👴 Retirement Calculator
Estimate your retirement savings balance and determine if you're on track to meet your retirement income goals.…
Planning for a Comfortable Retirement
Use this calculator to project your retirement savings balance based on your current savings, monthly contributions, investment return, and years until retirement. Compare your projected balance against the amount you'll need using the 4% safe withdrawal rate rule.
The 4% Rule
A widely-cited retirement guideline: you can safely withdraw 4% of your portfolio annually without running out of money over a 30-year retirement. To retire on $60,000/year, you need $1.5 million saved (60,000 ÷ 0.04 = 1,500,000).
How Much Should You Save?
Financial planners commonly recommend saving 15% of your gross income for retirement, including any employer match. For someone starting at 35 instead of 25, the percentage rises to 20–25% to compensate for the lost decade of compounding.
Key Retirement Accounts
- 401(k)/403(b): Employer plans with tax-deferred growth. 2025 contribution limit: $23,500 ($31,000 if 50+)
- Traditional IRA: Tax-deductible contributions, taxed on withdrawal. Limit: $7,000 ($8,000 if 50+)
- Roth IRA: After-tax contributions, tax-free withdrawals. Same limits as Traditional IRA
- HSA (Health Savings Account): Triple tax advantage — deductible contributions, tax-free growth, tax-free medical withdrawals