Estimate your future retirement nest egg based on age, contributions, and interest rates.
Estimated balance at retirement.
Out of pocket principal.
Growth from returns.
Common questions and guides for using the Retirement Calculator.
A common guideline is to aim for a retirement nest egg that is 25 times your planned annual retirement expenses. For example, if you plan to spend $60,000 per year in retirement, you would need $1.5 million.
You can retire when your accumulated savings and passive income sources (like Social Security or pensions) are sufficient to cover your living expenses for the remainder of your life.
The longevity of your savings depends on your rate of withdrawal, investment returns, and inflation. Using a conservative withdrawal rate, like 4%, helps ensure your money lasts 30 years or more.
The 4% rule states that if you withdraw 4% of your retirement savings in the first year and adjust subsequent withdrawals for inflation, your portfolio has a very high probability of lasting at least 30 years.
Financial experts generally recommend saving 15% of your gross income for retirement, starting as early as possible to maximize compound interest.
Yes, early retirement is possible through aggressive saving and investing (often associated with the FIRE movement). It requires living well below your means and building a high net worth relative to your expenses.
Inflation reduces the purchasing power of your money over time. A 3% annual inflation rate will double the cost of goods in about 24 years, meaning you will need more income in later retirement years to maintain your lifestyle.
A common financial benchmark is to aim to have the equivalent of one year's salary saved for retirement by age 30.
By age 40, a standard guideline is to have saved three times your annual salary.
Yes. The retirement calculator uses compound interest calculations based on your inputs. While market returns and inflation fluctuate, the model provides an accurate math-based projection for planning.
