Retirement Savings Calculator
Calculate how much you need to save for retirement
Your Retirement Plan
401(k), IRA, and other retirement accounts
How much you save for retirement each month
Retirement Income Goals
How much you want to spend each year
Annual benefit
Annual amount
Assumptions
Retirement Projection
Enter your details and click Calculate
Fill in the form to see your retirement projection
Planning for Retirement
The 4% Rule
This calculator uses the 4% rule, which suggests you can withdraw 4% of your retirement savings annually (adjusted for inflation) with a high probability of not running out of money over a 30-year retirement.
How Much Do You Need?
A common rule of thumb is:
- You'll need 70-80% of your pre-retirement income
- Multiply your annual expenses by 25 to get your target
- Social Security typically replaces about 40% of income
Tips for Retirement Planning
- Start early: Time and compound interest are your best friends
- Maximize employer match: It's free money for retirement
- Diversify: Spread investments across stocks, bonds, and other assets
- Reduce fees: High expense ratios can cost you hundreds of thousands
- Plan for healthcare: Medicare doesn't cover everything
Disclaimer: This calculator is for informational purposes only and should not be considered financial, tax, or legal advice. Results are estimates based on the information provided and current tax laws. Consult a qualified professional for advice specific to your situation.
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