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Retirement Savings Calculator

Project your savings at retirement and compare them with what your target income needs, using a withdrawal rate you choose.

Your numbers

$
$
%
$
%

Projected savings

$915,443.94

Nest egg needed
$1,250,000.00
Shortfall
$334,556.06
Years to go
35

A projection with steady returns. Real returns vary. Not financial advice.

Quick answer

The Retirement Savings Calculator shows project retirement savings and compare them with the nest egg your income goal needs. How it works: Projected = future value of savings and monthly contributions; Needed = yearly income ÷ withdrawal rate. For example, with current age of 30, retirement age of 65, and saved so far of $25000, the projected savings is $915,443.94.

How to use the Retirement Savings Calculator

  1. Enter current age.
  2. Enter retirement age.
  3. Enter saved so far.
  4. Enter monthly contribution.
  5. Enter annual return.
  6. Enter yearly income wanted.
  7. Read projected savings and the breakdown. Use Share to send the exact numbers, or Print to save a PDF.

How it's calculated

  • Projected = future value of savings and monthly contributions
  • Needed = yearly income ÷ withdrawal rate

Worked example

With current age of 30, retirement age of 65, saved so far of $25000, monthly contribution of $500, annual return of 6 %, and yearly income wanted of $50000:

Projected savings: $915,443.94. Nest egg needed: $1,250,000.00.

Questions people ask

Is the 4% rule safe?

It's a common planning rule, not a guarantee. Talk to a licensed financial adviser for your situation.