See your projected monthly retirement income and what percentage of your current lifestyle you can maintain.
Enter your information to see if you're on track for a comfortable retirement
How old are you today?
When do you plan to retire?
How long do you expect to live? (Average is 85)
Your gross annual salary
Total in 401(k), IRA, and other retirement accounts
How much you save each month
Typical stock market average 10%
Analysis based on your current savings trajectory and inputs
Your projected portfolio of would provide approximately per month in retirement income ( withdrawal rate)
Due to your -year retirement period, we're using a withdrawal rate instead of the standard 4% to help ensure your savings last throughout retirement.
To maintain the same lifestyle and purchasing power as your current income, you'll need approximately per year at retirement due to 3% annual inflation over years.
Our calculator accounts for inflation by comparing your projected savings to inflation-adjusted income, not just today's dollars. The withdrawal rate is adjusted based on your expected years in retirement to ensure your savings last from age to .
Chart will appear after calculation
The simple formula that helps you calculate how much you need to retire
4%
Research shows you can safely withdraw 4% of your retirement savings each year without running out of money for at least 30 years.
If you have $1,000,000 saved for retirement, you can withdraw $40,000 per year (4%).
Annual Income Formula:
Total Savings Ă— 0.04 = Annual Income
Need $60,000 per year in retirement? You'll need approximately $1,500,000 saved.
Savings Goal Formula:
Desired Annual Income Ă· 0.04 = Goal
Important: The 4% rule assumes a diversified portfolio and 30-year retirement. Your actual withdrawal rate may need adjustment based on market conditions, life expectancy, and retirement expenses.
To generate
$40K/year
You need
$1,000,000
To generate
$60K/year
You need
$1,500,000
To generate
$80K/year
You need
$2,000,000
Don't panic—there are proven strategies to get back on track
If you're saving 5% of your income, bump it to 6% next year, then 7% the year after. Small increases are painless but compound significantly over time.
Example: Increasing from 5% to 10% on a $75K salary adds $3,750 more per year to retirement—over $150,000 in just 20 years with growth.
If your employer offers a 401(k) match and you're not taking full advantage, you're literally leaving money on the table. This should be your first priority.
Example: A 6% match on $75K is $4,500 per year in free money—that's $180,000+ over 20 years with investment growth.
If you're 50 or older, the IRS allows extra contributions. In 2025, that's an additional $7,500 to your 401(k) and $1,000 to your IRA annually.
Example: Maxing out catch-up contributions from age 50-65 adds $112,500 to retirement (401(k) only)—potentially $200K+ with growth.
Working just a few extra years has triple benefits: more time to save, more compound growth, and fewer years your savings need to last.
Impact: Retiring at 67 instead of 65 can increase your Social Security benefits by 16% and give your portfolio 2 more years to grow.
Consider whether you truly need 80% of your current income in retirement. Many retirees find they need less, especially after mortgage payoff and reduced work expenses.
Example: Reducing target expenses from 80% to 70% of income means needing $250K less in savings per $50K of current income.
Common questions about retirement savings and planning
Financial experts recommend having 1x your annual salary saved by age 30. So if you earn $60,000, aim for $60,000 in retirement savings. This assumes you started saving around age 25 and are saving 15% of your income.
By age 40, you should aim to have 3x your annual salary saved. This benchmark ensures you're on track to retire comfortably at age 67. If you're behind, focus on increasing your savings rate and maximizing employer matches.
It depends on your retirement lifestyle. Using the 4% rule, $500,000 provides $20,000 per year. Combined with Social Security (average $1,907/month or ~$23,000/year), you'd have about $43,000 annually. This works for modest retirement needs but may not be enough for higher expenses.
The standard recommendation is 15% of your pre-tax income starting in your 20s. This includes employer contributions. If you're starting later, you may need to save 20-25% or more. At minimum, always contribute enough to get the full employer match.
Social Security is supplemental income, not savings. The average benefit is about $1,907/month ($23,000/year) as of 2025. Plan your retirement savings to cover your lifestyle independent of Social Security, then treat it as a bonus for extra security.
It's not too late, but you'll need aggressive action. With 15-17 years until retirement, focus on: maximizing catch-up contributions ($7,500 extra to 401(k)), cutting expenses to save 25-30% of income, delaying retirement to age 70, and considering part-time work in early retirement. Use our calculator to create a realistic catch-up plan.
Do both if possible. At minimum, contribute enough to get your full employer 401(k) match (it's free money), then tackle high-interest debt (credit cards, personal loans). Once high-interest debt is gone, split focus between retirement savings and remaining debt. Mortgage debt can be managed alongside retirement saving.
A 401(k) is employer-sponsored with higher contribution limits ($23,500 in 2025) and potential employer matching. An IRA is individual with lower limits ($7,000 in 2025) but more investment options. Ideal strategy: Max employer match in 401(k), then contribute to IRA, then max out 401(k) if able.
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The difference is clear
❌ Traditional Apps: Where did my money go?
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