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Retirement Calculator

Estimate how much you need to save for retirement and if you are on track

Planning for retirement is a long-term game. This calculator helps you see the power of compound interest and regular contributions to determine if your current savings strategy will meet your future income needs.

Calculator Inputs

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Conservative estimate: 5-7%

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In today's dollars

Results

Enter values above to see your results

How It Works

We calculate the future value of your current savings and monthly contributions using your expected annual return. We then apply the "4% Rule" to see how much annual income that nest egg can generate safely.

Tips & Best Practices

  • Start early! Time is the most powerful factor in compound interest.
  • Aim to save 15-20% of your income.
  • The 4% rule suggests you can withdraw 4% of your portfolio in the first year of retirement and adjust for inflation thereafter.
  • Don't forget to account for inflation (typically 2-3% per year).

Frequently Asked Questions

How much do I need to retire?

A common rule of thumb is 25 times your annual expenses. If you need $50,000/year, you would need $1.25 million invested.

What is a safe return rate?

Historically, the stock market (S&P 500) returns about 10% annually before inflation. Adjusting for inflation, 7% is a common planning figure.