Loading...
Loading...
Loading calculator...
Plan your retirement savings and estimate your monthly income in retirement. Calculate how much you need to save based on your age, savings, and investment returns.
$1,475,834.89
($621,874.12 in today's dollars)
$4,919.45
($2,072.91 in today's dollars)
On Track
Your savings will last through retirement
Years to Retirement
35 years
Years in Retirement
25 years
Total Contributions
$260,000.00
Investment Growth
$1,215,834.89
This calculator provides estimates for educational purposes only. Actual results may vary based on market conditions, fees, taxes, and other factors. Past performance does not guarantee future results.
Consult a financial advisor for personalized retirement planning advice.
A retirement calculator is a financial planning tool that helps you estimate how much money you'll have saved by retirement age and how much monthly income those savings can provide. It considers factors like your current age, savings, monthly contributions, expected investment returns, and inflation to project your retirement readiness.
Follow these steps to plan your retirement:
The 4% rule is a guideline suggesting you can withdraw 4% of your retirement savings in the first year, then adjust for inflation annually. Based on the Trinity Study, this approach historically provided a high probability that savings would last 30 years. However, consider your specific situation, as lower withdrawal rates (3-3.5%) may be more conservative.
A common guideline is to have 10-12 times your annual salary saved by retirement age. For example, if you earn $80,000/year, aim for $800,000-$960,000. However, your actual needs depend on your expected expenses, Social Security benefits, pension income, and desired lifestyle in retirement.
Historically, a diversified stock portfolio has returned about 7% annually after inflation. A more conservative portfolio with bonds might return 4-5%. During retirement, many people shift to a more conservative allocation (4-5% expected return) to protect their savings. Be cautious with projections using returns above 8%.
As early as possible! Starting at 25 versus 35 can result in nearly twice as much savings at retirement due to compound interest. Even small contributions in your 20s can grow significantly. If you're starting later, you may need to contribute more aggressively to catch up.
Yes, but be conservative. Social Security typically replaces 30-40% of pre-retirement income for average earners. You can estimate your benefits at ssa.gov. Many planners suggest treating Social Security as a bonus rather than relying on it entirely, given potential future benefit changes.
Inflation erodes purchasing power over time. At 3% inflation, $100 today will only buy about $55 worth of goods in 20 years. Our calculator shows your savings in both future dollars and today's dollars so you can see the real purchasing power of your retirement savings.
If projections show a shortfall, you have several options: increase your monthly contributions, delay retirement to save more and allow additional growth, plan to work part-time in retirement, reduce expected retirement expenses, or consider a lower withdrawal rate. Even small adjustments can make a significant difference over time.
This calculator provides estimates based on the inputs you provide and assumes steady returns. Real-world results vary due to market volatility, changing circumstances, taxes, and fees. Use this as a planning tool, not a guarantee. Review your plan regularly and consult a financial advisor for personalized guidance.