Retirement Calculator

Determine how much you need to save for retirement. Calculate required contributions and see if you're on track.

Calculate Your Retirement Needs

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Typical range: 6-8% for balanced portfolios

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Monthly income you'll need in retirement (in today's dollars)

Understanding Retirement Planning

Planning for retirement is one of the most important financial decisions you'll make. This calculator helps you determine if you're on track to meet your retirement goals.

The 4% Rule

This calculator uses the 4% rule, which suggests you can safely withdraw 4% of your retirement savings annually. This means you need about 25 times your annual expenses saved for retirement.

Example: If you need $50,000 per year in retirement, you should aim for $1.25 million in savings.

Retirement Savings Guidelines

  • By age 30: 1x your annual salary saved
  • By age 40: 3x your annual salary saved
  • By age 50: 6x your annual salary saved
  • By age 60: 8x your annual salary saved
  • By age 67: 10x your annual salary saved

Tips for Retirement Savings

  • • Start early: Time is your biggest advantage due to compound growth
  • • Maximize employer match: Don't leave free money on the table
  • • Increase contributions: Raise savings rate with raises
  • • Diversify investments: Don't put all eggs in one basket

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