How to use the Retirement Calculator tool
3 simple steps · under a minute
-
Enter your age and savings
Type your current age, planned retirement age and what you have saved so far.
-
Add contributions and returns
Enter how much you save each month and the return you expect before and after retiring.
-
See your retirement picture
Read your nest egg, its value in today’s money and the monthly income it can pay.
About Retirement calculator
How much do I need to retire? This retirement calculator answers the question from the other side: it shows how much you are on track to have, and how much monthly income that nest egg can provide. Enter your age, current savings and monthly contributions, along with the returns and inflation you expect.
Because prices rise over time, a million dollars in 30 years will buy much less than today. The calculator shows both the future amount and its value in today’s money. If the monthly income looks low, try saving more, retiring a little later or planning for a different return.
Today’s money
Adjusts for inflation so you see what your savings will really buy.
Retirement income
Shows the monthly income your savings can pay until the age you plan for.
Growth chart
A year-by-year chart of how contributions and investment growth build your nest egg.
Frequently asked questions
How much do I need to retire?
A common rule is to aim for 70–80% of your pre-retirement income, or about 25 times your yearly spending (the 4% rule). Your needs depend on your lifestyle, health costs and other income such as Social Security or a pension.
What return should I use?
Many planners use 5–7% a year for a diversified stock-and-bond portfolio before inflation, and a lower rate during retirement as investments become more conservative.
What is the 4% rule?
It suggests withdrawing 4% of your savings in the first year of retirement and adjusting for inflation after that, which historically lasted around 30 years.
Does this include Social Security?
No. It shows the income from your own savings. Add any Social Security, pension or other income separately.
Is this financial advice?
No. Investment returns are not guaranteed. Use the results as a guide and speak to a financial adviser for a full plan.