Retirement Calculator

Free retirement calculator. Calculate retirement savings needs, project future value, and check if you're on track. Uses 4% withdrawal rule.

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60.5%

Need $1,770,115 more

$2,707,725

in 37 years

$9,026

at 4% withdrawal

$4,477,840

inflation-adjusted

37

retire at age 67

Gap Analysis

Retirement Shortfall

$1,770,115

Additional Monthly Contribution Needed

$844

Savings Breakdown at Retirement

Current Savings Growth

$611,181

Future Contributions

$2,096,544

Total Contributions

$494,000

Growth Projection

AgeYearBalance
355$139,136
4010$264,155
4515$439,500
5020$685,430
5525$1,030,360
6030$1,514,142
6535$2,192,672
6737$2,535,230

The 4% Rule

The 4% rule suggests you can 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 for retirement.

Retirement Planning Tips

  • Maximize employer retirement matching - it's free money
  • Consider tax-advantaged retirement accounts
  • Increase contributions with every raise
  • Start early - compound interest is powerful
  • Diversify investments based on your timeline
  • Account for healthcare costs in retirement

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Last updated: January 2026

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Frequently Asked Questions

What is the 4% rule and how does it work?
The 4% rule is a retirement guideline suggesting you can withdraw 4% of your savings annually without running out of money over 30 years. For example, with $1 million saved, you could withdraw $40,000 per year. This means you need 25 times your desired annual income saved (Annual Income × 25 = Retirement Target).
How much should I have saved for retirement by age 30, 40, and 50?
A common guideline: by age 30, save 1x your annual salary; by 40, save 3x; by 50, save 6x; by 60, save 8x; and by 67, save 10x. So if you earn $60,000, aim for $60,000 saved by 30, $180,000 by 40, and $360,000 by 50.
What's a realistic expected return for retirement calculations?
Historically, a diversified stock portfolio returns about 7% annually after inflation. For conservative planning, use 5-6%. For aggressive estimates, 8-10%. Closer to retirement, shift to bonds (3-5% return) to reduce risk. Most planners use 6-7% as a balanced assumption.
Should I include Social Security in my retirement calculations?
Yes, but be conservative. The average Social Security benefit is about $1,800/month ($21,600/year). You can get your personalized estimate at ssa.gov. Many planners suggest assuming 75-80% of your projected benefit to account for potential future changes to the program.
What is FIRE and how do I calculate my FIRE number?
FIRE (Financial Independence, Retire Early) means saving enough to live off investments indefinitely. Your FIRE number = Annual Expenses × 25. For example, if you spend $40,000/year, your FIRE number is $1 million. Some use a more conservative 30x or 33x multiplier for extra safety margin.