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%13.1%
1 years$900,112$892,094$884,272$876,637$869,181$857,964
2 years$445,600$437,301$429,258$421,460$413,896$402,611
3 years$294,116$285,781$277,758$270,033$262,593$251,591
4 years$218,389$210,079$202,137$194,544$187,283$176,649
5 years$172,964$164,705$156,867$149,428$142,370$132,134
6 years$142,691$134,494$126,772$119,499$112,652$102,827
7 years$121,076$112,948$105,348$98,247$91,616$82,206
8 years$104,872$96,817$89,343$82,417$76,005$67,008
9 years$92,275$84,297$76,951$70,201$64,007$55,419
10 years$82,204$74,303$67,088$60,514$54,537$46,353
11 years$73,969$66,148$59,063$52,665$46,904$39,116
12 years$67,112$59,371$52,417$46,194$40,646$33,245
13 years$61,314$53,654$46,831$40,783$35,444$28,420
14 years$56,349$48,770$42,078$36,202$31,070$24,414
15 years$52,049$44,552$37,991$32,286$27,356$21,056
16 years$48,291$40,876$34,444$28,909$24,178$18,222
17 years$44,978$37,645$31,343$25,974$21,438$15,814
18 years$42,037$34,786$28,612$23,408$19,061$13,758
19 years$39,408$32,239$26,193$21,151$16,990$11,995
20 years$37,046$29,958$24,039$19,156$15,176$10,476
21 years$34,911$27,905$22,111$17,386$13,580$9,164
22 years$32,972$26,048$20,379$15,808$12,173$8,026
23 years$31,205$24,362$18,816$14,396$10,927$7,039
24 years$29,588$22,826$17,402$13,130$9,822$6,178
25 years$28,102$21,421$16,117$11,991$8,838$5,428
26 years$26,733$20,132$14,948$10,964$7,961$4,773
27 years$25,467$18,947$13,881$10,036$7,177$4,199
28 years$24,294$17,853$12,904$9,195$6,476$3,697
29 years$23,203$16,843$12,008$8,432$5,848$3,256
30 years$22,188$15,906$11,185$7,738$5,284$2,870
31 years$21,239$15,037$10,428$7,107$4,777$2,530
32 years$20,352$14,228$9,729$6,532$4,321$2,231
33 years$19,520$13,474$9,084$6,006$3,911$1,968
34 years$18,739$12,770$8,488$5,526$3,541$1,736
35 years$18,004$12,112$7,935$5,087$3,207$1,533
36 years$17,312$11,496$7,423$4,685$2,906$1,353
37 years$16,658$10,919$6,948$4,317$2,634$1,195
38 years$16,041$10,377$6,507$3,979$2,388$1,055
39 years$15,456$9,867$6,096$3,669$2,165$932
40 years$14,902$9,388$5,714$3,384$1,964$823
41 years$14,376$8,936$5,358$3,122$1,782$727
42 years$13,877$8,511$5,026$2,881$1,617$642
43 years$13,403$8,109$4,716$2,660$1,467$568
44 years$12,951$7,730$4,427$2,456$1,332$502
45 years$12,520$7,371$4,157$2,268$1,209$443
46 years$12,110$7,032$3,904$2,095$1,098$392
47 years$11,718$6,710$3,668$1,936$997$346
48 years$11,343$6,406$3,447$1,789$905$306
49 years$10,985$6,117$3,240$1,653$822$270
50 years$10,642$5,843$3,046$1,528$747$239

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 $2,662 every year, while hoping to spend $27,877 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: 63/27/10 Blend
53$10,900,000$10,900,000$10,900,000$10,900,000
54$12,014,546$11,436,846$11,267,896$12,744,792
55$13,210,369$11,967,590$11,615,709$13,763,893
56$14,527,231$12,523,407$11,974,240$14,872,691
57$15,977,450$13,105,495$12,343,819$16,082,658
58$17,574,596$13,715,111$12,724,783$17,403,608
59$19,333,627$14,353,573$13,117,485$18,846,333
60$21,271,020$15,022,262$13,522,285$20,422,702
61$23,404,937$15,722,626$13,939,554$22,145,772
62$25,755,388$16,456,182$14,369,676$24,029,905
63$28,344,424$17,224,521$14,813,047$26,090,902
64$31,196,344$18,029,311$15,270,073$28,346,148
65$34,337,925$18,872,302$15,741,174$30,814,770
66$37,798,674$19,755,324$16,226,783$33,517,818
67$41,611,104$20,680,301$16,727,346$36,478,457
68$45,811,047$21,649,246$17,243,323$39,722,179
69$50,437,985$22,664,270$17,775,186$43,277,044
70$55,535,429$23,727,589$18,323,424$47,173,936
71$61,151,325$24,841,523$18,888,540$51,446,852
72$67,338,507$26,008,504$19,471,053$56,133,216
73$74,155,198$27,231,085$20,071,498$61,274,228
74$81,665,560$28,511,940$20,690,424$66,915,246
75$89,940,294$29,853,872$21,328,400$73,106,209
76$99,057,314$31,259,821$21,986,011$79,902,103
77$109,102,477$32,732,870$22,663,861$87,363,471
78$120,170,399$34,276,250$23,362,569$95,556,978
79$132,365,342$35,893,348$24,082,777$104,556,038
80$145,802,203$37,587,718$24,825,146$114,441,492
81$160,607,595$39,363,083$25,590,355$125,302,368
82$176,921,043$41,223,348$26,379,107$137,236,713
83$194,896,306$43,172,608$27,192,122$150,352,507
84$214,702,818$45,215,155$28,030,148$164,768,677
85$236,527,298$47,355,490$28,893,950$180,616,207
86$260,575,506$49,598,332$29,784,321$198,039,367
87$287,074,187$51,948,630$30,702,075$217,197,064
88$316,273,213$54,411,572$31,648,054$238,264,329
89$348,447,940$56,992,599$32,623,123$261,433,963
90$383,901,807$59,697,413$33,628,174$286,918,338
91$422,969,202$62,531,997$34,664,129$314,951,396
92$466,018,617$65,502,622$35,731,934$345,790,842
93$513,456,130$68,615,864$36,832,568$379,720,562
94$565,729,233$71,878,619$37,967,036$417,053,289
95$623,331,060$75,298,117$39,136,378$458,133,543
96$686,805,044$78,881,940$40,341,662$503,340,864
97$756,750,041$82,638,038$41,583,991$553,093,382
98$833,825,991$86,574,748$42,864,500$607,851,744
99$918,760,143$90,700,811$44,184,361$668,123,447
100$1,012,353,921$95,025,394$45,544,781$734,467,610