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%11.3%
1 years$79,689$78,979$78,286$77,610$76,950$76,530
2 years$39,450$38,715$38,003$37,313$36,643$36,218
3 years$26,039$25,301$24,591$23,907$23,248$22,833
4 years$19,334$18,599$17,896$17,223$16,581$16,178
5 years$15,313$14,582$13,888$13,229$12,604$12,215
6 years$12,633$11,907$11,223$10,580$9,973$9,599
7 years$10,719$9,999$9,327$8,698$8,111$7,751
8 years$9,285$8,571$7,910$7,297$6,729$6,383
9 years$8,169$7,463$6,813$6,215$5,667$5,335
10 years$7,278$6,578$5,939$5,357$4,828$4,511
11 years$6,549$5,856$5,229$4,663$4,152$3,849
12 years$5,942$5,256$4,641$4,090$3,598$3,309
13 years$5,428$4,750$4,146$3,611$3,138$2,862
14 years$4,989$4,318$3,725$3,205$2,751$2,488
15 years$4,608$3,944$3,363$2,858$2,422$2,172
16 years$4,275$3,619$3,049$2,559$2,141$1,903
17 years$3,982$3,333$2,775$2,300$1,898$1,672
18 years$3,722$3,080$2,533$2,072$1,688$1,473
19 years$3,489$2,854$2,319$1,873$1,504$1,301
20 years$3,280$2,652$2,128$1,696$1,344$1,152
21 years$3,091$2,470$1,958$1,539$1,202$1,021
22 years$2,919$2,306$1,804$1,399$1,078$906
23 years$2,763$2,157$1,666$1,275$967$806
24 years$2,619$2,021$1,541$1,162$870$717
25 years$2,488$1,896$1,427$1,062$782$639
26 years$2,367$1,782$1,323$971$705$570
27 years$2,255$1,677$1,229$888$635$509
28 years$2,151$1,581$1,142$814$573$454
29 years$2,054$1,491$1,063$746$518$406
30 years$1,964$1,408$990$685$468$363
31 years$1,880$1,331$923$629$423$325
32 years$1,802$1,260$861$578$383$291
33 years$1,728$1,193$804$532$346$260
34 years$1,659$1,131$751$489$313$233
35 years$1,594$1,072$703$450$284$209
36 years$1,533$1,018$657$415$257$187
37 years$1,475$967$615$382$233$168
38 years$1,420$919$576$352$211$151
39 years$1,368$874$540$325$192$135
40 years$1,319$831$506$300$174$121
41 years$1,273$791$474$276$158$109
42 years$1,229$753$445$255$143$97
43 years$1,187$718$418$235$130$87
44 years$1,147$684$392$217$118$79
45 years$1,108$653$368$201$107$70
46 years$1,072$623$346$185$97$63
47 years$1,037$594$325$171$88$57
48 years$1,004$567$305$158$80$51
49 years$973$542$287$146$73$46
50 years$942$517$270$135$66$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $965,000, adding $2,696 every year, while hoping to spend $21,783 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: 45/30/25 Blend
54$965,000$965,000$965,000$965,000
55$1,066,211$1,015,066$1,000,108$1,106,386
56$1,151,787$1,041,627$1,010,435$1,161,641
57$1,245,363$1,068,760$1,020,378$1,219,203
58$1,347,730$1,096,469$1,029,900$1,281,199
59$1,459,761$1,124,759$1,038,965$1,348,054
60$1,582,419$1,153,634$1,047,532$1,420,236
61$1,716,761$1,183,098$1,055,560$1,498,260
62$1,863,953$1,213,152$1,063,004$1,582,693
63$2,025,280$1,243,800$1,069,818$1,674,161
64$2,202,155$1,275,043$1,075,953$1,773,353
65$2,396,135$1,306,880$1,081,358$1,881,028
66$2,608,937$1,339,313$1,085,979$1,998,023
67$2,842,448$1,372,339$1,089,760$2,125,261
68$3,098,751$1,405,957$1,092,640$2,263,756
69$3,380,137$1,440,163$1,094,557$2,414,628
70$3,689,133$1,474,952$1,095,446$2,579,112
71$4,028,518$1,510,319$1,095,238$2,758,567
72$4,401,359$1,546,256$1,093,860$2,954,493
73$4,811,030$1,582,755$1,091,236$3,168,540
74$5,261,251$1,619,806$1,087,288$3,402,529
75$5,756,118$1,657,396$1,081,932$3,658,468
76$6,300,146$1,695,512$1,075,081$3,938,566
77$6,898,307$1,734,138$1,066,642$4,245,263
78$7,556,080$1,773,257$1,056,520$4,581,245
79$8,279,501$1,812,848$1,044,615$4,949,473
80$9,075,222$1,852,889$1,030,821$5,353,210
81$9,950,569$1,893,355$1,015,028$5,796,055
82$10,913,616$1,934,219$997,121$6,281,973
83$11,973,259$1,975,450$976,979$6,815,334
84$13,139,299$2,017,014$954,475$7,400,955
85$14,422,536$2,058,876$929,478$8,044,147
86$15,834,867$2,100,994$901,848$8,750,762
87$17,389,406$2,143,324$871,442$9,527,250
88$19,100,597$2,185,820$838,108$10,380,723
89$20,984,361$2,228,428$801,687$11,319,016
90$23,058,237$2,271,092$762,015$12,350,767
91$25,341,553$2,313,751$718,918$13,485,497
92$27,855,605$2,356,338$672,216$14,733,700
93$30,623,861$2,398,783$621,719$16,106,942
94$33,672,179$2,441,007$567,230$17,617,971
95$37,029,052$2,482,928$508,544$19,280,838
96$40,725,880$2,524,456$445,445$21,111,029
97$44,797,260$2,565,495$377,707$23,125,614
98$49,281,317$2,605,940$305,097$25,343,405
99$54,220,062$2,645,682$227,368$27,785,137
100$59,659,788$2,684,600$144,265$30,473,665