Retirement Planning Calculator
Estimate how much you need to save for a comfortable retirement.
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How to Use
- Enter your current age and target retirement age to define your savings timeline.
- Input your current savings and how much you can contribute monthly.
- Set your expected annual investment return rate and anticipated inflation rate.
- Specify your desired monthly retirement income and life expectancy.
- Click "Calculate" to see your projected wealth, income gap, and year-by-year breakdown.
Frequently Asked Questions
How much do I need to retire comfortably?
A common guideline is to replace 70-80% of your pre-retirement income. The exact amount depends on your lifestyle, healthcare costs, and whether you have other income sources like Social Security or pensions.
What is the 4% rule?
The 4% rule suggests you can withdraw 4% of your retirement savings in the first year, then adjust for inflation each subsequent year, and your money should last approximately 30 years.
What is FIRE (Financial Independence, Retire Early)?
FIRE is a movement focused on extreme savings and investment, typically saving 50-70% of income, to achieve financial independence and retire much earlier than the traditional age of 65.
How does inflation affect my retirement plan?
Inflation erodes purchasing power over time. A 3% annual inflation rate means your expenses roughly double every 24 years. This calculator adjusts for inflation to show you the real value of your savings.
Should I adjust my savings strategy as I age?
Yes. Most advisors recommend gradually shifting from aggressive to conservative investments as you approach retirement. This calculator uses a fixed return rate, but real-world strategies often include asset rebalancing.