Retirement Savings Calculator

Plan for a comfortable retirement. Calculate how much you need to save now to enjoy financial freedom later.

Why Plan for Retirement?

The earlier you start, the less you need to save each month thanks to compound interest. Even small amounts now can grow into large sums!

How to Use This Calculator

1. Current Age: How old are you now?
2. Retirement Age: When do you want to retire? (65 is typical)
3. Current Savings: How much have you saved already?
4. Monthly Contribution: How much can you save each month?
5. Expected Return: Average annual return (7-8% is conservative for stocks)
6. Retirement Income Needed: How much per year do you want in retirement?

The Calculator Shows

• Total savings at retirement
• Whether you’re on track
• How much you need to save to reach your goal
• Annual income your savings will provide

Rule of Thumb: The 4% Rule

You can safely withdraw 4% of your retirement savings per year without running out.

Example: $1 million saved = $40,000/year safely

So if you want $60,000/year in retirement, you need: $60,000 ÷ 0.04 = $1.5 million

How Much to Save?

General Guidelines:

• 20s: Save 10-15% of income
• 30s: Save 15-20% of income
• 40s: Save 20-25% of income
• 50s+: Save 25-30% of income

Starting early makes a HUGE difference!

Starting at 25: $300/month at 8% = $1 million at 65 Starting at 35: Need $700/month for same result Starting at 45: Need $1,700/month for same result!