Can I retire at age 65 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$78,863$78,161$77,475$76,806$76,153$75,768
2 years$39,041$38,314$37,609$36,926$36,263$35,875
3 years$25,769$25,039$24,336$23,659$23,007$22,627
4 years$19,134$18,406$17,710$17,045$16,409$16,040
5 years$15,154$14,431$13,744$13,092$12,474$12,118
6 years$12,502$11,784$11,107$10,470$9,870$9,527
7 years$10,608$9,896$9,230$8,608$8,027$7,697
8 years$9,188$8,483$7,828$7,221$6,659$6,343
9 years$8,085$7,386$6,742$6,151$5,608$5,304
10 years$7,202$6,510$5,878$5,302$4,778$4,488
11 years$6,481$5,796$5,175$4,614$4,109$3,832
12 years$5,880$5,202$4,592$4,047$3,561$3,296
13 years$5,372$4,701$4,103$3,573$3,105$2,852
14 years$4,937$4,273$3,687$3,172$2,722$2,481
15 years$4,560$3,903$3,329$2,829$2,397$2,167
16 years$4,231$3,581$3,018$2,533$2,118$1,900
17 years$3,941$3,298$2,746$2,276$1,878$1,671
18 years$3,683$3,048$2,507$2,051$1,670$1,474
19 years$3,453$2,825$2,295$1,853$1,489$1,302
20 years$3,246$2,625$2,106$1,678$1,330$1,153
21 years$3,059$2,445$1,937$1,523$1,190$1,023
22 years$2,889$2,282$1,785$1,385$1,067$909
23 years$2,734$2,134$1,649$1,261$957$809
24 years$2,592$2,000$1,525$1,150$861$720
25 years$2,462$1,877$1,412$1,051$774$642
26 years$2,342$1,764$1,310$961$697$573
27 years$2,231$1,660$1,216$879$629$512
28 years$2,128$1,564$1,131$806$567$458
29 years$2,033$1,476$1,052$739$512$409
30 years$1,944$1,394$980$678$463$366
31 years$1,861$1,317$914$623$419$328
32 years$1,783$1,247$852$572$379$294
33 years$1,710$1,181$796$526$343$263
34 years$1,642$1,119$744$484$310$236
35 years$1,577$1,061$695$446$281$212
36 years$1,517$1,007$650$411$255$190
37 years$1,460$957$609$378$231$170
38 years$1,405$909$570$349$209$153
39 years$1,354$865$534$321$190$137
40 years$1,306$823$501$296$172$123
41 years$1,260$783$469$274$156$111
42 years$1,216$746$440$252$142$99
43 years$1,174$710$413$233$129$89
44 years$1,135$677$388$215$117$80
45 years$1,097$646$364$199$106$72
46 years$1,061$616$342$184$96$65
47 years$1,027$588$321$170$87$58
48 years$994$561$302$157$79$52
49 years$962$536$284$145$72$47
50 years$932$512$267$134$65$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $955,000, adding $4,938 every year, while hoping to spend $52,754 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: 42/36/22 Blend
64$955,000$955,000$955,000$955,000
65$1,057,504$1,006,889$992,086$1,094,921
66$1,109,239$1,000,096$969,191$1,115,250
67$1,164,484$991,203$943,761$1,131,799
68$1,223,539$980,050$915,655$1,148,654
69$1,286,737$966,470$884,727$1,165,871
70$1,354,441$950,283$850,822$1,183,517
71$1,427,049$931,302$813,779$1,201,668
72$1,504,998$909,326$773,431$1,220,414
73$1,588,768$884,144$729,602$1,239,855
74$1,678,887$855,531$682,107$1,260,110
75$1,775,931$823,249$630,755$1,281,313
76$1,880,536$787,049$575,346$1,303,618
77$1,993,400$746,664$515,669$1,327,200
78$2,115,289$701,813$451,507$1,352,258
79$2,247,046$652,199$382,630$1,379,017
80$2,389,596$597,508$308,799$1,407,734
81$2,543,956$537,407$229,765$1,438,697
82$2,711,246$471,546$145,268$1,472,233
83$2,892,695$399,554$55,037$1,508,709
84$3,089,657$321,039$0$1,548,539
85$3,303,618$235,586$0$1,601,873
86$3,536,217$142,759$0$1,673,965
87$3,789,252$42,096$0$1,752,541
88$4,064,707$0$0$1,838,334
89$4,364,759$0$0$1,958,655
90$4,691,809$0$0$2,108,088
91$5,048,495$0$0$2,271,178
92$5,437,725$0$0$2,449,266
93$5,862,696$0$0$2,643,833
94$6,326,929$0$0$2,856,504
95$6,834,300$0$0$3,089,073
96$7,389,077$0$0$3,343,511
97$7,995,958$0$0$3,621,992
98$8,660,117$0$0$3,926,907
99$9,387,250$0$0$4,260,891
100$10,183,630$0$0$4,626,844