Retirement Calculator
Plan your retirement by checking if you're on track to meet your retirement income goals.
Enter Your Details
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Your Results
You're On Track!
100%
of retirement goal
Years Until Retirement 35 years
Projected Savings $2,376,362.19
Required Savings $1,500,000.00
Gap (Shortfall/Surplus) +$876,362.19
Monthly Income at Retirement $7,921.21
How to Use Our Retirement Calculator
Our retirement calculator helps you determine if you're on track to meet your retirement income goals. Enter your current financial situation and desired retirement income to see how much you'll have when you retire.
Understanding Your Results
- Projected Savings - The estimated amount you'll have at retirement based on your current savings, contributions, and expected returns
- Required Savings - The amount you need to sustain your desired retirement income using the 4% safe withdrawal rate
- Gap - The difference between what you need and what you'll have. A positive number means you're on track; a negative number indicates a shortfall
- Monthly Income - The monthly income your projected savings would generate using a 4% annual withdrawal rate
The 4% Rule
The 4% rule is a guideline suggesting you can withdraw 4% of your retirement savings annually without running out of money over a 25-year retirement. This means you need 25 times your desired annual income in savings.
Tips for Retirement Planning
- Start saving as early as possible to take advantage of compound interest
- Maximize employer 401(k) matching contributions
- Review and adjust your plan regularly as your circumstances change
- Consider diversifying your investments for better long-term returns