Retirement Calculator

How the retirement calculator works

Enter your current age, the age you plan to retire, your current savings, and how much you contribute monthly. The calculator projects how much your savings could grow to by retirement — your nest egg — and estimates the monthly income you could safely withdraw based on the withdrawal rate you choose.

The 4% rule explained

The 4% rule is a popular retirement guideline, based on the famous Trinity Study. It suggests that withdrawing 4% of your portfolio in your first year of retirement — and adjusting that amount for inflation each year — gives your money a high probability of lasting 30 years. A lower withdrawal rate (3%) is more conservative; a higher rate (5%+) is riskier.

How much should you save?

A common rule of thumb from Fidelity suggests saving:

• 1× your salary by age 30
• 3× your salary by age 40
• 6× your salary by age 50
• 8× your salary by age 60
• 10× your salary by age 67 (full retirement age for many)

Assumptions and limitations

This calculator assumes a constant annual return rate. In reality, investment returns vary year to year. It also does not account for inflation, taxes, Social Security benefits, pensions, or changes in contribution amounts over time. Use the results as a rough planning guide, and consider consulting a certified financial planner (CFP) for a personalized plan.