Can I retire at age 54 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$875,338$867,541$859,934$852,509$845,259$830,914
2 years$433,336$425,265$417,444$409,860$402,504$388,096
3 years$286,021$277,916$270,114$262,601$255,365$241,343
4 years$212,378$204,297$196,574$189,189$182,129$168,600
5 years$168,204$160,172$152,549$145,316$138,451$125,455
6 years$138,764$130,792$123,282$116,210$109,552$97,102
7 years$117,743$109,839$102,448$95,543$89,095$77,196
8 years$101,985$94,152$86,884$80,148$73,913$62,563
9 years$89,736$81,977$74,833$68,269$62,245$51,437
10 years$79,942$72,258$65,241$58,848$53,036$42,761
11 years$71,933$64,327$57,438$51,216$45,613$35,859
12 years$65,265$57,737$50,974$44,923$39,527$30,282
13 years$59,627$52,177$45,542$39,660$34,468$25,719
14 years$54,798$47,428$40,920$35,206$30,215$21,945
15 years$50,617$43,326$36,945$31,398$26,603$18,798
16 years$46,962$39,751$33,496$28,113$23,512$16,155
17 years$43,741$36,609$30,480$25,259$20,848$13,921
18 years$40,880$33,828$27,824$22,764$18,537$12,024
19 years$38,324$31,352$25,472$20,569$16,522$10,407
20 years$36,026$29,134$23,377$18,629$14,758$9,022
21 years$33,950$27,137$21,502$16,907$13,207$7,832
22 years$32,065$25,331$19,818$15,373$11,838$6,808
23 years$30,346$23,692$18,298$14,000$10,626$5,924
24 years$28,773$22,198$16,923$12,769$9,551$5,160
25 years$27,328$20,831$15,674$11,661$8,595$4,498
26 years$25,997$19,578$14,537$10,662$7,742$3,923
27 years$24,766$18,425$13,499$9,760$6,980$3,424
28 years$23,625$17,362$12,549$8,942$6,298$2,990
29 years$22,565$16,379$11,678$8,200$5,687$2,613
30 years$21,577$15,468$10,877$7,525$5,139$2,283
31 years$20,655$14,623$10,141$6,912$4,646$1,996
32 years$19,792$13,836$9,461$6,352$4,202$1,746
33 years$18,983$13,103$8,834$5,841$3,803$1,527
34 years$18,223$12,419$8,254$5,374$3,443$1,337
35 years$17,509$11,779$7,717$4,947$3,119$1,170
36 years$16,835$11,180$7,219$4,556$2,826$1,024
37 years$16,200$10,618$6,757$4,198$2,561$896
38 years$15,599$10,091$6,328$3,869$2,322$785
39 years$15,031$9,596$5,928$3,568$2,106$687
40 years$14,492$9,130$5,556$3,291$1,910$602
41 years$13,981$8,690$5,210$3,036$1,733$527
42 years$13,495$8,277$4,887$2,802$1,572$462
43 years$13,034$7,886$4,586$2,587$1,427$405
44 years$12,594$7,517$4,305$2,388$1,295$354
45 years$12,176$7,168$4,042$2,206$1,176$311
46 years$11,776$6,838$3,796$2,037$1,068$272
47 years$11,395$6,526$3,567$1,882$969$238
48 years$11,031$6,230$3,352$1,739$880$209
49 years$10,683$5,949$3,150$1,607$800$183
50 years$10,349$5,683$2,962$1,486$726$160

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $10,600,000, adding $5,601 every year, while hoping to spend $45,619 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: 40/35/25 Blend
53$10,600,000$10,600,000$10,600,000$10,600,000
54$11,686,977$11,125,177$10,960,877$12,067,862
55$12,830,511$11,621,773$11,279,529$12,840,191
56$14,089,156$12,141,173$11,607,326$13,670,495
57$15,474,605$12,684,446$11,944,527$14,567,893
58$16,999,744$13,252,712$12,291,397$15,538,543
59$18,678,769$13,847,146$12,648,210$16,589,207
60$20,527,323$14,468,976$13,015,245$17,727,302
61$22,562,644$15,119,490$13,392,790$18,960,974
62$24,803,727$15,800,038$13,781,141$20,299,169
63$27,271,500$16,512,033$14,180,603$21,751,709
64$29,989,027$17,256,957$14,591,486$23,329,386
65$32,981,720$18,036,360$15,014,114$25,044,053
66$36,277,583$18,851,869$15,448,814$26,908,738
67$39,907,474$19,705,188$15,895,926$28,937,755
68$43,905,394$20,598,100$16,355,798$31,146,838
69$48,308,815$21,532,478$16,828,788$33,553,283
70$53,159,024$22,510,279$17,315,262$36,176,104
71$58,501,520$23,533,558$17,815,599$39,036,209
72$64,386,439$24,604,467$18,330,186$42,156,589
73$70,869,030$25,725,260$18,859,421$45,562,526
74$78,010,173$26,898,299$19,403,713$49,281,832
75$85,876,956$28,126,061$19,963,483$53,345,097
76$94,543,308$29,411,141$20,539,162$57,785,971
77$104,090,695$30,756,256$21,131,194$62,641,479
78$114,608,891$32,164,258$21,740,034$67,952,358
79$126,196,823$33,638,131$22,366,150$73,763,430
80$138,963,505$35,181,006$23,010,022$80,124,024
81$153,029,068$36,796,162$23,672,144$87,088,425
82$168,525,895$38,487,035$24,353,023$94,716,379
83$185,599,866$40,257,229$25,053,179$103,073,650
84$204,411,738$42,110,520$25,773,146$112,232,622
85$225,138,663$44,050,862$26,513,474$122,272,978
86$247,975,857$46,082,405$27,274,726$133,282,440
87$273,138,446$48,209,495$28,057,481$145,357,580
88$300,863,495$50,436,687$28,862,333$158,604,722
89$331,412,243$52,768,757$29,689,894$173,140,933
90$365,072,576$55,210,709$30,540,788$189,095,111
91$402,161,734$57,767,790$31,415,661$206,609,190
92$443,029,318$60,445,498$32,315,172$225,839,463
93$488,060,578$63,249,598$33,240,000$246,958,039
94$537,680,058$66,186,129$34,190,841$270,154,457
95$592,355,600$69,261,426$35,168,411$295,637,450
96$652,602,761$72,482,125$36,173,442$323,636,904
97$718,989,680$75,855,186$37,206,689$354,406,004
98$792,142,439$79,387,902$38,268,925$388,223,605
99$872,750,978$83,087,920$39,360,945$425,396,846
100$961,575,603$86,963,253$40,483,562$466,264,023