Retirement Savings Calculator
Plan for your retirement by calculating how much you need to save and what income you can expect in retirement.
Retirement Projection
Total Saved at Retirement:
$1,383,131
Total Contributions:
$260,000
Investment Gains:
$1,073,131
Annual Retirement Income (first year):
$55,325
Monthly Retirement Income (first year):
$4,610
Real Income (inflation-adjusted):
$23,461
Years Until Retirement:
35 years
Understanding Your Results
Total Saved: Amount accumulated by retirement age with monthly contributions and compound growth.
Annual Income: Based on the withdrawal rate (default 4% per year following the "4% rule").
Real Income: Inflation-adjusted purchasing power in today's dollars.
Investment Gains: Growth from compound returns on contributions and existing savings.
Retirement Planning Tips
- Start Early: Time is your biggest ally. Starting in your 20s vs 40s can mean hundreds of thousands more.
- Max Employer Match: Always contribute enough to get full 401(k) match—it's free money.
- Increase Over Time: Raise contributions by 1% annually as income grows.
- Diversify: Balance stocks, bonds, and other assets based on age and risk tolerance.
- Consider Inflation: $1M today won't have the same value in 30 years.
- Tax Optimization: Mix traditional (tax-deferred) and Roth (tax-free) accounts.
- Review Annually: Adjust contributions and allocations as circumstances change.
Common Retirement Mistakes
- Waiting too long to start saving
- Not maximizing employer 401(k) match
- Withdrawing from retirement accounts early
- Being too conservative or too aggressive with investments
- Ignoring inflation in planning
- Not accounting for healthcare costs in retirement