Retirement Calculator
Find out how much you'll have at retirement, whether you're on track, and how long your savings will last.
Frequently Asked Questions
How much do I need to retire?
A common rule of thumb is to multiply your expected annual expenses in retirement by 25 — this is based on the 4% rule, which assumes you can withdraw 4% of your portfolio each year without running out of money over a 30-year retirement. For example, if you expect to spend $4,000 per month ($48,000 per year), you would need approximately $1,200,000 saved. Your actual needs depend on your lifestyle, healthcare costs, Social Security income, and how long you live.
What is the 4% rule?
The 4% rule (also called the Bengen rule) states that retirees can withdraw 4% of their portfolio in the first year of retirement and then adjust for inflation each year, with a high probability of not running out of money over a 30-year retirement. It was derived from historical US stock and bond market data. Some financial planners now suggest a more conservative 3–3.5% withdrawal rate given current market conditions and longer life expectancies.
How does inflation affect retirement savings?
Inflation erodes the purchasing power of your savings over time. At 3% annual inflation, prices double roughly every 24 years. This means $1 million saved today will have the purchasing power of only about $410,000 in 30 years. This calculator shows your projected savings in both nominal (future) dollars and in today's dollars (inflation-adjusted) so you can see what your nest egg will actually be worth when you retire.