Retirement Savings Calculator
Plan for your retirement with projected savings and income estimates. See how your current contributions will grow over time and plan for a secure financial future.
Retirement Planning Details
Include 401(k), IRA, and other retirement accounts
Include employer matching in your total contribution
Historical stock market average is 7-10% annually
Retirement Projection
Enter your retirement details and click "Calculate Retirement Projection" to see results.
How Retirement Planning Works
Retirement planning is about ensuring you have enough money to maintain your desired lifestyle when you stop working. This calculator helps you understand how your current savings and contributions will grow over time.
Key Components
- Current Savings: Money you've already saved for retirement
- Monthly Contributions: Regular amounts you're adding to your retirement accounts
- Time Horizon: Years until you plan to retire
- Expected Return: Annual growth rate you expect from your investments
The 4% Rule
The calculator uses the "4% rule" to estimate your retirement income. This rule suggests that you can safely withdraw 4% of your retirement savings annually without running out of money during a 30-year retirement period.
Retirement Income Sources
- Personal retirement savings (401(k), IRA, etc.)
- Social Security benefits
- Pension plans (if applicable)
- Part-time work or side income
- Rental income or other investments
Important Considerations
- This calculator assumes consistent contributions and returns
- Actual returns will vary year to year
- Consider inflation when planning for retirement
- Healthcare costs may be higher in retirement
- Your lifestyle and spending may change over time
This calculator is a starting point for retirement planning. Consider consulting with a financial advisor for personalized advice based on your specific situation and goals.