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%12.4%
1 years$858,822$851,172$843,709$836,424$829,311$820,992
2 years$425,160$417,241$409,567$402,127$394,910$386,531
3 years$280,624$272,672$265,017$257,647$250,547$242,368
4 years$208,371$200,443$192,865$185,620$178,692$170,776
5 years$165,030$157,149$149,671$142,574$135,839$128,209
6 years$136,145$128,324$120,956$114,017$107,485$100,151
7 years$115,522$107,767$100,515$93,740$87,414$80,379
8 years$100,061$92,376$85,245$78,636$72,518$65,781
9 years$88,043$80,430$73,421$66,981$61,071$54,630
10 years$78,433$70,895$64,010$57,738$52,035$45,887
11 years$70,576$63,114$56,354$50,249$44,752$38,891
12 years$64,033$56,647$50,013$44,075$38,781$33,201
13 years$58,502$51,193$44,683$38,912$33,818$28,512
14 years$53,764$46,533$40,148$34,542$29,645$24,607
15 years$49,662$42,508$36,248$30,805$26,102$21,323
16 years$46,076$39,001$32,864$27,583$23,069$18,543
17 years$42,915$35,918$29,905$24,783$20,454$16,172
18 years$40,109$33,190$27,299$22,334$18,187$14,140
19 years$37,601$30,760$24,991$20,181$16,210$12,390
20 years$35,346$28,584$22,936$18,278$14,479$10,877
21 years$33,309$26,625$21,097$16,588$12,957$9,565
22 years$31,460$24,853$19,444$15,082$11,615$8,422
23 years$29,774$23,245$17,953$13,736$10,426$7,425
24 years$28,230$21,779$16,603$12,528$9,371$6,553
25 years$26,813$20,438$15,378$11,441$8,432$5,789
26 years$25,506$19,209$14,262$10,461$7,596$5,118
27 years$24,299$18,078$13,244$9,575$6,848$4,529
28 years$23,179$17,034$12,312$8,773$6,179$4,009
29 years$22,139$16,070$11,457$8,045$5,580$3,552
30 years$21,170$15,176$10,672$7,383$5,042$3,148
31 years$20,265$14,347$9,949$6,781$4,558$2,791
32 years$19,418$13,575$9,283$6,232$4,123$2,476
33 years$18,625$12,856$8,667$5,731$3,731$2,197
34 years$17,880$12,184$8,098$5,273$3,378$1,950
35 years$17,178$11,557$7,571$4,854$3,060$1,731
36 years$16,518$10,969$7,083$4,470$2,772$1,537
37 years$15,894$10,418$6,629$4,119$2,513$1,365
38 years$15,305$9,901$6,208$3,796$2,278$1,213
39 years$14,747$9,415$5,816$3,501$2,066$1,078
40 years$14,218$8,957$5,452$3,229$1,874$958
41 years$13,717$8,527$5,112$2,979$1,700$851
42 years$13,241$8,120$4,795$2,749$1,543$756
43 years$12,788$7,737$4,500$2,538$1,400$672
44 years$12,357$7,375$4,224$2,343$1,271$598
45 years$11,946$7,033$3,966$2,164$1,154$532
46 years$11,554$6,709$3,725$1,999$1,047$473
47 years$11,180$6,402$3,499$1,847$951$420
48 years$10,823$6,112$3,288$1,707$864$374
49 years$10,481$5,837$3,091$1,577$784$332
50 years$10,154$5,575$2,906$1,458$713$296

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 $4,656 every year, while hoping to spend $42,185 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: 44/31/25 Blend
53$10,400,000$10,400,000$10,400,000$10,400,000
54$11,465,603$10,914,403$10,753,203$11,886,726
55$12,590,210$11,404,324$11,068,550$12,676,222
56$13,828,113$11,916,837$11,393,049$13,527,059
57$15,190,823$12,453,006$11,726,959$14,448,541
58$16,691,026$13,013,942$12,070,551$15,447,249
59$18,342,698$13,600,812$12,424,101$16,530,411
60$20,161,240$14,214,838$12,787,895$17,705,965
61$22,163,622$14,857,301$13,162,225$18,982,633
62$24,368,544$15,529,541$13,547,393$20,369,996
63$26,796,611$16,232,965$13,943,706$21,878,581
64$29,470,529$16,969,044$14,351,484$23,519,959
65$32,415,318$17,739,322$14,771,053$25,306,849
66$35,658,547$18,545,415$15,202,750$27,253,232
67$39,230,597$19,389,019$15,646,921$29,374,477
68$43,164,945$20,271,907$16,103,919$31,687,488
69$47,498,480$21,195,941$16,574,111$34,210,849
70$52,271,853$22,163,071$17,057,872$36,965,005
71$57,529,858$23,175,338$17,555,588$39,972,437
72$63,321,859$24,234,884$18,067,654$43,257,880
73$69,702,247$25,343,952$18,594,480$46,848,543
74$76,730,965$26,504,894$19,136,483$50,774,364
75$84,474,062$27,720,174$19,694,095$55,068,281
76$93,004,327$28,992,373$20,267,757$59,766,542
77$102,401,967$30,324,197$20,857,926$64,909,036
78$112,755,369$31,718,484$21,465,068$70,539,664
79$124,161,933$33,178,206$22,089,664$76,706,743
80$136,728,990$34,706,478$22,732,207$83,463,457
81$150,574,817$36,306,565$23,393,206$90,868,350
82$165,829,751$37,981,890$24,073,181$98,985,866
83$182,637,422$39,736,039$24,772,670$107,886,956
84$201,156,107$41,572,773$25,492,221$117,649,727
85$221,560,222$43,496,030$26,232,403$128,360,181
86$244,041,971$45,509,943$26,993,795$140,113,006
87$268,813,161$47,618,839$27,776,996$153,012,465
88$296,107,198$49,827,257$28,582,620$167,173,367
89$326,181,292$52,139,952$29,411,298$182,722,139
90$359,318,886$54,561,912$30,263,678$199,798,003
91$395,832,327$57,098,361$31,140,427$218,554,285
92$436,065,822$59,754,777$32,042,228$239,159,841
93$480,398,679$62,536,904$32,969,786$261,800,639
94$529,248,893$65,450,761$33,923,822$286,681,501
95$583,077,089$68,502,658$34,905,079$314,028,020
96$642,390,873$71,699,209$35,914,320$344,088,671
97$707,749,620$75,047,348$36,952,328$377,137,142
98$779,769,758$78,554,345$38,019,908$413,474,899
99$859,130,585$82,227,820$39,117,887$453,434,012
100$946,580,682$86,075,761$40,247,113$497,380,270