Retirement Calculator

Plan your retirement savings and calculate how much you need to save for a comfortable retirement. Get projections with compound interest and inflation adjustments.

Personal Information

18 years 100 years
50 years 100 years

Current Financial Status

Total amount currently saved for retirement
Amount you plan to save each month

Investment Parameters

1% 15%
Average annual return on your investments
1% 8%
Expected average inflation rate

Retirement Goals (Optional)

Total amount you want to have at retirement
Monthly income needed in retirement
Total Retirement Savings
$0
At retirement age
Years to Retirement
0 years
Monthly Income Potential
$0
Total Contributions
$0
Investment Growth
$0

Savings Breakdown

Component Amount Percentage

Retirement Savings Growth

Scenario Analysis

Compare different retirement scenarios to see how changes affect your savings

Understanding Retirement Planning

The Power of Compound Interest

Compound interest is your greatest ally in retirement planning. The earlier you start, the more time your money has to grow exponentially through reinvested earnings.

  • Time Advantage: Starting at 25 vs 35 can double your retirement savings
  • Growth Rate: 7% annual return doubles money every 10 years
  • Consistency: Regular contributions maximize compound growth

Retirement Savings Rules

Follow these proven guidelines to ensure you're saving enough for a comfortable retirement lifestyle.

  • 4% Rule: Withdraw 4% annually from retirement savings
  • 10x Rule: Save 10-12 times your final salary by retirement
  • Age Percentage: Save your age as a percentage of income
  • Replacement Ratio: Plan for 70-90% of pre-retirement income

Retirement Account Types

Understanding different retirement accounts helps you maximize tax advantages and employer benefits.

  • 401(k): Employer-sponsored with potential matching
  • Traditional IRA: Tax-deductible contributions, taxed on withdrawal
  • Roth IRA: After-tax contributions, tax-free withdrawals
  • HSA: Triple tax advantage for healthcare expenses

Frequently Asked Questions

A common rule is to save 10-15% of your income for retirement. However, the exact amount depends on your goals, current age, and expected retirement lifestyle. Starting early allows for smaller contributions due to compound interest.

The 4% rule suggests you can safely withdraw 4% of your retirement savings annually without running out of money. This means you need 25 times your annual expenses saved for retirement.

Generally, contribute enough to your 401(k) to get the full employer match first, then consider maxing out an IRA, then return to maxing out your 401(k). This strategy maximizes free money and tax advantages.

If you're 50 or older, you can make catch-up contributions. Also consider working a few extra years, reducing expenses, increasing your savings rate significantly, or delaying Social Security for higher benefits.

You can start at 62 with reduced benefits, full retirement age (66-67), or delay until 70 for maximum benefits. Delaying increases your monthly benefit by about 8% per year after full retirement age.

A common rule is to subtract your age from 100 to determine your stock allocation percentage. Diversify across asset classes and consider low-cost index funds. Rebalance annually and adjust as you approach retirement.

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