Can I retire at age 54 with 10,000,000?

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 $10,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$825,791$818,435$811,258$804,254$797,414$770,348
2 years$408,807$401,194$393,815$386,660$379,721$352,723
3 years$269,831$262,184$254,824$247,737$240,911$214,829
4 years$200,356$192,733$185,447$178,481$171,819$146,854
5 years$158,683$151,105$143,914$137,090$130,614$106,832
6 years$130,909$123,389$116,304$109,632$103,351$80,769
7 years$111,079$103,622$96,649$90,135$84,052$62,668
8 years$96,213$88,823$81,966$75,612$69,729$49,526
9 years$84,656$77,336$70,598$64,404$58,722$39,675
10 years$75,417$68,168$61,549$55,517$50,034$32,112
11 years$67,862$60,686$54,186$48,317$43,031$26,200
12 years$61,571$54,469$48,089$42,380$37,290$21,510
13 years$56,251$49,224$42,964$37,415$32,517$17,749
14 years$51,696$44,743$38,604$33,213$28,505$14,704
15 years$47,752$40,874$34,854$29,620$25,098$12,222
16 years$44,304$37,501$31,600$26,522$22,181$10,186
17 years$41,265$34,537$28,755$23,830$19,668$8,508
18 years$38,566$31,914$26,250$21,475$17,487$7,120
19 years$36,155$29,577$24,030$19,405$15,587$5,967
20 years$33,987$27,484$22,054$17,575$13,923$5,007
21 years$32,028$25,601$20,285$15,950$12,459$4,205
22 years$30,250$23,897$18,696$14,502$11,168$3,536
23 years$28,629$22,351$17,262$13,208$10,025$2,975
24 years$27,145$20,941$15,965$12,046$9,011$2,504
25 years$25,782$19,652$14,787$11,001$8,108$2,109
26 years$24,525$18,470$13,714$10,059$7,304$1,777
27 years$23,364$17,382$12,734$9,207$6,585$1,498
28 years$22,288$16,379$11,838$8,436$5,942$1,263
29 years$21,288$15,452$11,017$7,736$5,365$1,066
30 years$20,356$14,593$10,262$7,099$4,848$899
31 years$19,486$13,795$9,567$6,520$4,383$758
32 years$18,672$13,053$8,926$5,992$3,965$640
33 years$17,909$12,361$8,334$5,510$3,588$540
34 years$17,192$11,716$7,787$5,070$3,248$456
35 years$16,518$11,112$7,280$4,667$2,942$385
36 years$15,882$10,547$6,810$4,298$2,666$325
37 years$15,283$10,017$6,374$3,960$2,416$274
38 years$14,716$9,520$5,969$3,650$2,190$232
39 years$14,180$9,053$5,593$3,366$1,986$196
40 years$13,672$8,613$5,242$3,105$1,802$165
41 years$13,189$8,199$4,915$2,864$1,635$139
42 years$12,731$7,808$4,611$2,643$1,483$118
43 years$12,296$7,439$4,327$2,440$1,346$99
44 years$11,881$7,091$4,061$2,253$1,222$84
45 years$11,486$6,762$3,813$2,081$1,109$71
46 years$11,110$6,451$3,582$1,922$1,007$60
47 years$10,750$6,156$3,365$1,776$914$51
48 years$10,406$5,877$3,162$1,641$830$43
49 years$10,078$5,612$2,972$1,516$754$36
50 years$9,763$5,361$2,794$1,402$685$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $10,000,000, adding $2,216 every year, while hoping to spend $40,339 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: 87/5/8 Blend
53$10,000,000$10,000,000$10,000,000$10,000,000
54$11,022,286$10,492,286$10,337,286$11,972,299
55$12,103,639$10,963,487$10,640,664$13,063,076
56$13,293,937$11,456,426$10,952,854$14,256,057
57$14,604,252$11,972,124$11,274,108$15,566,048
58$16,046,780$12,511,652$11,604,685$17,004,823
59$17,634,963$13,076,134$11,944,853$18,585,349
60$19,383,609$13,666,745$12,294,886$20,321,908
61$21,309,038$14,284,717$12,655,066$22,230,235
62$23,429,233$14,931,341$13,025,683$24,327,661
63$25,764,008$15,607,969$13,407,037$26,633,280
64$28,335,197$16,316,020$13,799,433$29,168,125
65$31,166,860$17,056,978$14,203,187$31,955,368
66$34,285,509$17,832,400$14,618,623$35,020,533
67$37,720,359$18,643,915$15,046,075$38,391,745
68$41,503,602$19,493,233$15,485,884$42,099,986
69$45,670,712$20,382,144$15,938,404$46,179,389
70$50,260,781$21,312,525$16,403,997$50,667,561
71$55,316,883$22,286,342$16,883,033$55,605,934
72$60,886,487$23,305,655$17,375,897$61,040,158
73$67,021,901$24,372,624$17,882,981$67,020,527
74$73,780,764$25,489,511$18,404,690$73,602,457
75$81,226,593$26,658,689$18,941,439$80,847,002
76$89,429,383$27,882,642$19,493,655$88,821,435
77$98,466,265$29,163,976$20,061,777$97,599,876
78$108,422,234$30,505,421$20,646,256$107,263,996
79$119,390,952$31,909,837$21,247,556$117,903,781
80$131,475,634$33,380,224$21,866,154$129,618,384
81$144,790,018$34,919,723$22,502,539$142,517,055
82$159,459,440$36,531,631$23,157,215$156,720,174
83$175,622,020$38,219,398$23,830,699$172,360,387
84$193,429,962$39,986,644$24,523,523$189,583,850
85$213,050,990$41,837,161$25,236,233$208,551,613
86$234,669,935$43,774,926$25,969,391$229,441,135
87$258,490,476$45,804,106$26,723,573$252,447,959
88$284,737,065$47,929,067$27,499,373$277,787,553
89$313,657,044$50,154,390$28,297,400$305,697,346
90$345,522,980$52,484,872$29,118,280$336,438,962
91$380,635,238$54,925,545$29,962,657$370,300,690
92$419,324,817$57,481,681$30,831,191$407,600,204
93$461,956,474$60,158,809$31,724,561$448,687,558
94$508,932,166$62,962,723$32,643,466$493,948,486
95$560,694,847$65,899,497$33,588,623$543,808,044
96$617,732,648$68,975,498$34,560,767$598,734,617
97$680,583,482$72,197,401$35,560,657$659,244,338
98$749,840,127$75,572,204$36,589,069$725,905,958
99$826,155,820$79,107,242$37,646,803$799,346,213
100$910,250,421$82,810,205$38,734,679$880,255,734