Can I retire at age 54 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$858,822$851,172$843,709$836,424$829,311$801,801
2 years$425,160$417,241$409,567$402,127$394,910$367,462
3 years$280,624$272,672$265,017$257,647$250,547$224,022
4 years$208,371$200,443$192,865$185,620$178,692$153,293
5 years$165,030$157,149$149,671$142,574$135,839$111,633
6 years$136,145$128,324$120,956$114,017$107,485$84,492
7 years$115,522$107,767$100,515$93,740$87,414$65,631
8 years$100,061$92,376$85,245$78,636$72,518$51,929
9 years$88,043$80,430$73,421$66,981$61,071$41,651
10 years$78,433$70,895$64,010$57,738$52,035$33,754
11 years$70,576$63,114$56,354$50,249$44,752$27,575
12 years$64,033$56,647$50,013$44,075$38,781$22,669
13 years$58,502$51,193$44,683$38,912$33,818$18,731
14 years$53,764$46,533$40,148$34,542$29,645$15,540
15 years$49,662$42,508$36,248$30,805$26,102$12,935
16 years$46,076$39,001$32,864$27,583$23,069$10,796
17 years$42,915$35,918$29,905$24,783$20,454$9,031
18 years$40,109$33,190$27,299$22,334$18,187$7,568
19 years$37,601$30,760$24,991$20,181$16,210$6,352
20 years$35,346$28,584$22,936$18,278$14,479$5,338
21 years$33,309$26,625$21,097$16,588$12,957$4,491
22 years$31,460$24,853$19,444$15,082$11,615$3,782
23 years$29,774$23,245$17,953$13,736$10,426$3,187
24 years$28,230$21,779$16,603$12,528$9,371$2,687
25 years$26,813$20,438$15,378$11,441$8,432$2,267
26 years$25,506$19,209$14,262$10,461$7,596$1,913
27 years$24,299$18,078$13,244$9,575$6,848$1,615
28 years$23,179$17,034$12,312$8,773$6,179$1,364
29 years$22,139$16,070$11,457$8,045$5,580$1,153
30 years$21,170$15,176$10,672$7,383$5,042$974
31 years$20,265$14,347$9,949$6,781$4,558$823
32 years$19,418$13,575$9,283$6,232$4,123$696
33 years$18,625$12,856$8,667$5,731$3,731$588
34 years$17,880$12,184$8,098$5,273$3,378$497
35 years$17,178$11,557$7,571$4,854$3,060$421
36 years$16,518$10,969$7,083$4,470$2,772$356
37 years$15,894$10,418$6,629$4,119$2,513$301
38 years$15,305$9,901$6,208$3,796$2,278$254
39 years$14,747$9,415$5,816$3,501$2,066$215
40 years$14,218$8,957$5,452$3,229$1,874$182
41 years$13,717$8,527$5,112$2,979$1,700$154
42 years$13,241$8,120$4,795$2,749$1,543$130
43 years$12,788$7,737$4,500$2,538$1,400$110
44 years$12,357$7,375$4,224$2,343$1,271$93
45 years$11,946$7,033$3,966$2,164$1,154$79
46 years$11,554$6,709$3,725$1,999$1,047$67
47 years$11,180$6,402$3,499$1,847$951$56
48 years$10,823$6,112$3,288$1,707$864$48
49 years$10,481$5,837$3,091$1,577$784$40
50 years$10,154$5,575$2,906$1,458$713$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $10,400,000, adding $3,080 every year, while hoping to spend $28,018 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: 22/48/30 Blend
53$10,400,000$10,400,000$10,400,000$10,400,000
54$11,463,977$10,912,777$10,751,577$11,607,477
55$12,603,492$11,417,692$11,081,944$12,242,253
56$13,858,298$11,946,409$11,422,439$12,918,311
57$15,240,126$12,500,065$11,773,372$13,640,959
58$16,761,901$13,079,850$12,135,062$14,414,030
59$18,437,866$13,687,014$12,507,839$15,241,707
60$20,283,717$14,322,867$12,892,040$16,128,561
61$22,316,748$14,988,779$13,288,015$17,079,583
62$24,556,018$15,686,190$13,696,125$18,100,229
63$27,022,526$16,416,608$14,116,739$19,196,466
64$29,739,414$17,181,612$14,550,240$20,374,818
65$32,732,184$17,982,860$14,997,023$21,642,424
66$36,028,935$18,822,089$15,457,492$23,007,097
67$39,660,634$19,701,120$15,932,066$24,477,392
68$43,661,405$20,621,860$16,421,176$26,062,674
69$48,068,848$21,586,311$16,925,265$27,773,207
70$52,924,401$22,596,571$17,444,792$29,620,234
71$58,273,725$23,654,839$17,980,228$31,616,078
72$64,167,138$24,763,419$18,532,058$33,774,251
73$70,660,088$25,924,728$19,100,784$36,109,567
74$77,813,678$27,141,300$19,686,921$38,638,276
75$85,695,241$28,415,792$20,291,001$41,378,204
76$94,378,978$29,750,988$20,913,572$44,348,912
77$103,946,655$31,149,807$21,555,197$47,571,870
78$114,488,376$32,615,311$22,216,459$51,070,644
79$126,103,437$34,150,708$22,897,957$54,871,108
80$138,901,258$35,759,362$23,600,309$59,001,676
81$153,002,417$37,444,802$24,324,150$63,493,555
82$168,539,791$39,210,725$25,070,137$68,381,024
83$185,659,808$41,061,008$25,838,944$73,701,747
84$204,523,829$42,999,718$26,631,269$79,497,105
85$225,309,671$45,031,116$27,447,829$85,812,577
86$248,213,289$47,159,672$28,289,362$92,698,152
87$273,450,619$49,390,071$29,156,631$100,208,775
88$301,259,624$51,727,226$30,050,420$108,404,855
89$331,902,534$54,176,289$30,971,537$117,352,813
90$365,668,326$56,742,660$31,920,817$127,125,686
91$402,875,447$59,432,003$32,899,116$137,803,796
92$443,874,827$62,250,255$33,907,321$149,475,487
93$489,053,186$65,203,644$34,946,343$162,237,933
94$538,836,686$68,298,697$36,017,120$176,198,031
95$593,694,955$71,542,260$37,120,620$191,473,385
96$654,145,520$74,941,511$38,257,841$208,193,388
97$720,758,694$78,503,976$39,429,810$226,500,415
98$794,162,958$82,237,548$40,637,586$246,551,137
99$875,050,893$86,150,501$41,882,258$268,517,968
100$964,185,721$90,251,513$43,164,951$292,590,663