Retirement Savings Calculator

Estimate how much your retirement savings will grow over time and whether you are on track for your retirement goals.

Key Inputs

Current savings — How much you have already saved
Monthly contribution — How much you plan to save each month going forward
Expected annual return — Estimated average investment return
Years to retirement — How many years until you plan to retire

How Much Do You Need to Retire?

A common rule of thumb is to have 25 times your expected annual retirement expenses saved. For example, if you expect to spend $50,000 per year in retirement, your target would be $1.25 million saved.

The 4% Rule

The 4% rule suggests you can withdraw 4% of your portfolio per year in retirement without running out of money over a 30-year horizon. This is a guideline, not a guarantee, and your actual needs may differ.

Social Security benefits, pensions, and part-time income in retirement can reduce the amount you need from your personal savings. Factor these in for a more complete picture.

Frequently Asked Questions

When should I start saving for retirement?

The earlier the better. Contributions made in your 20s and 30s benefit from decades of compounding growth. Even modest contributions early in your career can make a significant difference by retirement.

What return rate should I use?

For conservative planning, use 5-6% annually. For a moderate scenario, use 7%. Avoid assuming returns higher than historical averages over long periods.