Can I retire at age 54 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$900,112$892,094$884,272$876,637$869,181$849,204
2 years$445,600$437,301$429,258$421,460$413,896$393,879
3 years$294,116$285,781$277,758$270,033$262,593$243,162
4 years$218,389$210,079$202,137$194,544$187,283$168,589
5 years$172,964$164,705$156,867$149,428$142,370$124,463
6 years$142,691$134,494$126,772$119,499$112,652$95,552
7 years$121,076$112,948$105,348$98,247$91,616$75,326
8 years$104,872$96,817$89,343$82,417$76,005$60,517
9 years$92,275$84,297$76,951$70,201$64,007$49,311
10 years$82,204$74,303$67,088$60,514$54,537$40,616
11 years$73,969$66,148$59,063$52,665$46,904$33,739
12 years$67,112$59,371$52,417$46,194$40,646$28,216
13 years$61,314$53,654$46,831$40,783$35,444$23,727
14 years$56,349$48,770$42,078$36,202$31,070$20,040
15 years$52,049$44,552$37,991$32,286$27,356$16,989
16 years$48,291$40,876$34,444$28,909$24,178$14,446
17 years$44,978$37,645$31,343$25,974$21,438$12,316
18 years$42,037$34,786$28,612$23,408$19,061$10,522
19 years$39,408$32,239$26,193$21,151$16,990$9,005
20 years$37,046$29,958$24,039$19,156$15,176$7,719
21 years$34,911$27,905$22,111$17,386$13,580$6,625
22 years$32,972$26,048$20,379$15,808$12,173$5,693
23 years$31,205$24,362$18,816$14,396$10,927$4,896
24 years$29,588$22,826$17,402$13,130$9,822$4,215
25 years$28,102$21,421$16,117$11,991$8,838$3,630
26 years$26,733$20,132$14,948$10,964$7,961$3,129
27 years$25,467$18,947$13,881$10,036$7,177$2,698
28 years$24,294$17,853$12,904$9,195$6,476$2,327
29 years$23,203$16,843$12,008$8,432$5,848$2,009
30 years$22,188$15,906$11,185$7,738$5,284$1,734
31 years$21,239$15,037$10,428$7,107$4,777$1,497
32 years$20,352$14,228$9,729$6,532$4,321$1,293
33 years$19,520$13,474$9,084$6,006$3,911$1,117
34 years$18,739$12,770$8,488$5,526$3,541$965
35 years$18,004$12,112$7,935$5,087$3,207$834
36 years$17,312$11,496$7,423$4,685$2,906$721
37 years$16,658$10,919$6,948$4,317$2,634$623
38 years$16,041$10,377$6,507$3,979$2,388$539
39 years$15,456$9,867$6,096$3,669$2,165$466
40 years$14,902$9,388$5,714$3,384$1,964$403
41 years$14,376$8,936$5,358$3,122$1,782$348
42 years$13,877$8,511$5,026$2,881$1,617$301
43 years$13,403$8,109$4,716$2,660$1,467$260
44 years$12,951$7,730$4,427$2,456$1,332$225
45 years$12,520$7,371$4,157$2,268$1,209$195
46 years$12,110$7,032$3,904$2,095$1,098$169
47 years$11,718$6,710$3,668$1,936$997$146
48 years$11,343$6,406$3,447$1,789$905$126
49 years$10,985$6,117$3,240$1,653$822$109
50 years$10,642$5,843$3,046$1,528$747$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $10,900,000, adding $4,506 every year, while hoping to spend $26,407 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: 60/17/23 Blend
53$10,900,000$10,900,000$10,900,000$10,900,000
54$12,016,448$11,438,748$11,269,798$12,663,676
55$13,214,029$11,971,150$11,619,239$13,636,052
56$14,532,878$12,528,754$11,979,502$14,693,217
57$15,985,337$13,112,768$12,350,920$15,846,089
58$17,585,004$13,724,457$12,733,840$17,103,966
59$19,346,867$14,365,148$13,128,616$18,477,080
60$21,287,438$15,036,230$13,535,614$19,976,682
61$23,424,913$15,739,162$13,955,214$21,615,155
62$25,779,345$16,475,472$14,387,804$23,406,123
63$28,372,829$17,246,761$14,833,787$25,364,576
64$31,229,714$18,054,709$15,293,575$27,507,011
65$34,376,831$18,901,077$15,767,597$29,851,586
66$37,843,748$19,787,709$16,256,291$32,418,282
67$41,663,045$20,716,542$16,760,112$35,229,097
68$45,870,627$21,689,603$17,279,526$38,308,243
69$50,506,057$22,709,020$17,815,017$41,682,373
70$55,612,935$23,777,022$18,367,080$45,380,831
71$61,239,305$24,895,947$18,936,228$49,435,923
72$67,438,111$26,068,245$19,522,988$53,883,218
73$74,267,696$27,296,487$20,127,906$58,761,879
74$81,792,351$28,583,365$20,751,541$64,115,031
75$90,082,926$29,931,705$21,394,473$69,990,160
76$99,217,495$31,344,468$22,057,298$76,439,559
77$109,282,091$32,824,759$22,740,629$83,520,813
78$120,371,525$34,375,834$23,445,102$91,297,341
79$132,590,276$36,001,104$24,171,367$99,838,990
80$146,053,476$37,704,150$24,920,100$109,222,684
81$160,888,000$39,488,724$25,691,993$119,533,146
82$177,233,664$41,358,759$26,487,763$130,863,693
83$195,244,541$43,318,381$27,308,146$143,317,111
84$215,090,418$45,371,916$28,153,903$157,006,616
85$236,958,399$47,523,898$29,025,817$172,056,914
86$261,054,669$49,779,083$29,924,696$188,605,377
87$287,606,445$52,142,457$30,851,372$206,803,326
88$316,864,114$54,619,249$31,806,705$226,817,455
89$349,103,602$57,214,941$32,791,578$248,831,394
90$384,628,978$59,935,281$33,806,904$273,047,434
91$423,775,321$62,786,298$34,853,623$299,688,431
92$466,911,889$65,774,311$35,932,704$328,999,894
93$514,445,598$68,905,949$37,045,146$361,252,295
94$566,824,869$72,188,160$38,191,978$396,743,616
95$624,543,859$75,628,234$39,374,263$435,802,145
96$688,147,126$79,233,811$40,593,095$478,789,566
97$758,234,770$83,012,904$41,849,600$526,104,364
98$835,468,098$86,973,918$43,144,943$578,185,568
99$920,575,866$91,125,662$44,480,321$635,516,891
100$1,014,361,163$95,477,378$45,856,970$698,631,274