Plan your retirement with confidence. See how much you need to save and track your progress toward your retirement goals.
Lower risk, stable growth (4-5% annual return)
Balanced risk and return (6-7% annual return)
Higher risk, higher potential return (8-9% annual return)
| Retirement Duration | 25 years |
| Income Replacement Ratio | 83% |
| Required Annual Income (Today's $) | $48,000 |
| Required Annual Income (Future $) | $100,456 |
| Monthly Savings Needed | $500 |
A common rule of thumb is to aim for 70-80% of your pre-retirement income annually. Using the 4% rule, multiply your desired annual retirement income by 25 to get your target savings amount. For example, if you want $40,000 per year, aim for $1,000,000 in savings.
The 4% rule suggests that you can withdraw 4% of your retirement savings in the first year of retirement, then adjust that amount for inflation each subsequent year, with a high probability of your savings lasting 30 years.
Yes, Social Security can be an important part of your retirement income. The average benefit replaces about 40% of pre-retirement income. You can get your estimated benefit at ssa.gov. Consider it as a foundation, with your savings providing additional income.
Inflation reduces your purchasing power over time. At 3% inflation, prices double about every 24 years. That's why your retirement savings need to grow faster than inflation. Our calculator adjusts for inflation to show your savings in both future and today's dollars.