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%11%
1 years$883,596$875,725$868,047$860,552$853,233$849,638
2 years$437,424$429,277$421,382$413,727$406,301$402,672
3 years$288,719$280,537$272,662$265,079$257,774$254,223
4 years$214,381$206,225$198,428$190,974$183,847$180,400
5 years$169,790$161,683$153,988$146,687$139,757$136,427
6 years$140,073$132,026$124,445$117,306$110,585$107,374
7 years$118,854$110,875$103,415$96,444$89,935$86,846
8 years$102,948$95,041$87,704$80,905$74,610$71,642
9 years$90,582$82,750$75,539$68,913$62,833$59,986
10 years$80,696$72,940$65,857$59,403$53,536$50,810
11 years$72,612$64,934$57,979$51,699$46,043$43,434
12 years$65,881$58,281$51,455$45,347$39,900$37,407
13 years$60,189$52,669$45,972$40,034$34,794$32,415
14 years$55,315$47,875$41,306$35,538$30,500$28,232
15 years$51,094$43,735$37,294$31,694$26,854$24,695
16 years$47,405$40,126$33,812$28,378$23,734$21,680
17 years$44,153$36,954$30,768$25,498$21,044$19,093
18 years$41,266$34,147$28,087$22,979$18,712$16,859
19 years$38,685$31,648$25,712$20,763$16,678$14,922
20 years$36,366$29,408$23,597$18,805$14,897$13,234
21 years$34,270$27,393$21,705$17,067$13,331$11,757
22 years$32,367$25,570$20,005$15,518$11,950$10,462
23 years$30,633$23,915$18,471$14,132$10,727$9,322
24 years$29,045$22,407$17,082$12,889$9,641$8,316
25 years$27,586$21,028$15,822$11,771$8,676$7,426
26 years$26,242$19,763$14,674$10,763$7,815$6,638
27 years$25,000$18,599$13,626$9,852$7,046$5,938
28 years$23,848$17,526$12,667$9,026$6,357$5,316
29 years$22,778$16,534$11,788$8,277$5,741$4,763
30 years$21,781$15,614$10,980$7,596$5,187$4,269
31 years$20,850$14,761$10,236$6,977$4,690$3,829
32 years$19,979$13,967$9,551$6,412$4,242$3,435
33 years$19,162$13,227$8,917$5,896$3,839$3,084
34 years$18,395$12,536$8,332$5,425$3,476$2,769
35 years$17,674$11,890$7,790$4,994$3,148$2,487
36 years$16,994$11,285$7,287$4,599$2,852$2,235
37 years$16,353$10,718$6,821$4,238$2,585$2,009
38 years$15,746$10,186$6,387$3,906$2,344$1,806
39 years$15,172$9,686$5,984$3,602$2,125$1,624
40 years$14,629$9,216$5,609$3,322$1,928$1,460
41 years$14,113$8,772$5,259$3,065$1,749$1,314
42 years$13,623$8,355$4,933$2,828$1,587$1,182
43 years$13,157$7,960$4,629$2,611$1,440$1,063
44 years$12,713$7,588$4,345$2,411$1,307$957
45 years$12,290$7,236$4,080$2,226$1,187$861
46 years$11,887$6,903$3,832$2,057$1,078$775
47 years$11,503$6,587$3,600$1,900$979$698
48 years$11,135$6,288$3,383$1,756$889$628
49 years$10,783$6,005$3,180$1,623$807$565
50 years$10,447$5,736$2,990$1,500$733$509

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 $4,945 every year, while hoping to spend $25,979 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: 78/14/8 Blend
53$10,700,000$10,700,000$10,700,000$10,700,000
54$11,796,501$11,229,401$11,063,551$12,703,230
55$12,972,102$11,752,000$11,406,538$13,821,754
56$14,266,745$12,299,336$11,760,145$15,044,273
57$15,692,542$12,872,593$12,124,700$16,384,241
58$17,262,845$13,473,013$12,500,540$17,853,345
59$18,992,363$14,101,899$12,888,016$19,464,450
60$20,897,306$14,760,614$13,287,487$21,231,717
61$22,995,536$15,450,589$13,699,323$23,170,743
62$25,306,737$16,173,324$14,123,906$25,298,698
63$27,852,599$16,930,392$14,561,632$27,634,490
64$30,657,023$17,723,440$15,012,905$30,198,938
65$33,746,347$18,554,196$15,478,145$33,014,971
66$37,149,595$19,424,472$15,957,783$36,107,837
67$40,898,749$20,336,166$16,452,265$39,505,345
68$45,029,054$21,291,271$16,962,048$43,238,117
69$49,579,346$22,291,872$17,487,606$47,339,885
70$54,592,425$23,340,159$18,029,426$51,847,795
71$60,115,451$24,438,426$18,588,010$56,802,766
72$66,200,395$25,589,077$19,163,877$62,249,866
73$72,904,529$26,794,635$19,757,560$68,238,736
74$80,290,963$28,057,744$20,369,610$74,824,059
75$88,429,243$29,381,176$21,000,594$82,066,068
76$97,396,009$30,767,836$21,651,097$90,031,114
77$107,275,715$32,220,773$22,321,722$98,792,289
78$118,161,428$33,743,182$23,013,090$108,430,109
79$130,155,707$35,338,411$23,725,842$119,033,276
80$143,371,570$37,009,974$24,460,638$130,699,504
81$157,933,560$38,761,552$25,218,160$143,536,446
82$173,978,923$40,597,008$25,999,108$157,662,696
83$191,658,901$42,520,390$26,804,206$173,208,910
84$211,140,162$44,535,942$27,634,201$190,319,036
85$232,606,372$46,648,116$28,489,859$209,151,661
86$256,259,927$48,861,579$29,371,975$229,881,510
87$282,323,867$51,181,224$30,281,364$252,701,085
88$311,043,980$53,612,183$31,218,868$277,822,479
89$342,691,122$56,159,836$32,185,356$305,479,369
90$377,563,773$58,829,825$33,181,722$335,929,222
91$415,990,857$61,628,065$34,208,888$369,455,711
92$458,334,843$64,560,759$35,267,805$406,371,392
93$504,995,173$67,634,412$36,359,453$447,020,644
94$556,412,028$70,855,845$37,484,841$491,782,914
95$613,070,483$74,232,210$38,645,012$541,076,291
96$675,505,089$77,771,006$39,841,037$595,361,445
97$744,304,921$81,480,097$41,074,024$655,145,965
98$820,119,132$85,367,731$42,345,113$720,989,146
99$903,663,088$89,442,555$43,655,479$793,507,253
100$995,725,120$93,713,637$45,006,335$873,379,337