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Retirement Calculator – Savings Projection & Retirement Income Estimate

The central question of retirement planning is simple but hard to answer precisely: will you have enough? This calculator projects your savings balance at your target retirement age, estimates the sustainable annual income that balance can support, and compares both against your goals — showing you clearly whether you're on track or how far you need to adjust.

Enter what you've saved so far, how much you contribute annually, your expected return, and when you plan to retire. The calculator compounds your savings to the retirement date, then applies the 4% rule to estimate annual sustainable withdrawal, and can model inflation-adjusted projections.

How to use the Retirement Calculator

Enter your current age and target retirement age.

Enter your current total retirement savings balance.

Enter your expected annual contribution (include employer match).

Set an expected annual return (7% is a common long-term stock market estimate).

Enter desired annual retirement income. View projected balance and income coverage.

Retirement Savings by Monthly Contribution & Return Rate
Monthly Savings	Years	5% Return	7% Return	9% Return
$500	20	$204,511	$259,861	$334,928
$500	30	$416,129	$608,985	$915,238
$1,000	30	$832,258	$1,217,970	$1,830,476
$1,500	30	$1,248,387	$1,826,955	$2,745,714

Retirement Calculator FAQ

What is the 4% rule?

The 4% rule suggests withdrawing 4% of your portfolio in year one of retirement, then adjusting for inflation each year. Historical data shows this sustains a portfolio for 30+ years in most market scenarios. It implies needing 25× your annual expenses saved.

How much do I need to retire?

A common target is 25× your desired annual spending (from the 4% rule). Spending $60,000/year requires ~$1.5 million. Spending $40,000/year requires ~$1 million. Social Security benefits reduce the required portfolio size.

What return rate should I assume?

7% is a widely used estimate for a diversified equity-heavy portfolio (based on historical U.S. stock market returns after inflation). Conservative balanced portfolios (60/40 stocks/bonds) might use 5–6%. More bonds = lower expected return but less volatility.

When should I claim Social Security?

You can claim between 62–70. Claiming at 62 reduces the monthly benefit by ~30% versus your Full Retirement Age (FRA). Delaying to 70 increases it by 8% per year past FRA. If you're healthy and don't need the income, delaying often pays off.