Estimate how much you need to retire and whether you're on track
Enter your age, planned retirement age, current savings, annual income and expected return. The calculator projects your nest egg at retirement, estimates monthly income it will provide, and shows whether there's a gap — plus the savings rate needed to close it.
Your future nest egg is the future value of current savings plus annual contributions, grown at your assumed return. Monthly retirement income is estimated with the 4% rule — withdrawing 4% of the nest egg per year is considered sustainable for ~30 years.
A 35-year-old earning $85,000 with $85,000 already saved projects a nest egg of about $2,645,423 at 67, providing roughly $8,818 a month in retirement income. That still leaves a $82,403 annual gap versus their target lifestyle, pushing the recommended savings rate to 13.2%.
The 4% rule is a widely used guideline for retirement withdrawals. It says you can safely withdraw 4% of your retirement savings in your first year of retirement, then adjust that amount for inflation each year. Based on historical market returns, this strategy has historically lasted at least 30 years through both bull and bear markets.
If you were born in 1960 or later, your Full Retirement Age is 67. You can claim benefits as early as age 62, but your monthly check will be permanently reduced by about 30%. If you delay past FRA up to age 70, you earn delayed retirement credits that increase your benefit by about 8% per year.
A common rule of thumb is that you'll need about 70-80% of your pre-retirement income to maintain your lifestyle in retirement. This calculator defaults to a 70% replacement rate. Your actual needs depend on your health, where you live, whether your mortgage is paid off, and your travel/leisure goals.
Yes, absolutely. The employer match is free money and significantly accelerates your savings. Always contribute at least enough to get the full match — it's an instant 50-100% return. A typical match is 50% of your contributions up to 6% of your salary.