Retirement Calculator
$0.00 at retirement
How This Retirement Calculator Works
This calculator projects your retirement savings by compounding your current balance and monthly contributions at your expected annual return until your chosen retirement age. Estimated monthly retirement income is based on the widely used "4% rule," which assumes withdrawing 4% of your savings in the first year of retirement.
Is the 4% Rule Still Realistic?
The 4% rule is a starting point, not a guarantee — it was designed to have a high probability of lasting 30 years based on historical market returns. Many planners now suggest 3-3.5% for extra safety, especially for early retirees with longer time horizons.
How to Boost Your Projected Savings
- Increase your contribution rate whenever your income rises
- Capture any employer 401(k) match in full — it's an immediate return on your contribution
- Review your asset allocation periodically to match your time horizon and risk tolerance
Frequently Asked Questions
How much should I save for retirement?
A common guideline is saving 10-15% of income starting in your 20s-30s, but the right number depends on your desired retirement age and lifestyle.
What rate of return should I assume?
Many long-term retirement projections use an inflation-adjusted average return of 5-7% for a diversified stock-and-bond portfolio.