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

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$867,080$859,357$851,821$844,466$837,285$817,376
2 years$429,248$421,253$413,506$405,993$398,707$378,765
3 years$283,323$275,294$267,565$260,124$252,956$233,605
4 years$210,374$202,370$194,719$187,405$180,410$161,799
5 years$166,617$158,661$151,110$143,945$137,145$119,325
6 years$137,455$129,558$122,119$115,114$108,518$91,508
7 years$116,633$108,803$101,482$94,641$88,254$72,056
8 years$101,023$93,264$86,065$79,392$73,216$57,823
9 years$88,889$81,203$74,127$67,625$61,658$47,059
10 years$79,187$71,577$64,626$58,293$52,536$38,713
11 years$71,255$63,720$56,896$50,732$45,183$32,117
12 years$64,649$57,192$50,493$44,499$39,154$26,825
13 years$59,064$51,685$45,113$39,286$34,143$22,526
14 years$54,281$46,980$40,534$34,874$29,930$19,001
15 years$50,139$42,917$36,597$31,101$26,353$16,085
16 years$46,519$39,376$33,180$27,848$23,290$13,658
17 years$43,328$36,264$30,193$25,021$20,651$11,627
18 years$40,494$33,509$27,562$22,549$18,362$9,919
19 years$37,962$31,056$25,232$20,375$16,366$8,477
20 years$35,686$28,859$23,156$18,453$14,619$7,255
21 years$33,630$26,881$21,299$16,748$13,082$6,218
22 years$31,762$25,092$19,631$15,227$11,726$5,334
23 years$30,060$23,468$18,125$13,868$10,526$4,581
24 years$28,502$21,988$16,763$12,648$9,461$3,937
25 years$27,071$20,635$15,526$11,551$8,514$3,385
26 years$25,752$19,393$14,399$10,562$7,669$2,913
27 years$24,532$18,251$13,371$9,668$6,914$2,508
28 years$23,402$17,198$12,430$8,858$6,239$2,160
29 years$22,352$16,225$11,567$8,123$5,633$1,861
30 years$21,373$15,322$10,775$7,454$5,090$1,604
31 years$20,460$14,485$10,045$6,846$4,602$1,383
32 years$19,605$13,706$9,372$6,292$4,163$1,192
33 years$18,804$12,979$8,751$5,786$3,767$1,028
34 years$18,051$12,301$8,176$5,324$3,411$887
35 years$17,344$11,668$7,644$4,901$3,089$765
36 years$16,676$11,074$7,151$4,513$2,799$660
37 years$16,047$10,518$6,693$4,158$2,537$570
38 years$15,452$9,996$6,268$3,833$2,300$492
39 years$14,889$9,505$5,872$3,534$2,086$424
40 years$14,355$9,043$5,504$3,260$1,892$366
41 years$13,849$8,608$5,161$3,008$1,716$316
42 years$13,368$8,198$4,841$2,776$1,557$273
43 years$12,911$7,811$4,543$2,562$1,413$236
44 years$12,475$7,446$4,264$2,366$1,283$204
45 years$12,061$7,100$4,004$2,185$1,165$176
46 years$11,665$6,773$3,761$2,018$1,057$152
47 years$11,288$6,464$3,533$1,865$960$131
48 years$10,927$6,171$3,320$1,723$872$113
49 years$10,582$5,893$3,121$1,592$792$98
50 years$10,252$5,629$2,934$1,472$719$84

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 $2,548 every year, while hoping to spend $28,598 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: 74/5/21 Blend
53$10,500,000$10,500,000$10,500,000$10,500,000
54$11,573,628$11,017,128$10,854,378$12,371,467
55$12,723,710$11,526,539$11,187,572$13,411,178
56$13,990,142$12,059,953$11,530,969$14,546,516
57$15,384,762$12,618,516$11,884,881$15,789,992
58$16,920,612$13,203,428$12,249,630$17,152,376
59$18,612,068$13,815,949$12,625,545$18,645,527
60$20,474,966$14,457,399$13,012,969$20,282,505
61$22,526,762$15,129,160$13,412,252$22,077,690
62$24,786,686$15,832,683$13,823,757$24,046,922
63$27,275,931$16,569,488$14,247,856$26,207,642
64$30,017,851$17,341,167$14,684,934$28,579,063
65$33,038,179$18,149,392$15,135,387$31,182,344
66$36,365,274$18,995,913$15,599,623$34,040,790
67$40,030,385$19,882,566$16,078,063$37,180,072
68$44,067,946$20,811,273$16,571,141$40,628,467
69$48,515,904$21,784,053$17,079,301$44,417,120
70$53,416,074$22,803,020$17,603,006$48,580,344
71$58,814,536$23,870,390$18,142,728$53,155,933
72$64,762,066$24,988,486$18,698,957$58,185,524
73$71,314,620$26,159,745$19,272,195$63,714,984
74$78,533,859$27,386,721$19,862,962$69,794,844
75$86,487,733$28,672,091$20,471,792$76,480,771
76$95,251,120$30,018,662$21,099,235$83,834,094
77$104,906,535$31,429,376$21,745,860$91,922,379
78$115,544,905$32,907,319$22,412,250$100,820,066
79$127,266,433$34,455,725$23,099,007$110,609,169
80$140,181,539$36,077,986$23,806,754$121,380,044
81$154,411,904$37,777,656$24,536,129$133,232,247
82$170,091,620$39,558,463$25,287,791$146,275,465
83$187,368,453$41,424,315$26,062,420$160,630,550
84$206,405,239$43,379,310$26,860,714$176,430,659
85$227,381,421$45,427,743$27,683,396$193,822,507
86$250,494,743$47,574,120$28,531,206$212,967,747
87$275,963,116$49,823,162$29,404,912$234,044,497
88$304,026,679$52,179,821$30,305,301$257,249,013
89$334,950,057$54,649,289$31,233,185$282,797,543
90$369,024,868$57,237,010$32,189,403$310,928,363
91$406,572,473$59,948,691$33,174,815$341,904,021
92$447,947,005$62,790,318$34,190,312$376,013,815
93$493,538,720$65,768,164$35,236,808$413,576,518
94$543,777,676$68,888,810$36,315,248$454,943,383
95$599,137,792$72,159,155$37,426,602$500,501,456
96$660,141,326$75,586,433$38,571,872$550,677,224
97$727,363,803$79,178,229$39,752,091$605,940,638
98$801,439,445$82,942,497$40,968,321$666,809,543
99$883,067,166$86,887,577$42,221,657$733,854,563
100$973,017,163$91,022,214$43,513,228$807,704,483