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%14.1%
1 years$900,112$892,094$884,272$876,637$869,181$854,430
2 years$445,600$437,301$429,258$421,460$413,896$399,080
3 years$294,116$285,781$277,758$270,033$262,593$248,173
4 years$218,389$210,079$202,137$194,544$187,283$173,371
5 years$172,964$164,705$156,867$149,428$142,370$129,005
6 years$142,691$134,494$126,772$119,499$112,652$99,851
7 years$121,076$112,948$105,348$98,247$91,616$79,381
8 years$104,872$96,817$89,343$82,417$76,005$64,333
9 years$92,275$84,297$76,951$70,201$64,007$52,893
10 years$82,204$74,303$67,088$60,514$54,537$43,971
11 years$73,969$66,148$59,063$52,665$46,904$36,874
12 years$67,112$59,371$52,417$46,194$40,646$31,140
13 years$61,314$53,654$46,831$40,783$35,444$26,447
14 years$56,349$48,770$42,078$36,202$31,070$22,566
15 years$52,049$44,552$37,991$32,286$27,356$19,330
16 years$48,291$40,876$34,444$28,909$24,178$16,612
17 years$44,978$37,645$31,343$25,974$21,438$14,315
18 years$42,037$34,786$28,612$23,408$19,061$12,365
19 years$39,408$32,239$26,193$21,151$16,990$10,701
20 years$37,046$29,958$24,039$19,156$15,176$9,277
21 years$34,911$27,905$22,111$17,386$13,580$8,054
22 years$32,972$26,048$20,379$15,808$12,173$7,001
23 years$31,205$24,362$18,816$14,396$10,927$6,092
24 years$29,588$22,826$17,402$13,130$9,822$5,306
25 years$28,102$21,421$16,117$11,991$8,838$4,625
26 years$26,733$20,132$14,948$10,964$7,961$4,034
27 years$25,467$18,947$13,881$10,036$7,177$3,521
28 years$24,294$17,853$12,904$9,195$6,476$3,075
29 years$23,203$16,843$12,008$8,432$5,848$2,687
30 years$22,188$15,906$11,185$7,738$5,284$2,348
31 years$21,239$15,037$10,428$7,107$4,777$2,053
32 years$20,352$14,228$9,729$6,532$4,321$1,795
33 years$19,520$13,474$9,084$6,006$3,911$1,571
34 years$18,739$12,770$8,488$5,526$3,541$1,374
35 years$18,004$12,112$7,935$5,087$3,207$1,203
36 years$17,312$11,496$7,423$4,685$2,906$1,053
37 years$16,658$10,919$6,948$4,317$2,634$922
38 years$16,041$10,377$6,507$3,979$2,388$807
39 years$15,456$9,867$6,096$3,669$2,165$707
40 years$14,902$9,388$5,714$3,384$1,964$619
41 years$14,376$8,936$5,358$3,122$1,782$542
42 years$13,877$8,511$5,026$2,881$1,617$475
43 years$13,403$8,109$4,716$2,660$1,467$416
44 years$12,951$7,730$4,427$2,456$1,332$364
45 years$12,520$7,371$4,157$2,268$1,209$319
46 years$12,110$7,032$3,904$2,095$1,098$280
47 years$11,718$6,710$3,668$1,936$997$245
48 years$11,343$6,406$3,447$1,789$905$215
49 years$10,985$6,117$3,240$1,653$822$188
50 years$10,642$5,843$3,046$1,528$747$165

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 $5,530 every year, while hoping to spend $51,808 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: 48/47/5 Blend
53$10,900,000$10,900,000$10,900,000$10,900,000
54$12,017,504$11,439,804$11,270,854$12,578,947
55$13,188,166$11,945,231$11,593,305$13,468,515
56$14,476,500$12,473,688$11,924,821$14,427,795
57$15,894,452$13,026,248$12,265,651$15,468,008
58$17,455,188$13,604,036$12,616,052$16,596,685
59$19,173,213$14,208,230$12,976,286$17,822,093
60$21,064,511$14,840,063$13,346,622$19,153,308
61$23,146,693$15,500,829$13,727,336$20,600,300
62$25,439,167$16,191,881$14,118,713$22,174,015
63$27,963,316$16,914,636$14,521,044$23,886,478
64$30,742,703$17,670,582$14,934,627$25,750,902
65$33,803,291$18,461,273$15,359,770$27,781,804
66$37,173,692$19,288,341$15,796,788$29,995,138
67$40,885,432$20,153,493$16,246,003$32,408,438
68$44,973,249$21,058,517$16,707,748$35,040,981
69$49,475,426$22,005,290$17,182,362$37,913,956
70$54,434,144$22,995,773$17,670,196$41,050,664
71$59,895,886$24,032,025$18,171,607$44,476,725
72$65,911,873$25,116,202$18,686,963$48,220,314
73$72,538,550$26,250,562$19,216,642$52,312,422
74$79,838,113$27,437,470$19,761,030$56,787,136
75$87,879,102$28,679,407$20,320,526$61,681,952
76$96,737,042$29,978,970$20,895,536$67,038,123
77$106,495,162$31,338,882$21,486,478$72,901,037
78$117,245,175$32,761,993$22,093,781$79,320,637
79$129,088,146$34,251,294$22,717,886$86,351,876
80$142,135,445$35,809,915$23,359,243$94,055,233
81$156,509,798$37,441,138$24,018,315$102,497,268
82$172,346,445$39,148,402$24,695,577$111,751,238
83$189,794,420$40,935,311$25,391,515$121,897,776
84$209,017,949$42,805,640$26,106,630$133,025,641
85$230,198,011$44,763,347$26,841,432$145,232,540
86$253,534,035$46,812,579$27,596,448$158,626,036
87$279,245,793$48,957,681$28,372,216$173,324,550
88$307,575,466$51,203,210$29,169,287$189,458,460
89$338,789,934$53,553,937$29,988,228$207,171,319
90$373,183,293$56,014,865$30,829,619$226,621,187
91$411,079,633$58,591,238$31,694,056$247,982,113
92$452,836,096$61,288,550$32,582,148$271,445,750
93$498,846,249$64,112,560$33,494,521$297,223,152
94$549,543,795$67,069,304$34,431,815$325,546,740
95$605,406,670$70,165,108$35,394,689$356,672,476
96$666,961,555$73,406,602$36,383,816$390,882,257
97$734,788,845$76,800,737$37,399,885$428,486,553
98$809,528,131$80,354,797$38,443,605$469,827,308
99$891,884,235$84,076,417$39,515,701$515,281,149
100$982,633,865$87,973,600$40,616,915$565,262,907