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%19.7%
1 years$825,791$818,435$811,258$804,254$797,414$766,381
2 years$408,807$401,194$393,815$386,660$379,721$348,831
3 years$269,831$262,184$254,824$247,737$240,911$211,135
4 years$200,356$192,733$185,447$178,481$171,819$143,386
5 years$158,683$151,105$143,914$137,090$130,614$103,595
6 years$130,909$123,389$116,304$109,632$103,351$77,764
7 years$111,079$103,622$96,649$90,135$84,052$59,889
8 years$96,213$88,823$81,966$75,612$69,729$46,966
9 years$84,656$77,336$70,598$64,404$58,722$37,326
10 years$75,417$68,168$61,549$55,517$50,034$29,964
11 years$67,862$60,686$54,186$48,317$43,031$24,241
12 years$61,571$54,469$48,089$42,380$37,290$19,730
13 years$56,251$49,224$42,964$37,415$32,517$16,136
14 years$51,696$44,743$38,604$33,213$28,505$13,247
15 years$47,752$40,874$34,854$29,620$25,098$10,909
16 years$44,304$37,501$31,600$26,522$22,181$9,007
17 years$41,265$34,537$28,755$23,830$19,668$7,451
18 years$38,566$31,914$26,250$21,475$17,487$6,175
19 years$36,155$29,577$24,030$19,405$15,587$5,124
20 years$33,987$27,484$22,054$17,575$13,923$4,257
21 years$32,028$25,601$20,285$15,950$12,459$3,540
22 years$30,250$23,897$18,696$14,502$11,168$2,946
23 years$28,629$22,351$17,262$13,208$10,025$2,453
24 years$27,145$20,941$15,965$12,046$9,011$2,044
25 years$25,782$19,652$14,787$11,001$8,108$1,704
26 years$24,525$18,470$13,714$10,059$7,304$1,421
27 years$23,364$17,382$12,734$9,207$6,585$1,185
28 years$22,288$16,379$11,838$8,436$5,942$989
29 years$21,288$15,452$11,017$7,736$5,365$825
30 years$20,356$14,593$10,262$7,099$4,848$689
31 years$19,486$13,795$9,567$6,520$4,383$575
32 years$18,672$13,053$8,926$5,992$3,965$480
33 years$17,909$12,361$8,334$5,510$3,588$401
34 years$17,192$11,716$7,787$5,070$3,248$335
35 years$16,518$11,112$7,280$4,667$2,942$280
36 years$15,882$10,547$6,810$4,298$2,666$233
37 years$15,283$10,017$6,374$3,960$2,416$195
38 years$14,716$9,520$5,969$3,650$2,190$163
39 years$14,180$9,053$5,593$3,366$1,986$136
40 years$13,672$8,613$5,242$3,105$1,802$114
41 years$13,189$8,199$4,915$2,864$1,635$95
42 years$12,731$7,808$4,611$2,643$1,483$79
43 years$12,296$7,439$4,327$2,440$1,346$66
44 years$11,881$7,091$4,061$2,253$1,222$55
45 years$11,486$6,762$3,813$2,081$1,109$46
46 years$11,110$6,451$3,582$1,922$1,007$39
47 years$10,750$6,156$3,365$1,776$914$32
48 years$10,406$5,877$3,162$1,641$830$27
49 years$10,078$5,612$2,972$1,516$754$23
50 years$9,763$5,361$2,794$1,402$685$19

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 $3,149 every year, while hoping to spend $34,436 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: 26/44/30 Blend
53$10,000,000$10,000,000$10,000,000$10,000,000
54$11,023,248$10,493,248$10,338,248$11,206,830
55$12,110,980$10,970,778$10,647,940$11,837,234
56$13,308,506$11,470,552$10,966,852$12,509,971
57$14,626,989$11,993,625$11,295,257$13,231,063
58$16,078,730$12,541,100$11,633,436$14,004,632
59$17,677,281$13,114,135$11,981,677$14,835,185
60$19,437,579$13,713,942$12,340,278$15,727,652
61$21,376,078$14,341,792$12,709,544$16,687,431
62$23,510,915$14,999,016$13,089,790$17,720,429
63$25,862,071$15,687,011$13,481,341$18,833,116
64$28,451,565$16,407,237$13,884,529$20,032,581
65$31,303,662$17,161,230$14,299,698$21,326,588
66$34,445,100$17,950,594$14,727,202$22,723,651
67$37,905,340$18,777,013$15,167,403$24,233,100
68$41,716,851$19,642,253$15,620,677$25,865,169
69$45,915,408$20,548,161$16,087,408$27,631,081
70$50,540,437$21,496,678$16,567,994$29,543,151
71$55,635,380$22,489,835$17,062,840$31,614,889
72$61,248,112$23,529,760$17,572,369$33,861,127
73$67,431,388$24,618,686$18,097,011$36,298,142
74$74,243,340$25,758,953$18,637,212$38,943,811
75$81,748,031$26,953,012$19,193,429$41,817,761
76$90,016,055$28,203,434$19,766,133$44,941,552
77$99,125,203$29,512,912$20,355,809$48,338,866
78$109,161,201$30,884,272$20,962,956$52,035,723
79$120,218,515$32,320,474$21,588,087$56,060,717
80$132,401,246$33,824,619$22,231,730$60,445,269
81$145,824,110$35,399,962$22,894,430$65,223,919
82$160,613,520$37,049,911$23,576,744$70,434,633
83$176,908,784$38,778,042$24,279,250$76,119,155
84$194,863,414$40,588,100$25,002,539$82,323,382
85$214,646,580$42,484,014$25,747,222$89,097,786
86$236,444,702$44,469,902$26,513,925$96,497,877
87$260,463,214$46,550,079$27,303,293$104,584,707
88$286,928,500$48,729,072$28,115,992$113,425,435
89$316,090,034$51,011,623$28,952,705$123,093,941
90$348,222,732$53,402,707$29,814,134$133,671,509
91$383,629,547$55,907,536$30,701,004$145,247,571
92$422,644,332$58,531,577$31,614,060$157,920,538
93$465,634,989$61,280,559$32,554,066$171,798,702
94$513,006,943$64,160,492$33,521,812$187,001,243
95$565,206,968$67,177,672$34,518,110$203,659,331
96$622,727,405$70,338,704$35,543,792$221,917,337
97$686,110,810$73,650,510$36,599,719$241,934,177
98$755,955,076$77,120,349$37,686,773$263,884,783
99$832,919,078$80,755,830$38,805,864$287,961,730
100$917,728,890$84,564,932$39,957,927$314,377,026