Can I retire at age 54 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$883,596$875,725$868,047$860,552$853,233$821,002
2 years$437,424$429,277$421,382$413,727$406,301$374,203
3 years$288,719$280,537$272,662$265,079$257,774$226,819
4 years$214,381$206,225$198,428$190,974$183,847$154,270
5 years$169,790$161,683$153,988$146,687$139,757$111,636
6 years$140,073$132,026$124,445$117,306$110,585$83,938
7 years$118,854$110,875$103,415$96,444$89,935$64,755
8 years$102,948$95,041$87,704$80,905$74,610$50,873
9 years$90,582$82,750$75,539$68,913$62,833$40,505
10 years$80,696$72,940$65,857$59,403$53,536$32,578
11 years$72,612$64,934$57,979$51,699$46,043$26,407
12 years$65,881$58,281$51,455$45,347$39,900$21,536
13 years$60,189$52,669$45,972$40,034$34,794$17,649
14 years$55,315$47,875$41,306$35,538$30,500$14,520
15 years$51,094$43,735$37,294$31,694$26,854$11,984
16 years$47,405$40,126$33,812$28,378$23,734$9,915
17 years$44,153$36,954$30,768$25,498$21,044$8,221
18 years$41,266$34,147$28,087$22,979$18,712$6,828
19 years$38,685$31,648$25,712$20,763$16,678$5,679
20 years$36,366$29,408$23,597$18,805$14,897$4,729
21 years$34,270$27,393$21,705$17,067$13,331$3,942
22 years$32,367$25,570$20,005$15,518$11,950$3,288
23 years$30,633$23,915$18,471$14,132$10,727$2,745
24 years$29,045$22,407$17,082$12,889$9,641$2,292
25 years$27,586$21,028$15,822$11,771$8,676$1,915
26 years$26,242$19,763$14,674$10,763$7,815$1,601
27 years$25,000$18,599$13,626$9,852$7,046$1,339
28 years$23,848$17,526$12,667$9,026$6,357$1,120
29 years$22,778$16,534$11,788$8,277$5,741$937
30 years$21,781$15,614$10,980$7,596$5,187$784
31 years$20,850$14,761$10,236$6,977$4,690$656
32 years$19,979$13,967$9,551$6,412$4,242$549
33 years$19,162$13,227$8,917$5,896$3,839$459
34 years$18,395$12,536$8,332$5,425$3,476$385
35 years$17,674$11,890$7,790$4,994$3,148$322
36 years$16,994$11,285$7,287$4,599$2,852$270
37 years$16,353$10,718$6,821$4,238$2,585$226
38 years$15,746$10,186$6,387$3,906$2,344$189
39 years$15,172$9,686$5,984$3,602$2,125$158
40 years$14,629$9,216$5,609$3,322$1,928$133
41 years$14,113$8,772$5,259$3,065$1,749$111
42 years$13,623$8,355$4,933$2,828$1,587$93
43 years$13,157$7,960$4,629$2,611$1,440$78
44 years$12,713$7,588$4,345$2,411$1,307$65
45 years$12,290$7,236$4,080$2,226$1,187$55
46 years$11,887$6,903$3,832$2,057$1,078$46
47 years$11,503$6,587$3,600$1,900$979$38
48 years$11,135$6,288$3,383$1,756$889$32
49 years$10,783$6,005$3,180$1,623$807$27
50 years$10,447$5,736$2,990$1,500$733$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $10,700,000, adding $2,091 every year, while hoping to spend $52,959 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: 56/14/30 Blend
53$10,700,000$10,700,000$10,700,000$10,700,000
54$11,793,557$11,226,457$11,060,607$12,355,939
55$12,940,152$11,720,205$11,374,789$13,237,781
56$14,201,924$12,236,372$11,697,722$14,192,507
57$15,590,567$12,776,001$12,029,642$15,231,763
58$17,118,962$13,340,183$12,370,792$16,363,735
59$18,801,306$13,930,061$12,721,423$17,597,430
60$20,653,239$14,546,834$13,081,791$18,942,756
61$22,691,997$15,191,757$13,452,159$20,410,613
62$24,936,571$15,866,142$13,832,796$22,012,999
63$27,407,885$16,571,368$14,223,979$23,763,116
64$30,128,999$17,308,874$14,625,991$25,675,492
65$33,125,320$18,080,172$15,039,125$27,766,120
66$36,424,845$18,886,843$15,463,678$30,052,603
67$40,058,425$19,730,544$15,899,958$32,554,317
68$44,060,055$20,613,012$16,348,277$35,292,594
69$48,467,195$21,536,064$16,808,959$38,290,919
70$53,321,123$22,501,605$17,282,333$41,575,147
71$58,667,326$23,511,632$17,768,739$45,173,747
72$64,555,926$24,568,234$18,268,524$49,118,067
73$71,042,155$25,673,603$18,782,045$53,442,623
74$78,186,879$26,830,033$19,309,667$58,185,427
75$86,057,164$28,039,928$19,851,765$63,388,337
76$94,726,918$29,305,808$20,408,722$69,097,452
77$104,277,582$30,630,311$20,980,933$75,363,541
78$114,798,903$32,016,204$21,568,802$82,242,519
79$126,389,776$33,466,383$22,172,742$89,795,971
80$139,159,182$34,983,884$22,793,177$98,091,730
81$153,227,213$36,571,889$23,430,543$107,204,508
82$168,726,208$38,233,731$24,085,285$117,216,603
83$185,801,999$39,972,902$24,757,861$128,218,666
84$204,615,292$41,793,062$25,448,737$140,310,553
85$225,343,177$43,698,048$26,158,395$153,602,264
86$248,180,805$45,691,877$26,887,326$168,214,973
87$273,343,230$47,778,761$27,636,034$184,282,169
88$301,067,434$49,963,115$28,405,035$201,950,907
89$331,614,566$52,249,562$29,194,859$221,383,192
90$365,272,412$54,642,950$30,006,046$242,757,500
91$402,358,102$57,148,358$30,839,153$266,270,459
92$443,221,111$59,771,111$31,694,747$292,138,695
93$488,246,556$62,516,787$32,573,412$320,600,872
94$537,858,828$65,391,233$33,475,745$351,919,933
95$592,525,602$68,400,577$34,402,356$386,385,582
96$652,762,250$71,551,242$35,353,872$424,317,000
97$719,136,706$74,849,959$36,330,933$466,065,860
98$792,274,826$78,303,783$37,334,196$512,019,631
99$872,866,300$81,920,110$38,364,333$562,605,227
100$961,671,156$85,706,689$39,422,031$618,293,031