,189$191,903$6,962,687
87$14,965,146$1,180,511$114,600$7,556,591
88$16,405,221$1,151,986$32,069$8,209,928
89$17,989,464$1,119,343$0$8,928,825
90$19,732,492$1,082,294$0$9,733,192
91$21,650,415$1,040,535$0$10,626,227
92$23,760,980$993,744$0$11,608,685
93$26,083,742$941,580$0$12,689,708
94$28,640,249$883,683$0$13,879,372
95$31,454,243$819,672$0$15,188,789
96$34,551,884$749,144$0$16,630,205
97$37,961,998$671,674$0$18,217,124
98$41,716,347$586,810$0$19,964,430
99$45,849,929$494,079$0$21,888,533
100$50,401,310$392,977$0$24,007,523