Retirement Calculator

Find out if you're on track for a comfortable retirement. Enter your current savings, monthly contributions, expected returns, and retirement goals to see a detailed projection.

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Retirement Age

Current Retirement Savings ($)

Monthly Contribution ($)

Expected Annual Return (%)

Employer Match (%)

Employer Match Limit (% of salary)

Desired Annual Income in Retirement ($)

Life Expectancy

Retirement Projection

Years Until Retirement-

Projected Savings at Retirement-

Annual Withdrawal (4% Rule)-

Desired Annual Income-

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How Much Do You Need to Retire?

Financial planners commonly recommend the "4% Rule" — withdrawing 4% of your retirement savings annually, adjusted for inflation, should sustain you for 30+ years. To calculate your target, multiply your desired annual retirement income by 25.

For example, if you want $80,000/year in retirement and expect $24,000 from Social Security, you need your savings to provide $56,000/year. Using the 4% rule: $56,000 × 25 = $1,400,000 needed.

Retirement Savings by Age: Are You on Track?

Fidelity Investments recommends these savings milestones:

By age 30: 1x your annual salary saved
By age 40: 3x your annual salary saved
By age 50: 6x your annual salary saved
By age 60: 8x your annual salary saved
By age 67: 10x your annual salary saved

Maximize Your Employer 401(k) Match

An employer match is essentially free money. If your employer matches 50% of contributions up to 6% of your salary, and you earn $80,000 and contribute 6% ($4,800), your employer adds $2,400. That's an immediate 50% return on your investment — before any market gains. Always contribute at least enough to get the full match.

Retirement FAQ

The 4% rule is the most common guideline. However, some experts now recommend 3.5% for extra safety given longer life expectancies. Your withdrawal rate should also factor in market conditions, health care costs, and whether you have other income sources like pensions or rental income.

Traditional accounts give you a tax deduction now but you pay taxes on withdrawals. Roth accounts use after-tax money but grow tax-free. Generally, Roth is better if you expect to be in a higher tax bracket in retirement; Traditional is better if you expect lower taxes in retirement. Many advisors recommend having both for flexibility.

FIRE stands for Financial Independence, Retire Early. Followers aim to save 50-70% of their income and retire decades before the traditional age of 65. The math: if you save 50% of income, you can retire in about 17 years. The key is maintaining a high savings rate and investing in low-cost index funds.