Retirement Calculator
See if your retirement savings are on track and what adjustments you may need to make.
Projected Savings at Retirement
$2,016,151.27
Amount Needed (4% Rule)
$1,500,000.00
25x your desired annual income
Surplus
$516,151.27
You are on track!
Savings Growth Trajectory
How the Retirement Calculator Works
This calculator projects your retirement savings based on your current age, savings, monthly contributions, and expected investment returns. It uses compound growth to estimate how your portfolio will grow year over year until your target retirement age.
The 4% Rule Explained
The 4% rule is a widely used guideline for retirement withdrawals. It suggests that you can withdraw 4% of your total retirement savings each year without running out of money over a 30-year retirement. This means you need roughly 25 times your desired annual retirement income saved up before you retire.
Understanding Your Results
- Projected Savings: The total amount you'll have at your retirement age based on your current inputs.
- Amount Needed: The nest egg required to sustain your desired annual income using the 4% withdrawal rate.
- Surplus or Gap: Whether your projected savings exceed or fall short of the amount needed.
- Required Contribution: If there's a gap, this shows the monthly contribution needed to reach your goal.
Tips for Improving Your Retirement Outlook
Start saving as early as possible to take advantage of compound growth. Even small increases in your monthly contribution can make a significant difference over decades. Consider maximizing employer-matched retirement accounts, diversifying your investments, and periodically reviewing your plan as your income and goals change.