Retirement Calculator
Plan your retirement savings and calculate your future income
Retirement Planning
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Retirement Projection
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About Retirement Planning
Key Concepts
- • 4% Rule: Withdraw 4% of savings annually for retirement income
- • Compound Growth: Earnings on earnings over time
- • Inflation Adjustment: Account for rising costs over time
- • Time Value: Earlier contributions have more time to grow
Retirement Strategies
- • Start saving early to maximize compound growth
- • Increase contributions as your income grows
- • Consider employer matching programs
- • Diversify investments for risk management
Important Notes
- • These are estimates based on historical averages
- • Actual returns may vary significantly
- • Consider consulting a financial advisor
- • Review and adjust your plan regularly
Frequently Asked Questions
How much money do I need to retire?▾
A common rule of thumb is 25 times your expected annual retirement expenses (the 4% rule). So if you need $60,000 per year, aim for around $1.5 million in savings.
What is the 4% rule?▾
The 4% rule suggests that you can withdraw 4% of your retirement portfolio in the first year, then adjust for inflation annually, and have a high probability of not outliving your money over 30 years.
How much should I contribute to my 401(k)?▾
At minimum, contribute enough to capture your full employer match — it is essentially free money. Beyond that, aim for 10–15% of your income going toward retirement savings.
When should I start saving for retirement?▾
As early as possible. Thanks to compound growth, savings made in your 20s can be worth several times more at retirement than equivalent savings made in your 40s.