Can I retire at age 54 with 10,100,000?

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 $10,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$834,049$826,619$819,371$812,296$805,388$798,307
2 years$412,895$405,206$397,753$390,527$383,518$376,382
3 years$272,529$264,806$257,372$250,214$243,320$236,350
4 years$202,360$194,661$187,301$180,265$173,538$166,789
5 years$160,269$152,616$145,353$138,461$131,921$125,412
6 years$132,218$124,623$117,467$110,728$104,384$98,124
7 years$112,190$104,658$97,616$91,036$84,892$78,883
8 years$97,175$89,711$82,786$76,368$70,426$64,668
9 years$85,503$78,110$71,303$65,048$59,309$53,800
10 years$76,171$68,850$62,164$56,072$50,534$45,271
11 years$68,540$61,293$54,728$48,800$43,461$38,440
12 years$62,186$55,013$48,570$42,804$37,663$32,879
13 years$56,814$49,716$43,394$37,789$32,843$28,290
14 years$52,213$45,190$38,990$33,545$28,790$24,463
15 years$48,229$41,282$35,202$29,917$25,349$21,242
16 years$44,747$37,876$31,916$26,787$22,403$18,510
17 years$41,677$34,882$29,042$24,068$19,864$16,177
18 years$38,952$32,233$26,512$21,690$17,662$14,175
19 years$36,516$29,873$24,270$19,599$15,743$12,448
20 years$34,327$27,759$22,274$17,750$14,062$10,952
21 years$32,348$25,857$20,488$16,110$12,584$9,652
22 years$30,552$24,136$18,883$14,647$11,280$8,518
23 years$28,915$22,574$17,435$13,340$10,125$7,527
24 years$27,416$21,151$16,124$12,167$9,101$6,658
25 years$26,039$19,849$14,934$11,111$8,189$5,896
26 years$24,771$18,655$13,851$10,159$7,377$5,225
27 years$23,598$17,556$12,862$9,299$6,651$4,634
28 years$22,511$16,543$11,957$8,520$6,001$4,112
29 years$21,500$15,607$11,127$7,813$5,419$3,652
30 years$20,559$14,739$10,364$7,170$4,896$3,244
31 years$19,680$13,933$9,662$6,586$4,427$2,884
32 years$18,858$13,183$9,015$6,052$4,004$2,564
33 years$18,088$12,485$8,417$5,566$3,624$2,281
34 years$17,364$11,833$7,865$5,121$3,281$2,030
35 years$16,683$11,223$7,353$4,714$2,972$1,806
36 years$16,041$10,653$6,878$4,341$2,692$1,608
37 years$15,436$10,117$6,438$4,000$2,440$1,432
38 years$14,863$9,615$6,029$3,687$2,212$1,275
39 years$14,322$9,143$5,649$3,400$2,006$1,136
40 years$13,808$8,699$5,294$3,136$1,820$1,012
41 years$13,321$8,281$4,964$2,893$1,651$902
42 years$12,859$7,886$4,657$2,670$1,498$804
43 years$12,419$7,514$4,370$2,465$1,360$716
44 years$12,000$7,162$4,102$2,276$1,234$639
45 years$11,601$6,830$3,851$2,102$1,120$569
46 years$11,221$6,515$3,617$1,941$1,017$507
47 years$10,858$6,218$3,398$1,794$924$452
48 years$10,511$5,936$3,194$1,657$839$403
49 years$10,179$5,668$3,002$1,532$762$360
50 years$9,861$5,415$2,822$1,416$692$321

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $10,100,000, adding $5,042 every year, while hoping to spend $22,157 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: 60/15/25 Blend
53$10,100,000$10,100,000$10,100,000$10,100,000
54$11,135,401$10,600,101$10,443,551$11,728,605
55$12,247,637$11,095,931$10,769,835$12,628,552
56$13,472,578$11,615,314$11,106,307$13,607,201
57$14,821,698$12,159,381$11,453,285$14,674,557
58$16,307,637$12,729,317$11,811,096$15,839,250
59$17,944,328$13,326,365$12,180,079$17,110,774
60$19,747,120$13,951,827$12,560,583$18,499,574
61$21,732,930$14,607,070$12,952,966$20,017,142
62$23,920,397$15,293,526$13,357,599$21,676,126
63$26,330,064$16,012,695$13,774,865$23,490,441
64$28,984,565$16,766,152$14,205,157$25,475,404
65$31,908,844$17,555,546$14,648,883$27,647,871
66$35,130,386$18,382,608$15,106,461$30,026,398
67$38,679,482$19,249,152$15,578,323$32,631,408
68$42,589,507$20,157,078$16,064,915$35,485,385
69$46,897,244$21,108,382$16,566,697$38,613,081
70$51,643,223$22,105,153$17,084,142$42,041,748
71$56,872,110$23,149,584$17,617,738$45,801,388
72$62,633,123$24,243,972$18,167,991$49,925,037
73$68,980,502$25,390,727$18,735,419$54,449,072
74$75,974,016$26,592,375$19,320,558$59,413,548
75$83,679,529$27,851,565$19,923,960$64,862,574
76$92,169,624$29,171,074$20,546,196$70,844,725
77$101,524,284$30,553,815$21,187,852$77,413,498
78$111,831,650$32,002,842$21,849,534$84,627,808
79$123,188,852$33,521,355$22,531,867$92,552,543
80$135,702,926$35,112,712$23,235,495$101,259,168
81$149,491,822$36,780,433$23,961,083$110,826,400
82$164,685,523$38,528,209$24,709,314$121,340,940
83$181,427,265$40,359,910$25,480,895$132,898,288
84$199,874,896$42,279,595$26,276,554$145,603,638
85$220,202,359$44,291,519$27,097,043$159,572,867
86$242,601,341$46,400,145$27,943,135$174,933,620
87$267,283,077$48,610,151$28,815,629$191,826,508
88$294,480,346$50,926,444$29,715,348$210,406,430
89$324,449,670$53,354,168$30,643,141$230,844,028
90$357,473,734$55,898,720$31,599,883$253,327,286
91$393,864,053$58,565,755$32,586,478$278,063,304
92$433,963,917$61,361,208$33,603,855$305,280,237
93$478,151,628$64,291,298$34,652,976$335,229,448
94$526,844,071$67,362,549$35,734,828$368,187,862
95$580,500,655$70,581,803$36,850,433$404,460,581
96$639,627,643$73,956,232$38,000,844$444,383,746
97$704,782,935$77,493,360$39,187,144$488,327,707
98$776,581,335$81,201,075$40,410,454$536,700,500
99$855,700,353$85,087,650$41,671,927$589,951,698
100$942,886,605$89,161,761$42,972,752$648,576,633