Retirement Calculator
Plan your financial future with this comprehensive retirement savings calculator
Your Information
1% 5% 10% 15%
6%
1% 4% 7% 10%
4%
0% 3% 6% 10%
2.5%
Retirement Projections
Retirement Savings
$987,654
Monthly Income
$3,292
Savings Shortfall
$0
Savings Growth Projection
Retirement Readiness
Your projected savings
Required savings
Key Statistics
Years Until Retirement
30
Total Contributions
$180,000
Interest Earned
$807,654
Retirement Duration
30 years
Enter your retirement details and click “Calculate” to see projections
Retirement Planning Tips
Proper retirement planning requires understanding how your savings will grow over time and how long they will last during retirement.
Key Factors in Retirement Planning:
- Time Horizon: The more years until retirement, the more your money can grow
- Savings Rate: Regular contributions significantly impact your final balance
- Investment Returns: Higher returns grow your money faster but come with more risk
- Inflation: Reduces purchasing power over time – your savings need to outpace it
- Withdrawal Rate: The percentage you withdraw annually affects how long your money lasts
The 4% Rule:
A common retirement guideline suggests withdrawing 4% of your savings in the first year of retirement, then adjusting for inflation each subsequent year. This strategy aims to make your savings last for 30 years.
Ways to Improve Your Retirement Outlook:
- Increase your monthly contributions
- Delay retirement by a few years
- Reduce your expected retirement spending
- Consider working part-time during early retirement
- Review and adjust your investment strategy