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Retirement Calculator

Plan your dream retirement with our free retirement calculator. See how much you need to save, when you can retire, and whether you're on track to meet your retirement goals. Enter your details below to get a personalized retirement plan with savings projections, income estimates, and actionable advice.

Personal Information

30 yrs
18 30 50 70
65 yrs
50 (Early) 62 67 (Full) 80
85 yrs
70 80 90 100

Current Finances

$75,000
$20K $75K $150K $300K
$50,000
$0 $100K $500K $1M
$500
$0 $500 $2,000 $5,000

Percentage of your contribution matched by employer

Investment & Returns

6%
2% (Safe) 6% (Avg) 10% 12%
3%
1% 3% (avg) 5% 6%

Retirement Income

% of current income you want in retirement

$1,500
$0 $1,500 (avg) $2,500 $4,000
On Track for Retirement
Enter your details to see your plan
0
Years Until Retirement
→
0
Years in Retirement
Projected Retirement Savings
$0
Savings Goal Needed
$0
Monthly Income in Retirement
$0
Savings Gap / Surplus
$0

Retirement Savings Breakdown

Starting Balance $0
Your Contributions $0
Employer Match $0
Investment Growth $0
Total at Retirement $0

Monthly Income Sources

Savings Growth Milestones

Personalized Tips

  • Start saving early - time is your biggest asset
  • Always contribute enough to get full employer match
  • Maximize tax-advantaged accounts (401k, IRA)

Retirement Savings Benchmarks by Age

Age 30
1x Salary
Have 1x your annual salary saved by 30
Age 40
3x Salary
Have 3x your annual salary saved by 40
Age 50
6x Salary
Have 6x your annual salary saved by 50
Age 60
8x Salary
Have 8x your annual salary saved by 60
Age 67
10x Salary
Have 10x your annual salary saved by 67

Retirement Account Types Explained

401(k) / 403(b)

Employer-sponsored plans with pre-tax contributions. 2024 limit is $23,000 ($30,500 if 50+). Many employers offer matching contributions - always contribute enough to get the full match!

Traditional IRA

Individual Retirement Account with pre-tax contributions (if eligible). 2024 limit is $7,000 ($8,000 if 50+). Withdrawals in retirement are taxed as ordinary income.

Roth IRA

After-tax contributions with tax-free growth and withdrawals! 2024 limit is $7,000 ($8,000 if 50+). Income limits apply. Best for those who expect to be in a higher tax bracket in retirement.

Social Security

Government retirement benefit based on your earnings history. Full retirement age is 67 for those born after 1960. Claiming early (62) reduces benefits by 30%. Delaying to 70 increases by 24%.

Brokerage Account

Taxable investment account with no contribution limits or withdrawal restrictions. Good for savings beyond tax-advantaged limits. Capital gains tax applies to profits.

Pension

Defined benefit plan provided by some employers. Guarantees a fixed monthly payment in retirement based on years of service and salary. Becoming less common in private sector.

Disclaimer: This retirement calculator provides estimates for educational purposes only. Actual results will vary based on market performance, tax laws, inflation, and personal circumstances. Consult a certified financial planner (CFP) for personalized retirement advice.

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