🌅 Retirement Calculator

About This Retirement Calculator

This retirement calculator helps you determine if you're on track to achieve your retirement goals. It projects your retirement savings growth based on current savings, monthly contributions, and expected returns, then compares your projected nest egg against what you'll need to maintain your desired lifestyle.

How to Use This Calculator

1. Current Age & Retirement Age: Enter your current age and planned retirement age. The difference determines your savings timeline.
2. Current Savings: Input your total retirement savings across all accounts (401k, IRA, Roth IRA, etc.).
3. Monthly Contribution: Enter how much you contribute monthly to retirement accounts. Don't forget to include employer matching contributions.
4. Expected Return: Estimate your average annual return. A conservative estimate is 6-8% for a balanced portfolio. Historical stock market returns average about 10% before inflation.
5. Desired Annual Income: Enter how much annual income you'd like in retirement. Many experts suggest planning for 70-80% of your pre-retirement income.

The 4% Rule

The 4% rule suggests you can safely withdraw 4% of your retirement savings annually without running out of money over a 30-year retirement. This means you need 25x your desired annual income saved.

Example: $60,000 annual income needed → $1,500,000 nest egg required

Retirement Planning Tips

Start saving early to maximize compound growth. Contribute enough to get your full employer match—it's free money. Consider increasing contributions by 1% each year. Diversify investments based on your time horizon, becoming more conservative as you approach retirement. Use this calculator annually to track progress and adjust your strategy as needed.