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

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$900,112$892,094$884,272$876,637$869,181$842,708
2 years$445,600$437,301$429,258$421,460$413,896$387,452
3 years$294,116$285,781$277,758$270,033$262,593$237,007
4 years$218,389$210,079$202,137$194,544$187,283$162,752
5 years$172,964$164,705$156,867$149,428$142,370$118,960
6 years$142,691$134,494$126,772$119,499$112,652$90,384
7 years$121,076$112,948$105,348$98,247$91,616$70,488
8 years$104,872$96,817$89,343$82,417$76,005$56,003
9 years$92,275$84,297$76,951$70,201$64,007$45,111
10 years$82,204$74,303$67,088$60,514$54,537$36,719
11 years$73,969$66,148$59,063$52,665$46,904$30,133
12 years$67,112$59,371$52,417$46,194$40,646$24,888
13 years$61,314$53,654$46,831$40,783$35,444$20,662
14 years$56,349$48,770$42,078$36,202$31,070$17,225
15 years$52,049$44,552$37,991$32,286$27,356$14,409
16 years$48,291$40,876$34,444$28,909$24,178$12,087
17 years$44,978$37,645$31,343$25,974$21,438$10,163
18 years$42,037$34,786$28,612$23,408$19,061$8,561
19 years$39,408$32,239$26,193$21,151$16,990$7,224
20 years$37,046$29,958$24,039$19,156$15,176$6,103
21 years$34,911$27,905$22,111$17,386$13,580$5,163
22 years$32,972$26,048$20,379$15,808$12,173$4,371
23 years$31,205$24,362$18,816$14,396$10,927$3,704
24 years$29,588$22,826$17,402$13,130$9,822$3,140
25 years$28,102$21,421$16,117$11,991$8,838$2,664
26 years$26,733$20,132$14,948$10,964$7,961$2,261
27 years$25,467$18,947$13,881$10,036$7,177$1,920
28 years$24,294$17,853$12,904$9,195$6,476$1,631
29 years$23,203$16,843$12,008$8,432$5,848$1,386
30 years$22,188$15,906$11,185$7,738$5,284$1,178
31 years$21,239$15,037$10,428$7,107$4,777$1,001
32 years$20,352$14,228$9,729$6,532$4,321$851
33 years$19,520$13,474$9,084$6,006$3,911$724
34 years$18,739$12,770$8,488$5,526$3,541$616
35 years$18,004$12,112$7,935$5,087$3,207$524
36 years$17,312$11,496$7,423$4,685$2,906$445
37 years$16,658$10,919$6,948$4,317$2,634$379
38 years$16,041$10,377$6,507$3,979$2,388$322
39 years$15,456$9,867$6,096$3,669$2,165$274
40 years$14,902$9,388$5,714$3,384$1,964$233
41 years$14,376$8,936$5,358$3,122$1,782$198
42 years$13,877$8,511$5,026$2,881$1,617$169
43 years$13,403$8,109$4,716$2,660$1,467$144
44 years$12,951$7,730$4,427$2,456$1,332$122
45 years$12,520$7,371$4,157$2,268$1,209$104
46 years$12,110$7,032$3,904$2,095$1,098$89
47 years$11,718$6,710$3,668$1,936$997$75
48 years$11,343$6,406$3,447$1,789$905$64
49 years$10,985$6,117$3,240$1,653$822$55
50 years$10,642$5,843$3,046$1,528$747$46

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 $6,845 every year, while hoping to spend $35,007 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: 27/49/24 Blend
53$10,900,000$10,900,000$10,900,000$10,900,000
54$12,018,861$11,441,161$11,272,211$12,252,501
55$13,207,537$11,964,530$11,612,582$12,962,263
56$14,516,286$12,512,372$11,963,184$13,720,297
57$15,957,316$13,085,847$12,324,319$14,533,482
58$17,544,083$13,686,175$12,696,305$15,406,525
59$19,291,413$14,314,631$13,079,465$16,344,573
60$21,215,642$14,972,552$13,474,132$17,353,259
61$23,334,772$15,661,342$13,880,650$18,438,745
62$25,668,641$16,382,470$14,299,373$19,607,775
63$28,239,106$17,137,475$14,730,666$20,867,736
64$31,070,255$17,927,971$15,174,904$22,226,717
65$34,188,630$18,755,651$15,632,472$23,693,582
66$37,623,480$19,622,287$16,103,769$25,278,043
67$41,407,033$20,529,738$16,589,204$26,990,746
68$45,574,807$21,479,952$17,089,199$28,843,365
69$50,165,938$22,474,970$17,604,188$30,848,702
70$55,223,554$23,516,933$18,134,618$33,020,800
71$60,795,177$24,608,084$18,680,949$35,375,066
72$66,933,179$25,750,774$19,243,655$37,928,410
73$73,695,270$26,947,468$19,823,223$40,699,390
74$81,145,043$28,200,750$20,420,157$43,708,381
75$89,352,578$29,513,327$21,034,973$46,977,753
76$98,395,100$30,888,040$21,668,204$50,532,078
77$108,357,709$32,327,862$22,320,397$54,398,340
78$119,334,183$33,835,915$22,992,118$58,606,186
79$131,427,863$35,415,468$23,683,947$63,188,189
80$144,752,628$37,069,949$24,396,482$68,180,144
81$159,433,971$38,802,952$25,130,340$73,621,390
82$175,610,184$40,618,244$25,886,154$79,555,167
83$193,433,660$42,519,775$26,664,577$86,029,012
84$213,072,334$44,511,685$27,466,281$93,095,186
85$234,711,269$46,598,314$28,291,959$100,811,156
86$258,554,400$48,784,214$29,142,321$109,240,116
87$284,826,462$51,074,153$30,018,102$118,451,569
88$313,775,110$53,473,135$30,920,056$128,521,960
89$345,673,254$55,986,401$31,848,961$139,535,378
90$380,821,640$58,619,450$32,805,616$151,584,331
91$419,551,689$61,378,044$33,790,846$164,770,598
92$462,228,619$64,268,226$34,805,497$179,206,162
93$509,254,899$67,296,330$35,850,442$195,014,246
94$561,074,047$70,468,999$36,926,580$212,330,451
95$618,174,816$73,793,196$38,034,837$231,304,010
96$681,095,806$77,276,221$39,176,163$252,099,168
97$750,430,553$80,925,731$40,351,539$274,896,703
98$826,833,128$84,749,750$41,561,974$299,895,602
99$911,024,313$88,756,694$42,808,506$327,314,912
100$1,003,798,406$92,955,385$44,092,204$357,395,767