Retirement Calculator
Get a clear on-track or off-track verdict for your retirement savings. See your projected balance, your target, and exactly how much you need to save monthly to close any gap.
You have a savings gap
You need $2,506,295 more. Increase your monthly contribution to $2,123 to close the gap.
Projected Balance at 65
$1,022,208
Target Balance Needed
$3,528,503
Based on 4% rule
Years to Retirement
33 years
Inflation-Adj. Annual Need
$159,140
today: $60,000
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💡 Pro Tip: Read these articles alongside your calculator results for a complete understanding of the topic.
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Frequently Asked Questions
How much do I need to retire?
A common rule of thumb is the 25x rule: multiply your expected annual retirement expenses by 25. This is based on the 4% safe withdrawal rate, which suggests you can withdraw 4% of your portfolio annually without running out of money over a 30-year retirement.
What is the 4% rule?
The 4% rule states that retirees can withdraw 4% of their portfolio in the first year of retirement, then adjust for inflation each year, and have a high probability of not outliving their money over 30 years. It was derived from historical stock and bond returns.
When should I start saving for retirement?
As early as possible. Due to compound interest, money invested in your 20s is worth far more than money invested in your 40s. Starting 10 years earlier can more than double your retirement balance.
What return should I assume for my investments?
Historically, a diversified stock portfolio has returned about 7% annually after inflation. A balanced portfolio (60% stocks, 40% bonds) has returned about 5–6%. Use conservative estimates (5–7%) for planning purposes.
What is Social Security's role in retirement?
Social Security replaces about 40% of pre-retirement income for average earners. It should be viewed as a supplement to personal savings, not a primary source of retirement income.
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