Retirement Calculator
Modify the values and click the Calculate button to use
How much do you need to retire?
This calculator can help with planning the financial aspects of your retirement, such as providing an idea where you stand in terms of retirement savings, how much to save to reach your target, and what your retrievals will look like in retirement.
Assumptions
Your current income increase:
3% per year
Income needed after retirement:
75% of current income
Average investment return:
6% per year
Inflation rate:
3% per year
These assumptions can be adjusted in the calculator settings
Optional
per month
% of income
Your Retirement Outlook
Retirement savings needed:
$1,234,567
Projected retirement savings:
$987,654
Retirement income per month:
$4,375
Social Security/Other income:
$0
Retirement gap:
$246,913
Years until retirement
32
years
Years in retirement
18
years
Annual income in retirement
$52,500
in today's dollars
Monthly savings needed
$450
to close gap
Your Retirement Timeline
Current age: 35
Retirement age: 67
Life expectancy: 85
Savings Progress
Retirement Tips
1
Start Early
The power of compound interest means starting just 5 years earlier can double your retirement savings.
2
Maximize 401(k) Match
Always contribute enough to get your full employer match - it's free money for retirement.
3
Diversify Investments
A balanced portfolio across stocks, bonds, and other assets helps manage risk.
Inflation Impact
$1.81
What $1 today will be worth in 32 years at 3% inflation
Today's $70,000 income:
$70,000
Equivalent in 32 years:
$126,700