Retirement Calculator
Plan your retirement savings and withdrawals
Calculator
What you want to spend monthly in retirement
How to Use
Plan your retirement savings and income
Enter current savings
Input your existing retirement savings
Set retirement age
Choose your target retirement age
Enter income needs
Estimate your annual retirement expenses
View retirement plan
See if you are on track and required savings rate
Retirement Savings Formula
Nest Egg Needed = Annual Expenses × 25 (4% rule) Monthly Savings = (Goal - FV of Current) / FV of Annuity
Calculate target nest egg, then determine monthly savings needed accounting for investment growth.
Frequently Asked Questions
The 4% rule suggests you need 25× your annual expenses. If you spend $50,000/year, you need $1.25 million. More conservative estimates use 3% (33× expenses). Factor in Social Security, pensions, and healthcare costs separately.
The 4% rule states you can withdraw 4% of your portfolio in year one, then adjust for inflation annually, with high probability of lasting 30 years. $1 million portfolio = $40,000/year. Based on historical stock/bond returns.
Start immediately. At 25, saving $500/month at 7% return = $1.2M by 65. Starting at 35 requires $1,000/month for the same result. Each decade of delay roughly doubles required monthly savings. Time and compound interest are your biggest advantages.
Maximize 401k contributions (catch-up contributions after 50), reduce expenses, delay retirement by a few years (each year adds ~8%), consider working part-time in retirement, pay off high-interest debt to free up savings capacity.