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%19.7%
1 years$900,112$892,094$884,272$876,637$869,181$835,355
2 years$445,600$437,301$429,258$421,460$413,896$380,225
3 years$294,116$285,781$277,758$270,033$262,593$230,138
4 years$218,389$210,079$202,137$194,544$187,283$156,291
5 years$172,964$164,705$156,867$149,428$142,370$112,919
6 years$142,691$134,494$126,772$119,499$112,652$84,763
7 years$121,076$112,948$105,348$98,247$91,616$65,279
8 years$104,872$96,817$89,343$82,417$76,005$51,193
9 years$92,275$84,297$76,951$70,201$64,007$40,685
10 years$82,204$74,303$67,088$60,514$54,537$32,660
11 years$73,969$66,148$59,063$52,665$46,904$26,422
12 years$67,112$59,371$52,417$46,194$40,646$21,505
13 years$61,314$53,654$46,831$40,783$35,444$17,588
14 years$56,349$48,770$42,078$36,202$31,070$14,439
15 years$52,049$44,552$37,991$32,286$27,356$11,891
16 years$48,291$40,876$34,444$28,909$24,178$9,817
17 years$44,978$37,645$31,343$25,974$21,438$8,122
18 years$42,037$34,786$28,612$23,408$19,061$6,731
19 years$39,408$32,239$26,193$21,151$16,990$5,585
20 years$37,046$29,958$24,039$19,156$15,176$4,640
21 years$34,911$27,905$22,111$17,386$13,580$3,859
22 years$32,972$26,048$20,379$15,808$12,173$3,211
23 years$31,205$24,362$18,816$14,396$10,927$2,674
24 years$29,588$22,826$17,402$13,130$9,822$2,228
25 years$28,102$21,421$16,117$11,991$8,838$1,857
26 years$26,733$20,132$14,948$10,964$7,961$1,549
27 years$25,467$18,947$13,881$10,036$7,177$1,292
28 years$24,294$17,853$12,904$9,195$6,476$1,078
29 years$23,203$16,843$12,008$8,432$5,848$899
30 years$22,188$15,906$11,185$7,738$5,284$751
31 years$21,239$15,037$10,428$7,107$4,777$627
32 years$20,352$14,228$9,729$6,532$4,321$523
33 years$19,520$13,474$9,084$6,006$3,911$437
34 years$18,739$12,770$8,488$5,526$3,541$365
35 years$18,004$12,112$7,935$5,087$3,207$305
36 years$17,312$11,496$7,423$4,685$2,906$254
37 years$16,658$10,919$6,948$4,317$2,634$213
38 years$16,041$10,377$6,507$3,979$2,388$178
39 years$15,456$9,867$6,096$3,669$2,165$148
40 years$14,902$9,388$5,714$3,384$1,964$124
41 years$14,376$8,936$5,358$3,122$1,782$103
42 years$13,877$8,511$5,026$2,881$1,617$86
43 years$13,403$8,109$4,716$2,660$1,467$72
44 years$12,951$7,730$4,427$2,456$1,332$60
45 years$12,520$7,371$4,157$2,268$1,209$50
46 years$12,110$7,032$3,904$2,095$1,098$42
47 years$11,718$6,710$3,668$1,936$997$35
48 years$11,343$6,406$3,447$1,789$905$29
49 years$10,985$6,117$3,240$1,653$822$25
50 years$10,642$5,843$3,046$1,528$747$20

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 $4,496 every year, while hoping to spend $41,918 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: 54/28/18 Blend
53$10,900,000$10,900,000$10,900,000$10,900,000
54$12,016,438$11,438,738$11,269,788$12,606,699
55$13,197,514$11,954,635$11,602,725$13,526,684
56$14,497,655$12,494,407$11,945,411$14,522,769
57$15,928,961$13,059,179$12,298,128$15,606,120
58$17,504,766$13,650,129$12,661,166$16,785,072
59$19,239,761$14,268,494$13,034,824$18,068,785
60$21,150,135$14,915,569$13,419,408$19,467,333
61$23,253,726$15,592,709$13,815,236$20,991,786
62$25,570,192$16,301,337$14,222,632$22,654,321
63$28,121,191$17,042,943$14,641,930$24,468,327
64$30,930,592$17,819,086$15,073,474$26,448,529
65$34,024,695$18,631,404$15,517,618$28,611,125
66$37,432,480$19,481,609$15,974,724$30,973,931
67$41,185,883$20,371,498$16,445,168$33,556,548
68$45,320,095$21,302,953$16,929,333$36,380,544
69$49,873,894$22,277,947$17,427,615$39,469,647
70$54,890,012$23,298,547$17,940,421$42,849,968
71$60,415,536$24,366,919$18,468,168$46,550,244
72$66,502,357$25,485,334$19,011,287$50,602,099
73$73,207,653$26,656,171$19,570,221$55,040,341
74$80,594,433$27,881,924$20,145,424$59,903,284
75$88,732,133$29,165,206$20,737,363$65,233,100
76$97,697,266$30,508,756$21,346,520$71,076,216
77$107,574,148$31,915,446$21,973,389$77,483,741
78$118,455,692$33,388,284$22,618,479$84,511,947
79$130,444,287$34,930,424$23,282,312$92,222,784
80$143,652,761$36,545,171$23,965,426$100,684,468
81$158,205,449$38,235,991$24,668,374$109,972,106
82$174,239,364$40,006,514$25,391,724$120,168,407
83$191,905,493$41,860,547$26,136,061$131,364,445
84$211,370,218$43,802,079$26,901,984$143,660,516
85$232,816,893$45,835,293$27,690,113$157,167,073
86$256,447,566$47,964,572$28,501,081$172,005,757
87$282,484,893$50,194,512$29,335,543$188,310,537
88$311,174,237$52,529,928$30,194,169$206,228,964
89$342,785,985$54,975,870$31,077,649$225,923,552
90$377,618,098$57,537,631$31,986,693$247,573,297
91$415,998,927$60,220,757$32,922,030$271,375,361
92$458,290,310$63,031,067$33,884,410$297,546,914
93$504,890,987$65,974,655$34,874,604$326,327,173
94$556,240,369$69,057,914$35,893,404$357,979,646
95$612,822,678$72,287,543$36,941,625$392,794,606
96$675,171,525$75,670,567$38,020,103$431,091,813
97$743,874,944$79,214,348$39,129,700$473,223,516
98$819,580,943$82,926,606$40,271,300$519,577,765
99$903,003,623$86,815,433$41,445,812$570,582,053
100$994,929,917$90,889,314$42,654,172$626,707,335