Can I retire at age 54 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$891,854$883,910$876,159$868,594$861,207$840,388
2 years$441,512$433,289$425,320$417,593$410,099$389,249
3 years$291,417$283,159$275,210$267,556$260,183$239,954
4 years$216,385$208,152$200,283$192,759$185,565$166,113
5 years$171,377$163,194$155,427$148,057$141,064$122,442
6 years$141,382$133,260$125,608$118,403$111,619$93,847
7 years$119,965$111,911$104,381$97,345$90,776$73,856
8 years$103,910$95,929$88,524$81,661$75,307$59,233
9 years$91,429$83,523$76,245$69,557$63,420$48,177
10 years$81,450$73,622$66,472$59,959$54,037$39,609
11 years$73,291$65,541$58,521$52,182$46,473$32,839
12 years$66,496$58,826$51,936$45,771$40,273$27,410
13 years$60,752$53,162$46,401$40,409$35,119$23,002
14 years$55,832$48,322$41,692$35,870$30,785$19,389
15 years$51,572$44,143$37,642$31,990$27,105$16,402
16 years$47,848$40,501$34,128$28,644$23,956$13,918
17 years$44,566$37,300$31,055$25,736$21,241$11,839
18 years$41,651$34,467$28,349$23,193$18,886$10,092
19 years$39,047$31,943$25,953$20,957$16,834$8,619
20 years$36,706$29,683$23,818$18,981$15,036$7,371
21 years$34,590$27,649$21,908$17,226$13,456$6,312
22 years$32,670$25,809$20,192$15,663$12,061$5,411
23 years$30,919$24,139$18,643$14,264$10,827$4,643
24 years$29,316$22,616$17,242$13,010$9,731$3,987
25 years$27,844$21,224$15,970$11,881$8,757$3,426
26 years$26,487$19,948$14,811$10,864$7,888$2,946
27 years$25,233$18,773$13,753$9,944$7,112$2,534
28 years$24,071$17,690$12,785$9,111$6,417$2,181
29 years$22,991$16,688$11,898$8,355$5,794$1,877
30 years$21,984$15,760$11,082$7,667$5,235$1,617
31 years$21,044$14,899$10,332$7,042$4,733$1,392
32 years$20,165$14,097$9,640$6,472$4,282$1,200
33 years$19,341$13,350$9,001$5,951$3,875$1,034
34 years$18,567$12,653$8,410$5,476$3,508$891
35 years$17,839$12,001$7,863$5,041$3,178$768
36 years$17,153$11,391$7,355$4,642$2,879$662
37 years$16,505$10,819$6,884$4,277$2,609$571
38 years$15,893$10,282$6,447$3,942$2,366$492
39 years$15,314$9,777$6,040$3,635$2,145$425
40 years$14,765$9,302$5,661$3,353$1,946$366
41 years$14,245$8,854$5,309$3,093$1,765$316
42 years$13,750$8,433$4,980$2,855$1,602$272
43 years$13,280$8,035$4,673$2,635$1,454$235
44 years$12,832$7,659$4,386$2,433$1,320$203
45 years$12,405$7,303$4,118$2,247$1,198$175
46 years$11,998$6,967$3,868$2,076$1,088$151
47 years$11,610$6,649$3,634$1,918$988$130
48 years$11,239$6,347$3,415$1,772$897$112
49 years$10,884$6,061$3,210$1,638$815$97
50 years$10,545$5,790$3,018$1,514$740$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $10,800,000, adding $6,492 every year, while hoping to spend $47,494 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: 32/47/21 Blend
53$10,800,000$10,800,000$10,800,000$10,800,000
54$11,908,296$11,335,896$11,168,496$12,211,813
55$13,072,409$11,840,822$11,492,108$12,945,093
56$14,353,670$12,368,897$11,824,968$13,729,616
57$15,763,978$12,921,206$12,167,338$14,573,661
58$17,316,443$13,498,885$12,519,483$15,482,469
59$19,025,512$14,103,123$12,881,678$16,461,781
60$20,907,105$14,735,166$13,254,205$17,517,887
61$22,978,761$15,396,321$13,637,352$18,657,678
62$25,259,809$16,087,954$14,031,417$19,888,709
63$27,771,546$16,811,501$14,436,706$21,219,263
64$30,537,439$17,568,460$14,853,532$22,658,426
65$33,583,350$18,360,407$15,282,218$24,216,161
66$36,937,773$19,188,988$15,723,093$25,903,402
67$40,632,109$20,055,931$16,176,499$27,732,147
68$44,700,957$20,963,045$16,642,785$29,715,564
69$49,182,445$21,912,225$17,122,309$31,868,113
70$54,118,588$22,905,457$17,615,440$34,205,669
71$59,555,683$23,944,823$18,122,556$36,745,666
72$65,544,746$25,032,504$18,644,046$39,507,254
73$72,141,998$26,170,784$19,180,308$42,511,471
74$79,409,387$27,362,057$19,731,754$45,781,435
75$87,415,180$28,608,834$20,298,804$49,342,546
76$96,234,605$29,913,743$20,881,890$53,222,722
77$105,950,557$31,279,539$21,481,456$57,452,653
78$116,654,388$32,709,110$22,097,958$62,066,073
79$128,446,761$34,205,482$22,731,865$67,100,075
80$141,438,605$35,771,825$23,383,657$72,595,445
81$155,752,160$37,411,462$24,053,828$78,597,035
82$171,522,133$39,127,877$24,742,884$85,154,175
83$188,896,966$40,924,718$25,451,345$92,321,124
84$208,040,239$42,805,811$26,179,747$100,157,570
85$229,132,212$44,775,165$26,928,638$108,729,174
86$252,371,531$46,836,981$27,698,580$118,108,182
87$277,977,096$48,995,663$28,490,152$128,374,084
88$306,190,135$51,255,825$29,303,948$139,614,349
89$337,276,475$53,622,306$30,140,575$151,925,237
90$371,529,052$56,100,176$31,000,661$165,412,685
91$409,270,678$58,694,747$31,884,846$180,193,289
92$450,857,089$61,411,592$32,793,790$196,395,384
93$496,680,299$64,256,546$33,728,169$214,160,236
94$547,172,303$67,235,731$34,688,677$233,643,352
95$602,809,157$70,355,561$35,676,026$255,015,925
96$664,115,465$73,622,758$36,690,947$278,466,427
97$731,669,340$77,044,370$37,734,192$304,202,359
98$806,107,855$80,627,786$38,806,529$332,452,191
99$888,133,057$84,380,749$39,908,749$363,467,480
100$978,518,600$88,311,376$41,041,663$397,525,228