Retirement Planning Calculator
Calculate how much you need to save for a comfortable retirement
Your Information
Recommended: 70-90% of current income
Average US life expectancy: ~78 years
You're projected to have $531,659 more than needed for retirement.
Retirement Goal
$2,131,857
Total needed at retirement
Monthly Income Needed
$14,069
In today's dollars: $5,000
Projected Savings
$2,663,516
At current contribution rate
Monthly Savings Needed
$768
To meet your goal
Savings Breakdown
Current Savings Growth
Future Contributions
Retirement Timeline
Retirement Planning Strategies
The 4% Rule
A popular retirement planning guideline suggesting you can safely withdraw 4% of your portfolio value in the first year of retirement, then adjust for inflation each subsequent year.
Tax-Advantaged Accounts
Maximize 401(k), 403(b), IRA, and Roth IRA contributions for tax benefits. These accounts can significantly accelerate your retirement savings through tax deferrals or tax-free growth.
Employer Matching
Always contribute enough to your 401(k) to get the full employer match - it's essentially free money that can boost your retirement savings substantially.
Inflation Protection
Consider assets that historically outpace inflation, such as stocks, real estate, or Treasury Inflation-Protected Securities (TIPS) to maintain purchasing power in retirement.
💡 Age-Based Savings
Aim to have 1x your salary saved by age 30, 3x by 40, 6x by 50, and 10x by retirement age.
📈 Catch-Up Contributions
If you're 50+, take advantage of catch-up contributions to 401(k)s and IRAs for higher annual limits.
🎯 Regular Reviews
Review and adjust your retirement plan annually to account for life changes and market conditions.