Can I retire at age 54 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$891,854$883,910$876,159$868,594$861,207$831,975
2 years$441,512$433,289$425,320$417,593$410,099$380,941
3 years$291,417$283,159$275,210$267,556$260,183$232,016
4 years$216,385$208,152$200,283$192,759$185,565$158,603
5 years$171,377$163,194$155,427$148,057$141,064$115,378
6 years$141,382$133,260$125,608$118,403$111,619$87,231
7 years$119,965$111,911$104,381$97,345$90,776$67,681
8 years$103,910$95,929$88,524$81,661$75,307$53,488
9 years$91,429$83,523$76,245$69,557$63,420$42,849
10 years$81,450$73,622$66,472$59,959$54,037$34,681
11 years$73,291$65,541$58,521$52,182$46,473$28,296
12 years$66,496$58,826$51,936$45,771$40,273$23,231
13 years$60,752$53,162$46,401$40,409$35,119$19,169
14 years$55,832$48,322$41,692$35,870$30,785$15,881
15 years$51,572$44,143$37,642$31,990$27,105$13,200
16 years$47,848$40,501$34,128$28,644$23,956$11,001
17 years$44,566$37,300$31,055$25,736$21,241$9,189
18 years$41,651$34,467$28,349$23,193$18,886$7,689
19 years$39,047$31,943$25,953$20,957$16,834$6,444
20 years$36,706$29,683$23,818$18,981$15,036$5,407
21 years$34,590$27,649$21,908$17,226$13,456$4,542
22 years$32,670$25,809$20,192$15,663$12,061$3,818
23 years$30,919$24,139$18,643$14,264$10,827$3,213
24 years$29,316$22,616$17,242$13,010$9,731$2,705
25 years$27,844$21,224$15,970$11,881$8,757$2,278
26 years$26,487$19,948$14,811$10,864$7,888$1,920
27 years$25,233$18,773$13,753$9,944$7,112$1,618
28 years$24,071$17,690$12,785$9,111$6,417$1,364
29 years$22,991$16,688$11,898$8,355$5,794$1,151
30 years$21,984$15,760$11,082$7,667$5,235$971
31 years$21,044$14,899$10,332$7,042$4,733$819
32 years$20,165$14,097$9,640$6,472$4,282$691
33 years$19,341$13,350$9,001$5,951$3,875$583
34 years$18,567$12,653$8,410$5,476$3,508$492
35 years$17,839$12,001$7,863$5,041$3,178$416
36 years$17,153$11,391$7,355$4,642$2,879$351
37 years$16,505$10,819$6,884$4,277$2,609$296
38 years$15,893$10,282$6,447$3,942$2,366$250
39 years$15,314$9,777$6,040$3,635$2,145$211
40 years$14,765$9,302$5,661$3,353$1,946$178
41 years$14,245$8,854$5,309$3,093$1,765$151
42 years$13,750$8,433$4,980$2,855$1,602$127
43 years$13,280$8,035$4,673$2,635$1,454$107
44 years$12,832$7,659$4,386$2,433$1,320$91
45 years$12,405$7,303$4,118$2,247$1,198$77
46 years$11,998$6,967$3,868$2,076$1,088$65
47 years$11,610$6,649$3,634$1,918$988$55
48 years$11,239$6,347$3,415$1,772$897$46
49 years$10,884$6,061$3,210$1,638$815$39
50 years$10,545$5,790$3,018$1,514$740$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $10,800,000, adding $5,753 every year, while hoping to spend $31,707 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: 48/32/20 Blend
53$10,800,000$10,800,000$10,800,000$10,800,000
54$11,907,534$11,335,134$11,167,734$12,411,534
55$13,088,367$11,856,820$11,508,117$13,284,454
56$14,388,581$12,403,005$11,858,841$14,228,130
57$15,820,322$12,974,858$12,220,217$15,252,197
58$17,396,969$13,573,600$12,592,569$16,364,212
59$19,133,268$14,200,515$12,976,228$17,572,473
60$21,045,467$14,856,945$13,371,537$18,886,096
61$23,151,468$15,544,300$13,778,847$20,315,098
62$25,471,002$16,264,054$14,198,523$21,870,484
63$28,025,808$17,017,757$14,630,937$23,564,351
64$30,839,843$17,807,029$15,076,475$25,409,996
65$33,939,504$18,633,570$15,535,534$27,422,034
66$37,353,881$19,499,163$16,008,523$29,616,535
67$41,115,030$20,405,675$16,495,861$32,011,170
68$45,258,275$21,355,065$16,997,984$34,625,370
69$49,822,540$22,349,384$17,515,337$37,480,507
70$54,850,719$23,390,784$18,048,382$40,600,088
71$60,390,081$24,481,521$18,597,591$44,009,969
72$66,492,712$25,623,958$19,163,453$47,738,599
73$73,216,011$26,820,575$19,746,471$51,817,273
74$80,623,229$28,073,968$20,347,163$56,280,430
75$88,784,068$29,386,862$20,966,063$61,165,963
76$97,775,337$30,762,112$21,603,719$66,515,573
77$107,681,676$32,202,711$22,260,699$72,375,153
78$118,596,360$33,711,796$22,937,585$78,795,217
79$130,622,173$35,292,659$23,634,979$85,831,361
80$143,872,382$36,948,746$24,353,498$93,544,784
81$158,471,804$38,683,674$25,093,780$102,002,856
82$174,557,988$40,501,234$25,856,481$111,279,742
83$192,282,507$42,405,399$26,642,277$121,457,093
84$211,812,395$44,400,335$27,451,866$132,624,806
85$233,331,719$46,490,411$28,285,963$144,881,858
86$257,043,320$48,680,207$29,145,308$158,337,236
87$283,170,724$50,974,523$30,030,661$173,110,945
88$311,960,257$53,378,393$30,942,807$189,335,132
89$343,683,364$55,897,096$31,882,553$207,155,322
90$378,639,179$58,536,165$32,850,730$226,731,772
91$417,157,340$61,301,402$33,848,194$248,240,973
92$459,601,108$64,198,890$34,875,828$271,877,301
93$506,370,792$67,235,007$35,934,539$297,854,831
94$557,907,531$70,416,440$37,025,264$326,409,347
95$614,697,455$73,750,201$38,148,966$357,800,546
96$677,276,276$77,243,643$39,306,638$392,314,471
97$746,234,348$80,904,473$40,499,302$430,266,194
98$822,222,234$84,740,774$41,728,011$472,002,768
99$905,956,851$88,761,021$42,993,849$517,906,485
100$998,228,240$92,974,101$44,297,933$568,398,456