How much do I need to retire?

General rule: 25x your desired annual income (4% withdrawal rule). Need $60,000/year? Save $1.5 million. Don't forget Social Security (~$25k/year average) and pensions may supplement your savings.

Withdraw 4% of your portfolio in year 1 of retirement, adjust for inflation each year. Historical data shows this lasts 30+ years with 95% success rate. Conservative investors use 3.5%, aggressive 5%.

How much should I save per month for retirement?

General guideline: 15% of gross income including employer match. Start with at least enough to get full employer match, increase 1% per year. Earlier you start, less you need to save (compound interest!).

When your savings × 0.04 ≥ desired annual expenses. Example: $1M × 0.04 = $40k/year. Also consider: Social Security at 67 (or 62 reduced), Medicare at 65, penalty-free 401k withdrawals at 59.5.

Retirement Calculator

Calculate how much you need to save for retirement and project your retirement savings growth over time

Inputs

Currencyⓘ

Current Ageⓘ

Retirement Ageⓘ

Full Social Security benefits: age 67 (US)

Current Retirement Savingsⓘ

Include all retirement accounts

Monthly Contributionⓘ

Include employer match if applicable

Expected Annual Returnⓘ

Conservative: 5%, Moderate: 7%, Aggressive: 9%

Desired Annual Retirement Incomeⓘ

Typically 70-80% of pre-retirement income

Life Expectancyⓘ

US average: ~78 years, plan conservatively

Enter values to see results

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What is this?

The Retirement Calculator helps you plan for financial independence using the proven 4% Rule. This rule suggests withdrawing 4% of your retirement savings annually for a sustainable 30-year retirement. It accounts for investment growth, contributions, and helps determine if you're on track to meet your retirement goals.

How to use

Enter your current age, retirement age, life expectancy, current savings, monthly contributions, expected return rate, and desired retirement income. The calculator will show if you're on track, your projected retirement balance, safe withdrawal amounts, and how much more you need to save if behind. Select your preferred currency from 9 major options.

Tips

Save at least 15% of your income including employer match for comfortable retirement
Target 10x your annual salary saved by retirement age (e.g., $700k saved on $70k salary)
Increase savings by 1% each year to reach your goal faster without lifestyle shock
Maximize employer 401(k) match - it's free money that accelerates your savings
Consider delaying retirement by 2-3 years to let savings grow and boost Social Security
Use conservative 5-6% return estimates to avoid over-optimism in planning
Factor Social Security at 70-80% of projected benefits for conservative planning
Rebalance portfolio as you age: stocks % = 110 - your age is a common rule
Max out catch-up contributions starting age 50 ($7,500 extra in 401k)
Calculate retirement needs based on 70-80% of pre-retirement income

Disclaimer: This calculator provides estimates for informational purposes only and does not constitute financial advice. Actual results may vary based on lender terms, market conditions, and individual circumstances. Consult a qualified financial advisor before making financial decisions. See our full disclaimer for details.

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