Retirement Savings Calculator
Plan how much you need to save for a comfortable retirement. Based on the 4% rule and year-by-year growth projections.
How to Use This Calculator
Enter your current retirement savings balance. Enter the annual expenses you expect in retirement (housing, food, healthcare, travel). Enter your current age and the age you plan to retire. Set your expected annual return on investments (historically 7-10% for stock-heavy portfolios). Enter how much you contribute annually to retirement accounts. Optionally add an annual pay raise percentage for growing contributions over time. The calculator shows your retirement goal (25x annual expenses based on the 4% rule), your projected final balance, monthly savings needed to bridge any gap, and the annual income your savings can generate in retirement.
How Retirement Planning Works
The 4% rule is a widely used retirement planning guideline. It states that you can withdraw 4% of your retirement savings annually (adjusting for inflation) with a high probability that your money lasts at least 30 years. This means you need 25 times your annual expenses saved for retirement. For example, if you expect $50,000 in annual retirement expenses, you need $1,250,000 saved. The calculator projects your savings growth year by year, accounting for contributions, investment returns, and pay raises. It shows whether you're on track or need to increase your savings rate.