Can I retire at age 54 with 10,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$867,080$859,357$851,821$844,466$837,285$825,796
2 years$429,248$421,253$413,506$405,993$398,707$387,152
3 years$283,323$275,294$267,565$260,124$252,956$241,695
4 years$210,374$202,370$194,719$187,405$180,410$169,529
5 years$166,617$158,661$151,110$143,945$137,145$126,676
6 years$137,455$129,558$122,119$115,114$108,518$98,473
7 years$116,633$108,803$101,482$94,641$88,254$78,637
8 years$101,023$93,264$86,065$79,392$73,216$64,025
9 years$88,889$81,203$74,127$67,625$61,658$52,890
10 years$79,187$71,577$64,626$58,293$52,536$44,184
11 years$71,255$63,720$56,896$50,732$45,183$37,239
12 years$64,649$57,192$50,493$44,499$39,154$31,609
13 years$59,064$51,685$45,113$39,286$34,143$26,987
14 years$54,281$46,980$40,534$34,874$29,930$23,151
15 years$50,139$42,917$36,597$31,101$26,353$19,940
16 years$46,519$39,376$33,180$27,848$23,290$17,232
17 years$43,328$36,264$30,193$25,021$20,651$14,934
18 years$40,494$33,509$27,562$22,549$18,362$12,974
19 years$37,962$31,056$25,232$20,375$16,366$11,294
20 years$35,686$28,859$23,156$18,453$14,619$9,850
21 years$33,630$26,881$21,299$16,748$13,082$8,603
22 years$31,762$25,092$19,631$15,227$11,726$7,524
23 years$30,060$23,468$18,125$13,868$10,526$6,588
24 years$28,502$21,988$16,763$12,648$9,461$5,774
25 years$27,071$20,635$15,526$11,551$8,514$5,065
26 years$25,752$19,393$14,399$10,562$7,669$4,446
27 years$24,532$18,251$13,371$9,668$6,914$3,906
28 years$23,402$17,198$12,430$8,858$6,239$3,433
29 years$22,352$16,225$11,567$8,123$5,633$3,019
30 years$21,373$15,322$10,775$7,454$5,090$2,656
31 years$20,460$14,485$10,045$6,846$4,602$2,337
32 years$19,605$13,706$9,372$6,292$4,163$2,058
33 years$18,804$12,979$8,751$5,786$3,767$1,812
34 years$18,051$12,301$8,176$5,324$3,411$1,597
35 years$17,344$11,668$7,644$4,901$3,089$1,407
36 years$16,676$11,074$7,151$4,513$2,799$1,240
37 years$16,047$10,518$6,693$4,158$2,537$1,093
38 years$15,452$9,996$6,268$3,833$2,300$963
39 years$14,889$9,505$5,872$3,534$2,086$849
40 years$14,355$9,043$5,504$3,260$1,892$749
41 years$13,849$8,608$5,161$3,008$1,716$661
42 years$13,368$8,198$4,841$2,776$1,557$583
43 years$12,911$7,811$4,543$2,562$1,413$514
44 years$12,475$7,446$4,264$2,366$1,283$453
45 years$12,061$7,100$4,004$2,185$1,165$400
46 years$11,665$6,773$3,761$2,018$1,057$353
47 years$11,288$6,464$3,533$1,865$960$311
48 years$10,927$6,171$3,320$1,723$872$275
49 years$10,582$5,893$3,121$1,592$792$242
50 years$10,252$5,629$2,934$1,472$719$214

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $10,500,000, adding $3,763 every year, while hoping to spend $23,475 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: 31/39/30 Blend
53$10,500,000$10,500,000$10,500,000$10,500,000
54$11,574,882$11,018,382$10,855,632$11,827,494
55$12,730,542$11,533,305$11,194,318$12,539,715
56$14,003,294$12,072,673$11,543,564$13,303,504
57$15,405,054$12,637,658$11,903,697$14,125,224
58$16,948,957$13,229,491$12,275,059$15,009,968
59$18,649,474$13,849,460$12,657,997$15,963,316
60$20,522,554$14,498,916$13,052,873$16,991,382
61$22,585,768$15,179,278$13,460,058$18,100,864
62$24,858,483$15,892,029$13,879,937$19,299,104
63$27,362,038$16,638,727$14,312,904$20,594,151
64$30,119,946$17,421,006$14,759,367$21,994,832
65$33,158,122$18,240,576$15,219,747$23,510,832
66$36,505,118$19,099,232$15,694,476$25,152,773
67$40,192,401$19,998,855$16,184,002$26,932,312
68$44,254,645$20,941,419$16,688,786$28,862,246
69$48,730,061$21,928,990$17,209,302$30,956,620
70$53,660,755$22,963,738$17,746,041$33,230,860
71$59,093,127$24,047,936$18,299,508$35,701,901
72$65,078,308$25,183,968$18,870,224$38,388,350
73$71,672,645$26,374,331$19,458,726$41,310,643
74$78,938,229$27,621,648$20,065,568$44,491,236
75$86,943,485$28,928,665$20,691,320$47,954,806
76$95,763,813$30,298,263$21,336,573$51,728,472
77$105,482,306$31,733,461$22,001,932$55,842,044
78$116,190,529$33,237,429$22,688,024$60,328,293
79$127,989,385$34,813,484$23,395,495$65,223,247
80$140,990,067$36,465,111$24,125,009$70,566,524
81$155,315,112$38,195,958$24,877,254$76,401,690
82$171,099,548$40,009,855$25,652,937$82,776,660
83$188,492,179$41,910,815$26,452,788$89,744,137
84$207,656,984$43,903,048$27,277,559$97,362,094
85$228,774,664$45,990,965$28,128,025$105,694,308
86$252,044,354$48,179,196$29,004,988$114,810,950
87$277,685,493$50,472,592$29,909,270$124,789,225
88$305,939,906$52,876,242$30,841,724$135,714,091
89$337,074,080$55,395,482$31,803,225$147,679,040
90$371,381,682$58,035,905$32,794,678$160,786,964
91$409,186,329$60,803,380$33,817,015$175,151,107
92$450,844,647$63,704,058$34,871,198$190,896,113
93$496,749,635$66,744,391$35,958,217$208,159,186
94$547,334,374$69,931,143$37,079,094$227,091,361
95$603,076,120$73,271,409$38,234,884$247,858,905
96$664,500,804$76,772,628$39,426,672$270,644,868
97$732,188,000$80,442,600$40,655,579$295,650,784
98$806,776,395$84,289,506$41,922,760$323,098,544
99$888,969,820$88,321,926$43,229,406$353,232,473
100$979,543,896$92,548,854$44,576,745$386,321,596