Can I retire at age 54 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$850,564$842,988$835,596$828,381$821,336$797,602
2 years$421,071$413,229$405,629$398,260$391,113$367,389
3 years$277,926$270,050$262,469$255,169$248,138$225,169
4 years$206,367$198,515$191,010$183,835$176,974$154,935
5 years$163,443$155,638$148,232$141,203$134,533$113,485
6 years$134,836$127,090$119,793$112,921$106,451$86,413
7 years$114,411$106,730$99,549$92,839$86,573$67,545
8 years$99,099$91,488$84,425$77,880$71,821$53,791
9 years$87,196$79,656$72,715$66,337$60,484$43,435
10 years$77,679$70,213$63,395$57,183$51,535$35,444
11 years$69,898$62,507$55,812$49,766$44,322$29,161
12 years$63,418$56,103$49,532$43,652$38,408$24,149
13 years$57,939$50,700$44,253$38,538$33,493$20,103
14 years$53,247$46,085$39,762$34,210$29,360$16,805
15 years$49,184$42,100$35,900$30,509$25,851$14,098
16 years$45,633$38,626$32,548$27,317$22,847$11,860
17 years$42,503$35,573$29,618$24,544$20,258$10,001
18 years$39,723$32,871$27,037$22,120$18,012$8,450
19 years$37,239$30,464$24,751$19,987$16,055$7,151
20 years$35,006$28,309$22,715$18,102$14,340$6,061
21 years$32,989$26,369$20,894$16,429$12,833$5,142
22 years$31,157$24,614$19,257$14,937$11,503$4,367
23 years$29,487$23,021$17,780$13,604$10,326$3,712
24 years$27,959$21,569$16,444$12,407$9,281$3,158
25 years$26,555$20,242$15,230$11,331$8,351$2,687
26 years$25,261$19,024$14,125$10,361$7,523$2,288
27 years$24,065$17,904$13,116$9,483$6,782$1,949
28 years$22,956$16,871$12,193$8,689$6,120$1,661
29 years$21,926$15,916$11,347$7,968$5,526$1,416
30 years$20,966$15,031$10,569$7,312$4,993$1,208
31 years$20,070$14,209$9,854$6,716$4,514$1,030
32 years$19,232$13,444$9,194$6,172$4,083$879
33 years$18,446$12,732$8,584$5,676$3,696$750
34 years$17,708$12,067$8,020$5,222$3,346$640
35 years$17,013$11,446$7,499$4,807$3,030$546
36 years$16,359$10,863$7,015$4,427$2,746$466
37 years$15,741$10,318$6,566$4,079$2,489$398
38 years$15,158$9,806$6,148$3,760$2,256$339
39 years$14,605$9,324$5,760$3,467$2,046$290
40 years$14,082$8,871$5,399$3,198$1,856$247
41 years$13,585$8,445$5,063$2,950$1,684$211
42 years$13,113$8,042$4,749$2,723$1,528$180
43 years$12,665$7,663$4,456$2,513$1,386$154
44 years$12,238$7,304$4,183$2,321$1,258$131
45 years$11,831$6,965$3,928$2,143$1,142$112
46 years$11,443$6,644$3,689$1,980$1,037$96
47 years$11,073$6,341$3,466$1,829$942$82
48 years$10,719$6,053$3,257$1,690$855$70
49 years$10,380$5,780$3,061$1,562$777$60
50 years$10,056$5,522$2,878$1,444$706$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $10,300,000, adding $2,613 every year, while hoping to spend $35,834 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: 59/34/7 Blend
53$10,300,000$10,300,000$10,300,000$10,300,000
54$11,353,295$10,807,395$10,647,745$12,006,349
55$12,473,204$11,298,831$10,966,318$12,936,046
56$13,706,143$11,813,145$11,294,361$13,944,941
57$15,063,603$12,351,422$11,632,155$15,044,052
58$16,558,245$12,914,797$11,979,988$16,242,037
59$18,204,024$13,504,459$12,338,154$17,548,414
60$20,016,311$14,121,655$12,706,960$18,973,646
61$22,012,050$14,767,692$13,086,718$20,529,235
62$24,209,908$15,443,937$13,477,752$22,227,831
63$26,630,454$16,151,826$13,880,393$24,083,345
64$29,296,358$16,892,862$14,294,983$26,111,076
65$32,232,595$17,668,622$14,721,874$28,327,850
66$35,466,692$18,480,756$15,161,428$30,752,180
67$39,028,976$19,330,995$15,614,018$33,404,429
68$42,952,872$20,221,153$16,080,028$36,307,003
69$47,275,207$21,153,132$16,559,851$39,484,553
70$52,036,567$22,128,924$17,053,894$42,964,208
71$57,281,672$23,150,617$17,562,576$46,775,820
72$63,059,806$24,220,401$18,086,325$50,952,243
73$69,425,275$25,340,569$18,625,585$55,529,637
74$76,437,922$26,513,526$19,180,812$60,547,801
75$84,163,695$27,741,794$19,752,474$66,050,546
76$92,675,263$29,028,013$20,341,053$72,086,098
77$102,052,708$30,374,953$20,947,046$78,707,548
78$112,384,276$31,785,518$21,570,964$85,973,344
79$123,767,212$33,262,749$22,213,332$93,947,837
80$136,308,681$34,809,836$22,874,691$102,701,879
81$150,126,771$36,430,123$23,555,598$112,313,483
82$165,351,616$38,127,114$24,256,625$122,868,551
83$182,126,621$39,904,482$24,978,362$134,461,673
84$200,609,814$41,766,080$25,721,415$147,197,016
85$220,975,341$43,715,944$26,486,408$161,189,290
86$243,415,107$45,758,305$27,273,984$176,564,824
87$268,140,587$47,897,602$28,084,801$193,462,745
88$295,384,826$50,138,483$28,919,542$212,036,283
89$325,404,635$52,485,826$29,778,903$232,454,202
90$358,483,018$54,944,741$30,663,606$254,902,378
91$394,931,839$57,520,587$31,574,391$279,585,546
92$435,094,772$60,218,981$32,512,018$306,729,214
93$479,350,541$63,045,813$33,477,273$336,581,779
94$528,116,495$66,007,257$34,470,961$369,416,853
95$581,852,551$69,109,786$35,493,911$405,535,834
96$641,065,532$72,360,187$36,546,978$445,270,731
97$706,313,954$75,765,574$37,631,039$488,987,280
98$778,213,297$79,333,406$38,746,998$537,088,382
99$857,441,815$83,071,505$39,895,785$590,017,880
100$944,746,941$86,988,069$41,078,354$648,264,734