Retirement Savings Calculator
Determine your retirement savings target based on your desired retirement age, lifestyle, and expected returns.
Savings Goal Calculator
How It Works
Estimate annual retirement expenses (typically 70-80% of pre-retirement income)
Multiply by expected retirement years (20-30 years)
Subtract expected Social Security and pension income
Remaining gap is your retirement savings target
Frequently Asked Questions
How much do I need to save for retirement?
A common rule: 25x your annual retirement expenses. If you need $60k/year in retirement, aim for $1.5M saved. This assumes 4% annual withdrawal rate and 30-year retirement.
Am I saving enough for retirement?
Benchmarks by age: 1x salary by 30, 3x by 40, 6x by 50, 8x by 60, 10x by 67. If you're behind, increase savings rate by 1-2% annually and delay retirement if possible.
What's a good retirement savings rate?
15-20% of gross income is ideal. This includes employer 401(k) match. If starting late (40+), aim for 25-30% to catch up.