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

Use the below retirement simulation to view the chances of a successful retirement.
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%20%
1 years$825,791$818,435$811,258$804,254$797,414$765,474
2 years$408,807$401,194$393,815$386,660$379,721$347,943
3 years$269,831$262,184$254,824$247,737$240,911$210,295
4 years$200,356$192,733$185,447$178,481$171,819$142,599
5 years$158,683$151,105$143,914$137,090$130,614$102,864
6 years$130,909$123,389$116,304$109,632$103,351$77,088
7 years$111,079$103,622$96,649$90,135$84,052$59,266
8 years$96,213$88,823$81,966$75,612$69,729$46,395
9 years$84,656$77,336$70,598$64,404$58,722$36,804
10 years$75,417$68,168$61,549$55,517$50,034$29,488
11 years$67,862$60,686$54,186$48,317$43,031$23,809
12 years$61,571$54,469$48,089$42,380$37,290$19,340
13 years$56,251$49,224$42,964$37,415$32,517$15,784
14 years$51,696$44,743$38,604$33,213$28,505$12,931
15 years$47,752$40,874$34,854$29,620$25,098$10,626
16 years$44,304$37,501$31,600$26,522$22,181$8,754
17 years$41,265$34,537$28,755$23,830$19,668$7,226
18 years$38,566$31,914$26,250$21,475$17,487$5,975
19 years$36,155$29,577$24,030$19,405$15,587$4,947
20 years$33,987$27,484$22,054$17,575$13,923$4,100
21 years$32,028$25,601$20,285$15,950$12,459$3,402
22 years$30,250$23,897$18,696$14,502$11,168$2,824
23 years$28,629$22,351$17,262$13,208$10,025$2,346
24 years$27,145$20,941$15,965$12,046$9,011$1,950
25 years$25,782$19,652$14,787$11,001$8,108$1,622
26 years$24,525$18,470$13,714$10,059$7,304$1,349
27 years$23,364$17,382$12,734$9,207$6,585$1,123
28 years$22,288$16,379$11,838$8,436$5,942$934
29 years$21,288$15,452$11,017$7,736$5,365$778
30 years$20,356$14,593$10,262$7,099$4,848$648
31 years$19,486$13,795$9,567$6,520$4,383$539
32 years$18,672$13,053$8,926$5,992$3,965$449
33 years$17,909$12,361$8,334$5,510$3,588$374
34 years$17,192$11,716$7,787$5,070$3,248$312
35 years$16,518$11,112$7,280$4,667$2,942$260
36 years$15,882$10,547$6,810$4,298$2,666$216
37 years$15,283$10,017$6,374$3,960$2,416$180
38 years$14,716$9,520$5,969$3,650$2,190$150
39 years$14,180$9,053$5,593$3,366$1,986$125
40 years$13,672$8,613$5,242$3,105$1,802$104
41 years$13,189$8,199$4,915$2,864$1,635$87
42 years$12,731$7,808$4,611$2,643$1,483$72
43 years$12,296$7,439$4,327$2,440$1,346$60
44 years$11,881$7,091$4,061$2,253$1,222$50
45 years$11,486$6,762$3,813$2,081$1,109$42
46 years$11,110$6,451$3,582$1,922$1,007$35
47 years$10,750$6,156$3,365$1,776$914$29
48 years$10,406$5,877$3,162$1,641$830$24
49 years$10,078$5,612$2,972$1,516$754$20
50 years$9,763$5,361$2,794$1,402$685$17

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 $5,780 every year, while hoping to spend $32,794 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: 54/41/5 Blend
53$10,000,000$10,000,000$10,000,000$10,000,000
54$11,025,962$10,495,962$10,340,962$11,609,449
55$12,115,718$10,975,372$10,652,492$12,483,368
56$13,315,529$11,477,173$10,973,359$13,429,837
57$14,636,588$12,002,429$11,303,841$14,459,044
58$16,091,225$12,552,253$11,644,224$15,578,823
59$17,693,029$13,127,813$11,994,805$16,797,775
60$19,456,972$13,730,330$12,355,885$18,125,354
61$21,399,554$14,361,087$12,727,779$19,571,944
62$23,538,956$15,021,428$13,110,806$21,148,960
63$25,895,211$15,712,759$13,505,300$22,868,946
64$28,490,395$16,436,557$13,911,600$24,745,690
65$31,348,836$17,194,369$14,330,059$26,794,353
66$34,497,338$17,987,814$14,761,037$29,031,603
67$37,965,442$18,818,592$15,204,907$31,475,767
68$41,785,697$19,688,483$15,662,052$34,147,002
69$45,993,974$20,599,355$16,132,866$37,067,476
70$50,629,798$21,553,162$16,617,756$40,261,572
71$55,736,726$22,551,955$17,117,139$43,756,114
72$61,362,756$23,597,885$17,631,447$47,580,611
73$67,560,778$24,693,202$18,161,122$51,767,529
74$74,389,078$25,840,269$18,706,619$56,352,592
75$81,911,883$27,041,562$19,268,410$61,375,109
76$90,199,970$28,299,673$19,846,977$66,878,340
77$99,331,334$29,617,324$20,442,818$72,909,893
78$109,391,923$30,997,366$21,056,445$79,522,166
79$120,476,448$32,442,786$21,688,386$86,772,834
80$132,689,282$33,956,719$22,339,182$94,725,382
81$146,145,438$35,542,447$23,009,394$103,449,694
82$160,971,660$37,203,415$23,699,596$113,022,703
83$177,307,618$38,943,230$24,410,381$123,529,107
84$195,307,224$40,765,678$25,142,358$135,062,155
85$215,140,088$42,674,723$25,896,154$147,724,517
86$236,993,117$44,674,525$26,672,416$161,629,240
87$261,072,280$46,769,442$27,471,807$176,900,801
88$287,604,553$48,964,045$28,295,013$193,676,270
89$316,840,060$51,263,125$29,142,738$212,106,588
90$349,054,433$53,671,705$30,015,706$232,357,976
91$384,551,417$56,195,051$30,914,665$254,613,491
92$423,665,737$58,838,684$31,840,381$279,074,735
93$466,766,255$61,608,392$32,793,647$305,963,742
94$514,259,454$64,510,245$33,775,276$335,525,052
95$566,593,276$67,550,604$34,786,104$368,028,008
96$624,261,347$70,736,140$35,826,995$403,769,271
97$687,807,641$74,073,848$36,898,837$443,075,603
98$757,831,613$77,571,060$38,002,541$486,306,930
99$834,993,860$81,235,464$39,139,049$533,859,713
100$920,022,355$85,075,122$40,309,327$586,170,672