Retirement Calculator
Project your retirement savings and income
Enter values to see results
Fill in the form and click Calculate
How to Use This Calculator
Enter your current age, retirement age, current savings, and monthly contribution. The calculator projects your savings at retirement and shows if you are on track to meet your desired income using the 4% withdrawal rule.
Retirement Savings Milestones
Rule of thumb: Save these multiples of your salary by each age:
- Age 30: 1x annual salary
- Age 40: 3x annual salary
- Age 50: 6x annual salary
- Age 60: 8x annual salary
- Age 67: 10x annual salary
Frequently Asked Questions
What is the 4% rule?
The 4% rule suggests withdrawing 4% of your retirement savings in the first year, then adjusting for inflation each year after. Historically, this approach has allowed savings to last 30+ years.
How much should I save for retirement?
A common guideline is to save 10-15% of your income for retirement. Aim to have 1x your salary saved by 30, 3x by 40, 6x by 50, and 8x by 60. Your specific needs depend on your lifestyle and goals.
What return should I expect on my investments?
The S&P 500 has historically returned about 10% annually before inflation, or about 7% after inflation. A balanced portfolio of stocks and bonds might return 5-7% after inflation. Be conservative in your estimates.
Should I include Social Security in my planning?
Social Security can supplement retirement income but should not be your only plan. The average benefit is about $1,800/month. Consider it a bonus and save as if it may not be there.