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%13.8%
1 years$79,689$78,979$78,286$77,610$76,950$75,738
2 years$39,450$38,715$38,003$37,313$36,643$35,425
3 years$26,039$25,301$24,591$23,907$23,248$22,061
4 years$19,334$18,599$17,896$17,223$16,581$15,435
5 years$15,313$14,582$13,888$13,229$12,604$11,503
6 years$12,633$11,907$11,223$10,580$9,973$8,918
7 years$10,719$9,999$9,327$8,698$8,111$7,102
8 years$9,285$8,571$7,910$7,297$6,729$5,766
9 years$8,169$7,463$6,813$6,215$5,667$4,749
10 years$7,278$6,578$5,939$5,357$4,828$3,955
11 years$6,549$5,856$5,229$4,663$4,152$3,323
12 years$5,942$5,256$4,641$4,090$3,598$2,812
13 years$5,428$4,750$4,146$3,611$3,138$2,393
14 years$4,989$4,318$3,725$3,205$2,751$2,046
15 years$4,608$3,944$3,363$2,858$2,422$1,756
16 years$4,275$3,619$3,049$2,559$2,141$1,512
17 years$3,982$3,333$2,775$2,300$1,898$1,306
18 years$3,722$3,080$2,533$2,072$1,688$1,130
19 years$3,489$2,854$2,319$1,873$1,504$980
20 years$3,280$2,652$2,128$1,696$1,344$852
21 years$3,091$2,470$1,958$1,539$1,202$741
22 years$2,919$2,306$1,804$1,399$1,078$646
23 years$2,763$2,157$1,666$1,275$967$563
24 years$2,619$2,021$1,541$1,162$870$492
25 years$2,488$1,896$1,427$1,062$782$430
26 years$2,367$1,782$1,323$971$705$376
27 years$2,255$1,677$1,229$888$635$329
28 years$2,151$1,581$1,142$814$573$288
29 years$2,054$1,491$1,063$746$518$252
30 years$1,964$1,408$990$685$468$221
31 years$1,880$1,331$923$629$423$194
32 years$1,802$1,260$861$578$383$170
33 years$1,728$1,193$804$532$346$149
34 years$1,659$1,131$751$489$313$131
35 years$1,594$1,072$703$450$284$115
36 years$1,533$1,018$657$415$257$101
37 years$1,475$967$615$382$233$88
38 years$1,420$919$576$352$211$77
39 years$1,368$874$540$325$192$68
40 years$1,319$831$506$300$174$60
41 years$1,273$791$474$276$158$52
42 years$1,229$753$445$255$143$46
43 years$1,187$718$418$235$130$40
44 years$1,147$684$392$217$118$36
45 years$1,108$653$368$201$107$31
46 years$1,072$623$346$185$97$27
47 years$1,037$594$325$171$88$24
48 years$1,004$567$305$158$80$21
49 years$973$542$287$146$73$19
50 years$942$517$270$135$66$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $965,000, adding $3,417 every year, while hoping to spend $57,305 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: 61/13/26 Blend
54$965,000$965,000$965,000$965,000
55$1,066,955$1,015,810$1,000,852$1,124,421
56$1,114,812$1,004,612$973,409$1,152,676
57$1,165,630$990,946$943,125$1,176,984
58$1,219,651$974,628$909,846$1,202,283
59$1,277,138$955,467$873,408$1,228,681
60$1,338,380$933,260$833,642$1,256,298
61$1,403,696$907,790$790,370$1,285,272
62$1,473,430$878,830$743,405$1,315,753
63$1,547,964$846,137$692,553$1,347,912
64$1,627,715$809,455$637,612$1,381,941
65$1,713,138$768,515$578,368$1,418,052
66$1,804,736$723,030$514,601$1,456,484
67$1,903,057$672,697$446,079$1,497,504
68$2,008,706$617,196$372,559$1,541,408
69$2,122,344$556,189$293,790$1,588,528
70$2,244,699$489,318$209,508$1,639,233
71$2,376,570$416,206$119,438$1,693,935
72$2,518,833$336,453$23,292$1,753,092
73$2,672,452$249,637$0$1,817,214
74$2,838,486$155,314$0$1,908,871
75$3,018,099$53,012$0$2,015,018
76$3,212,571$0$0$2,129,976
77$3,423,307$0$0$2,262,883
78$3,651,855$0$0$2,415,310
79$3,899,915$0$0$2,580,815
80$4,169,357$0$0$2,760,655
81$4,462,239$0$0$2,956,211
82$4,780,825$0$0$3,169,004
83$5,127,606$0$0$3,400,707
84$5,505,320$0$0$3,653,159
85$5,916,984$0$0$3,928,388
86$6,365,917$0$0$4,228,622
87$6,855,772$0$0$4,556,316
88$7,390,568$0$0$4,914,170
89$7,974,731$0$0$5,305,158
90$8,613,135$0$0$5,732,554
91$9,311,143$0$0$6,199,962
92$10,074,661$0$0$6,711,350
93$10,910,192$0$0$7,271,088
94$11,824,896$0$0$7,883,987
95$12,826,659$0$0$8,555,346
96$13,924,164$0$0$9,291,000
97$15,126,973$0$0$10,097,376
98$16,445,620$0$0$10,981,552
99$17,891,702$0$0$11,951,321
100$19,477,997$0$0$13,015,272