The Retirement Calculator provides a comprehensive analysis of your retirement readiness by projecting your savings growth, estimating future expenses, and determining whether you are on track to maintain your desired lifestyle after leaving the workforce. It considers factors like inflation, investment returns, Social Security benefits, and life expectancy. Input your current financial details including savings, annual income, monthly contributions, and expected retirement age. The calculator models your wealth accumulation during working years and drawdown during retirement, showing you exactly when your money may run out or how much surplus you can expect. Retirement planning involves balancing numerous variables: how much you earn, how much you save, how your investments perform, and how long you need your money to last. This calculator brings all these factors together into a clear projection that helps you make informed decisions about your savings rate and retirement timing. Whether you are just starting your career or approaching retirement, use this calculator to set realistic savings goals, adjust your investment strategy, and build confidence in your retirement plan.
Enter your details and click Calculate to see results.
Saved Presets is a Supporter feature.
Tool History is a Supporter feature.
Tool Notes is a Supporter feature.
Input your current age, annual income, existing retirement savings, and monthly contribution amount to establish your baseline.
Specify your desired retirement age, expected annual expenses in retirement, anticipated investment return rate, and inflation assumption.
Review the projected retirement balance, estimated income sustainability, and any savings gap. Adjust inputs to explore different scenarios.
During your working years, the calculator compounds your existing savings and ongoing contributions at your specified investment return rate, projecting total wealth at your retirement date.
Future expenses are adjusted for inflation using your specified rate, ensuring the calculator reflects the real purchasing power needed in retirement rather than today's dollar values.
After retirement, the calculator models annual withdrawals to cover living expenses while remaining savings continue to earn investment returns at a typically more conservative rate.
The calculator projects how long your savings will last based on your withdrawal rate and remaining investment growth, identifying any potential shortfall years before they occur.
A common guideline is to save 10-15% of your gross income for retirement. However, the right amount depends on your desired lifestyle, retirement age, existing savings, and expected Social Security benefits. This calculator helps you determine your specific target.
