How this retirement calculator works

This calculator estimates how much you could have saved by retirement based on your current age, retirement age, current retirement savings, monthly contributions, and expected annual investment return. It also estimates how much annual retirement income your portfolio may support using a 4% withdrawal rule.

How much do you need to retire?

The answer depends on your expected living expenses, retirement lifestyle, and other income sources such as Social Security, pensions, rental income, or part-time work.

A common starting point is to estimate how much annual income you want in retirement and compare that goal against what your projected portfolio might support.

What is the 4% rule?

The 4% rule is a common retirement planning guideline suggesting that retirees may be able to withdraw about 4% of their portfolio in the first year of retirement, then adjust future withdrawals over time.

It is only a rough estimate, but it gives a useful starting point for planning retirement income.

How to improve your retirement outlook

Increasing monthly contributions, delaying retirement, reducing expected retirement expenses, or earning higher long-term investment returns can all improve your projected retirement readiness.