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Retirement Savings Calculator

Plan for your retirement by calculating how much you need to save based on your lifestyle goals

Retirement Projection
Based on your current savings and contributions
$1,041,123

Projected savings at retirement

Retirement Income Needed:$135,192/year
After Social Security:$83,690/year
Savings Will Last:21 years
Required Savings:$2,092,255
Savings Gap:$1,051,132
Monthly Contribution Needed:$1,631/month
Retirement Timeline
Projected savings over time
35
40
45
50
55
60
65
70
75
80
85
$1,065,930
$799,448
$532,965
$266,483
$0
Retirement
Accumulation Phase
Distribution Phase
35 years
67 years
$30,000
$7,000
2%
22%

About This Calculator

Planning for retirement is one of the most important financial tasks you'll undertake. Our Retirement Savings Calculator helps you understand how your current savings strategy will impact your financial future:

  • Current Situation: Your age, current savings, and contribution rate.
  • Future Projections: Expected retirement age, investment returns, and inflation.
  • Retirement Needs: Estimated income needed in retirement based on your current income.
  • Social Security: Optional inclusion of expected Social Security benefits.
  • Tax Considerations: Current and expected retirement tax rates.

The calculator provides a comprehensive projection of your retirement savings, showing whether you're on track to meet your goals and how long your savings will last. It also offers insights into any potential savings gap and what adjustments might be needed.

How to Use This Calculator

Input your current age, savings, and contribution rate, along with your retirement goals and assumptions about investment returns and inflation. The calculator will project your retirement savings and provide recommendations for achieving your financial goals.