Can I retire at age 54 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$883,596$875,725$868,047$860,552$853,233$832,269
2 years$437,424$429,277$421,382$413,727$406,301$385,310
3 years$288,719$280,537$272,662$265,079$257,774$237,411
4 years$214,381$206,225$198,428$190,974$183,847$164,269
5 years$169,790$161,683$153,988$146,687$139,757$121,020
6 years$140,073$132,026$124,445$117,306$110,585$92,706
7 years$118,854$110,875$103,415$96,444$89,935$72,917
8 years$102,948$95,041$87,704$80,905$74,610$58,445
9 years$90,582$82,750$75,539$68,913$62,833$47,508
10 years$80,696$72,940$65,857$59,403$53,536$39,034
11 years$72,612$64,934$57,979$51,699$46,043$32,343
12 years$65,881$58,281$51,455$45,347$39,900$26,978
13 years$60,189$52,669$45,972$40,034$34,794$22,624
14 years$55,315$47,875$41,306$35,538$30,500$19,057
15 years$51,094$43,735$37,294$31,694$26,854$16,111
16 years$47,405$40,126$33,812$28,378$23,734$13,661
17 years$44,153$36,954$30,768$25,498$21,044$11,612
18 years$41,266$34,147$28,087$22,979$18,712$9,891
19 years$38,685$31,648$25,712$20,763$16,678$8,441
20 years$36,366$29,408$23,597$18,805$14,897$7,213
21 years$34,270$27,393$21,705$17,067$13,331$6,172
22 years$32,367$25,570$20,005$15,518$11,950$5,287
23 years$30,633$23,915$18,471$14,132$10,727$4,533
24 years$29,045$22,407$17,082$12,889$9,641$3,890
25 years$27,586$21,028$15,822$11,771$8,676$3,340
26 years$26,242$19,763$14,674$10,763$7,815$2,869
27 years$25,000$18,599$13,626$9,852$7,046$2,466
28 years$23,848$17,526$12,667$9,026$6,357$2,120
29 years$22,778$16,534$11,788$8,277$5,741$1,824
30 years$21,781$15,614$10,980$7,596$5,187$1,569
31 years$20,850$14,761$10,236$6,977$4,690$1,351
32 years$19,979$13,967$9,551$6,412$4,242$1,163
33 years$19,162$13,227$8,917$5,896$3,839$1,001
34 years$18,395$12,536$8,332$5,425$3,476$862
35 years$17,674$11,890$7,790$4,994$3,148$743
36 years$16,994$11,285$7,287$4,599$2,852$640
37 years$16,353$10,718$6,821$4,238$2,585$551
38 years$15,746$10,186$6,387$3,906$2,344$475
39 years$15,172$9,686$5,984$3,602$2,125$409
40 years$14,629$9,216$5,609$3,322$1,928$353
41 years$14,113$8,772$5,259$3,065$1,749$304
42 years$13,623$8,355$4,933$2,828$1,587$262
43 years$13,157$7,960$4,629$2,611$1,440$226
44 years$12,713$7,588$4,345$2,411$1,307$194
45 years$12,290$7,236$4,080$2,226$1,187$168
46 years$11,887$6,903$3,832$2,057$1,078$144
47 years$11,503$6,587$3,600$1,900$979$125
48 years$11,135$6,288$3,383$1,756$889$107
49 years$10,783$6,005$3,180$1,623$807$93
50 years$10,447$5,736$2,990$1,500$733$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $10,700,000, adding $2,496 every year, while hoping to spend $51,696 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: 50/40/10 Blend
53$10,700,000$10,700,000$10,700,000$10,700,000
54$11,793,975$11,226,875$11,061,025$12,352,243
55$12,941,956$11,721,987$11,376,565$13,229,399
56$14,205,299$12,239,628$11,700,943$14,176,356
57$15,595,715$12,780,846$12,034,401$15,204,165
58$17,126,111$13,346,740$12,377,185$16,320,425
59$18,810,705$13,938,461$12,729,552$17,533,481
60$20,665,166$14,557,215$13,091,762$18,852,497
61$22,706,759$15,204,265$13,464,082$20,287,546
62$24,954,508$15,880,933$13,846,788$21,849,693
63$27,429,374$16,588,605$14,240,162$23,551,098
64$30,154,456$17,328,733$14,644,493$25,405,127
65$33,155,206$18,102,836$15,060,079$27,426,474
66$36,459,670$18,912,508$15,487,224$29,631,292
67$40,098,752$19,759,416$15,926,242$32,037,342
68$44,106,507$20,645,309$16,377,453$34,664,154
69$48,520,459$21,572,019$16,841,187$37,533,208
70$53,381,960$22,541,462$17,317,781$40,668,127
71$58,736,575$23,555,648$17,807,581$44,094,898
72$64,634,515$24,616,685$18,310,945$47,842,106
73$71,131,110$25,726,776$18,828,235$51,941,203
74$78,287,329$26,888,234$19,359,827$56,426,792
75$86,170,359$28,103,480$19,906,104$61,336,947
76$94,854,236$29,375,051$20,467,459$66,713,569
77$104,420,546$30,705,606$21,044,296$72,602,769
78$114,959,191$32,097,930$21,637,030$79,055,294
79$126,569,243$33,554,943$22,246,084$86,127,002
80$139,359,872$35,079,701$22,871,894$93,879,375
81$153,451,383$36,675,411$23,514,907$102,380,091
82$168,976,348$38,345,430$24,175,580$111,703,654
83$186,080,856$40,093,277$24,854,383$121,932,084
84$204,925,895$41,922,639$25,551,797$133,155,685
85$225,688,869$43,837,381$26,268,314$145,473,876
86$248,565,273$45,841,552$27,004,442$158,996,129
87$273,770,539$47,939,396$27,760,699$173,842,980
88$301,542,068$50,135,360$28,537,616$190,147,158
89$332,141,471$52,434,105$29,335,738$208,054,825
90$365,857,039$54,840,514$30,155,624$227,726,936
91$403,006,465$57,359,708$30,997,846$249,340,746
92$443,939,841$59,997,050$31,862,990$273,091,469
93$489,042,963$62,758,164$32,751,658$299,194,100
94$538,740,973$65,648,942$33,664,467$327,885,429
95$593,502,373$68,675,560$34,602,046$359,426,258
96$653,843,444$71,844,492$35,565,044$394,103,841
97$720,333,126$75,162,522$36,554,123$432,234,579
98$793,598,380$78,636,761$37,569,962$474,166,983
99$874,330,116$82,274,664$38,613,257$520,284,945
100$963,289,708$86,084,042$39,684,721$571,011,332