Can I retire at age 54 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$850,564$842,988$835,596$828,381$821,336$801,156
2 years$421,071$413,229$405,629$398,260$391,113$370,905
3 years$277,926$270,050$262,469$255,169$248,138$228,536
4 years$206,367$198,515$191,010$183,835$176,974$158,128
5 years$163,443$155,638$148,232$141,203$134,533$116,496
6 years$134,836$127,090$119,793$112,921$106,451$89,241
7 years$114,411$106,730$99,549$92,839$86,573$70,191
8 years$99,099$91,488$84,425$77,880$71,821$56,261
9 years$87,196$79,656$72,715$66,337$60,484$45,732
10 years$77,679$70,213$63,395$57,183$51,535$37,575
11 years$69,898$62,507$55,812$49,766$44,322$31,134
12 years$63,418$56,103$49,532$43,652$38,408$25,969
13 years$57,939$50,700$44,253$38,538$33,493$21,779
14 years$53,247$46,085$39,762$34,210$29,360$18,345
15 years$49,184$42,100$35,900$30,509$25,851$15,508
16 years$45,633$38,626$32,548$27,317$22,847$13,150
17 years$42,503$35,573$29,618$24,544$20,258$11,178
18 years$39,723$32,871$27,037$22,120$18,012$9,522
19 years$37,239$30,464$24,751$19,987$16,055$8,125
20 years$35,006$28,309$22,715$18,102$14,340$6,944
21 years$32,989$26,369$20,894$16,429$12,833$5,942
22 years$31,157$24,614$19,257$14,937$11,503$5,089
23 years$29,487$23,021$17,780$13,604$10,326$4,364
24 years$27,959$21,569$16,444$12,407$9,281$3,744
25 years$26,555$20,242$15,230$11,331$8,351$3,215
26 years$25,261$19,024$14,125$10,361$7,523$2,762
27 years$24,065$17,904$13,116$9,483$6,782$2,374
28 years$22,956$16,871$12,193$8,689$6,120$2,041
29 years$21,926$15,916$11,347$7,968$5,526$1,756
30 years$20,966$15,031$10,569$7,312$4,993$1,511
31 years$20,070$14,209$9,854$6,716$4,514$1,300
32 years$19,232$13,444$9,194$6,172$4,083$1,119
33 years$18,446$12,732$8,584$5,676$3,696$964
34 years$17,708$12,067$8,020$5,222$3,346$830
35 years$17,013$11,446$7,499$4,807$3,030$715
36 years$16,359$10,863$7,015$4,427$2,746$616
37 years$15,741$10,318$6,566$4,079$2,489$530
38 years$15,158$9,806$6,148$3,760$2,256$457
39 years$14,605$9,324$5,760$3,467$2,046$394
40 years$14,082$8,871$5,399$3,198$1,856$339
41 years$13,585$8,445$5,063$2,950$1,684$292
42 years$13,113$8,042$4,749$2,723$1,528$252
43 years$12,665$7,663$4,456$2,513$1,386$217
44 years$12,238$7,304$4,183$2,321$1,258$187
45 years$11,831$6,965$3,928$2,143$1,142$161
46 years$11,443$6,644$3,689$1,980$1,037$139
47 years$11,073$6,341$3,466$1,829$942$120
48 years$10,719$6,053$3,257$1,690$855$103
49 years$10,380$5,780$3,061$1,562$777$89
50 years$10,056$5,522$2,878$1,444$706$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $10,300,000, adding $4,526 every year, while hoping to spend $57,375 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: 54/25/21 Blend
53$10,300,000$10,300,000$10,300,000$10,300,000
54$11,355,269$10,809,369$10,649,719$11,903,065
55$12,452,459$11,277,981$10,945,438$12,747,943
56$13,659,641$11,767,633$11,249,140$13,660,781
57$14,987,971$12,279,294$11,561,033$14,653,266
58$16,449,745$12,813,980$11,881,329$15,733,027
59$18,058,509$13,372,755$12,210,244$16,908,452
60$19,829,191$13,956,734$12,548,001$18,188,765
61$21,778,236$14,567,082$12,894,827$19,584,107
62$23,923,768$15,205,020$13,250,955$21,105,634
63$26,285,755$15,871,829$13,616,624$22,765,616
64$28,886,200$16,568,847$13,992,079$24,577,552
65$31,749,348$17,297,476$14,377,570$26,556,292
66$34,901,916$18,059,186$14,773,352$28,718,173
67$38,373,340$18,855,515$15,179,688$31,081,176
68$42,196,059$19,688,074$15,596,847$33,665,084
69$46,405,819$20,558,551$16,025,102$36,491,671
70$51,042,005$21,468,712$16,464,736$39,584,899
71$56,148,020$22,420,410$16,916,035$42,971,144
72$61,771,690$23,415,582$17,379,294$46,679,440
73$67,965,716$24,456,259$17,854,814$50,741,746
74$74,788,172$25,544,570$18,342,904$55,193,245
75$82,303,053$26,682,740$18,843,878$60,072,672
76$90,580,876$27,873,106$19,358,060$65,422,673
77$99,699,348$29,118,111$19,885,778$71,290,204
78$109,744,100$30,420,317$20,427,370$77,726,966
79$120,809,492$31,782,407$20,983,181$84,789,890
80$132,999,507$33,207,191$21,553,564$92,541,667
81$146,428,727$34,697,614$22,138,879$101,051,336
82$161,223,421$36,256,761$22,739,495$110,394,924
83$177,522,731$37,887,864$23,355,789$120,656,161
84$195,479,989$39,594,308$23,988,147$131,927,266
85$215,264,159$41,379,640$24,636,961$144,309,800
86$237,061,439$43,247,579$25,302,636$157,915,630
87$261,077,012$45,202,016$25,985,580$172,867,965
88$287,536,986$47,247,034$26,686,216$189,302,521
89$316,690,526$49,386,906$27,404,971$207,368,784
90$348,812,207$51,626,112$28,142,285$227,231,419
91$384,204,606$53,969,345$28,898,606$249,071,812
92$423,201,157$56,421,524$29,674,390$273,089,772
93$466,169,298$58,987,801$30,470,105$299,505,408
94$513,513,940$61,673,577$31,286,227$328,561,194
95$565,681,290$64,484,510$32,123,244$360,524,249
96$623,163,061$67,426,531$32,981,652$395,688,845
97$686,501,114$70,505,852$33,861,958$434,379,174
98$756,292,575$73,728,986$34,764,681$476,952,391
99$833,195,467$77,102,756$35,690,347$523,801,980
100$917,934,927$80,634,314$36,639,497$575,361,448