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%18.6%
1 years$858,822$851,172$843,709$836,424$829,311$800,523
2 years$425,160$417,241$409,567$402,127$394,910$366,204
3 years$280,624$272,672$265,017$257,647$250,547$222,826
4 years$208,371$200,443$192,865$185,620$178,692$152,167
5 years$165,030$157,149$149,671$142,574$135,839$110,580
6 years$136,145$128,324$120,956$114,017$107,485$83,511
7 years$115,522$107,767$100,515$93,740$87,414$64,721
8 years$100,061$92,376$85,245$78,636$72,518$51,088
9 years$88,043$80,430$73,421$66,981$61,071$40,877
10 years$78,433$70,895$64,010$57,738$52,035$33,043
11 years$70,576$63,114$56,354$50,249$44,752$26,924
12 years$64,033$56,647$50,013$44,075$38,781$22,076
13 years$58,502$51,193$44,683$38,912$33,818$18,190
14 years$53,764$46,533$40,148$34,542$29,645$15,049
15 years$49,662$42,508$36,248$30,805$26,102$12,491
16 years$46,076$39,001$32,864$27,583$23,069$10,395
17 years$42,915$35,918$29,905$24,783$20,454$8,670
18 years$40,109$33,190$27,299$22,334$18,187$7,244
19 years$37,601$30,760$24,991$20,181$16,210$6,062
20 years$35,346$28,584$22,936$18,278$14,479$5,079
21 years$33,309$26,625$21,097$16,588$12,957$4,259
22 years$31,460$24,853$19,444$15,082$11,615$3,575
23 years$29,774$23,245$17,953$13,736$10,426$3,003
24 years$28,230$21,779$16,603$12,528$9,371$2,524
25 years$26,813$20,438$15,378$11,441$8,432$2,123
26 years$25,506$19,209$14,262$10,461$7,596$1,786
27 years$24,299$18,078$13,244$9,575$6,848$1,503
28 years$23,179$17,034$12,312$8,773$6,179$1,265
29 years$22,139$16,070$11,457$8,045$5,580$1,065
30 years$21,170$15,176$10,672$7,383$5,042$897
31 years$20,265$14,347$9,949$6,781$4,558$756
32 years$19,418$13,575$9,283$6,232$4,123$637
33 years$18,625$12,856$8,667$5,731$3,731$537
34 years$17,880$12,184$8,098$5,273$3,378$452
35 years$17,178$11,557$7,571$4,854$3,060$381
36 years$16,518$10,969$7,083$4,470$2,772$321
37 years$15,894$10,418$6,629$4,119$2,513$271
38 years$15,305$9,901$6,208$3,796$2,278$228
39 years$14,747$9,415$5,816$3,501$2,066$192
40 years$14,218$8,957$5,452$3,229$1,874$162
41 years$13,717$8,527$5,112$2,979$1,700$137
42 years$13,241$8,120$4,795$2,749$1,543$115
43 years$12,788$7,737$4,500$2,538$1,400$97
44 years$12,357$7,375$4,224$2,343$1,271$82
45 years$11,946$7,033$3,966$2,164$1,154$69
46 years$11,554$6,709$3,725$1,999$1,047$58
47 years$11,180$6,402$3,499$1,847$951$49
48 years$10,823$6,112$3,288$1,707$864$41
49 years$10,481$5,837$3,091$1,577$784$35
50 years$10,154$5,575$2,906$1,458$713$29

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 $2,391 every year, while hoping to spend $34,898 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: 63/13/24 Blend
53$10,400,000$10,400,000$10,400,000$10,400,000
54$11,463,266$10,912,066$10,750,866$12,113,017
55$12,595,388$11,409,626$11,073,889$13,050,094
56$13,841,817$11,930,397$11,406,564$14,069,065
57$15,214,175$12,475,479$11,749,176$15,181,248
58$16,725,269$13,046,026$12,102,022$16,395,763
59$18,389,211$13,643,246$12,465,404$17,722,649
60$20,221,551$14,268,405$12,839,635$19,172,951
61$22,239,424$14,922,832$13,225,038$20,758,826
62$24,461,711$15,607,916$13,621,942$22,493,655
63$26,909,218$16,325,117$14,030,690$24,392,166
64$29,604,872$17,075,961$14,451,632$26,470,571
65$32,573,936$17,862,050$14,885,128$28,746,719
66$35,844,250$18,685,063$15,331,553$31,240,258
67$39,446,490$19,546,758$15,791,287$33,972,821
68$43,414,462$20,448,980$16,264,725$36,968,226
69$47,785,417$21,393,659$16,752,273$40,252,700
70$52,600,404$22,382,823$17,254,348$43,855,122
71$57,904,657$23,418,593$17,771,381$47,807,292
72$63,748,022$24,503,194$18,303,812$52,144,229
73$70,185,429$25,638,960$18,852,099$56,904,501
74$77,277,408$26,828,334$19,416,709$62,130,580
75$85,090,660$28,073,878$19,998,125$67,869,243
76$93,698,689$29,378,280$20,596,844$74,172,012
77$103,182,493$30,744,354$21,213,376$81,095,630
78$113,631,332$32,175,051$21,848,249$88,702,601
79$125,143,565$33,673,466$22,502,002$97,061,767
80$137,827,583$35,242,841$23,175,194$106,248,962
81$151,802,832$36,886,575$23,868,398$116,347,716
82$167,200,936$38,608,233$24,582,205$127,450,046
83$184,166,945$40,411,550$25,317,223$139,657,312
84$202,860,700$42,300,442$26,074,076$153,081,175
85$223,458,342$44,279,014$26,853,408$167,844,644
86$246,153,978$46,351,571$27,655,883$184,083,230
87$271,161,510$48,522,624$28,482,181$201,946,221
88$298,716,655$50,796,904$29,333,004$221,598,086
89$329,079,169$53,179,368$30,209,076$243,220,019
90$362,535,303$55,675,215$31,111,138$267,011,644
91$399,400,499$58,289,896$32,039,957$293,192,896
92$440,022,373$61,029,124$32,996,318$322,006,084
93$484,783,993$63,898,889$33,981,033$353,718,174
94$534,107,498$66,905,472$34,994,935$388,623,306
95$588,458,079$70,055,457$36,038,882$427,045,553
96$648,348,376$73,355,747$37,113,757$469,341,981
97$714,343,312$76,813,580$38,220,469$515,906,007
98$787,065,428$80,436,543$39,359,954$567,171,103
99$867,200,762$84,232,594$40,533,172$623,614,881
100$955,505,321$88,210,073$41,741,115$685,763,592