Retirement Calculator
Basic Details
Use today's dollars for income, savings, and spending.
Savings Rate
Equivalent to $900 per month right now.
Retirement Lifestyle
A common starting point is 70% to 80% of pre-retirement income.
Include Social Security, pensions, annuities, rental income, or other predictable income.
Frequently Asked Questions
How much money do I need to retire?
A useful estimate is 25 times your annual portfolio withdrawals, but your actual number depends on retirement age, spending, Social Security, pensions, investment returns, inflation, taxes, and how long retirement lasts. This calculator estimates a target nest egg from your projected retirement spending and other income.
What percentage of income should I save for retirement?
Many households aim to save 10% to 15% of gross income for retirement, including employer matching. If you started later, want to retire early, or have a larger gap, you may need a higher savings rate. The suggested monthly savings result shows the pace needed for your inputs.
Should I use current dollars or future dollars?
Enter income, savings, contributions, and spending in today dollars. The calculator applies inflation and income growth assumptions behind the scenes so the retirement target reflects future spending power.
What is a reasonable retirement income replacement rate?
A common starting point is 70% to 80% of pre-retirement income, but the right number depends on your housing costs, health care, travel plans, taxes, debt, and whether you will still support dependents. People with paid-off homes or lower expenses may need less, while higher-spending retirements may need more.
How should I estimate Social Security or pension income?
Use the other monthly retirement income field for predictable income sources like Social Security, pensions, annuities, or rental income. If you are unsure, use a conservative estimate and revisit the plan when you have updated benefit projections.
What investment return should I use?
A long-term diversified stock and bond portfolio might use a moderate assumption such as 5% to 7% before retirement and a slightly lower return after retirement if the portfolio becomes more conservative. Lower assumptions create a more cautious plan.
Does the calculator include taxes?
The calculator focuses on savings, spending, growth, inflation, and outside income. It does not model federal or state taxes, account type rules, required minimum distributions, or health care subsidies, so use the results as planning estimates rather than tax advice.
How often should I update my retirement plan?
Review your plan at least once a year and after major life changes such as a raise, job change, home purchase, marriage, divorce, new child, large market move, or a shift in retirement goals.