Your Retirement Details
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Your Retirement Outlook
Projected Savings at Retirement
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At age 65 — in 0 years
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Total Contributed
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Investment Growth
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Monthly Needed for Goal
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Surplus / Shortfall
Find out how much you need to save each month to retire comfortably
A common rule of thumb is to save 25 times your expected annual retirement expenses — known as the 4% rule. If you plan to spend $50,000 per year in retirement, you would need $1.25 million saved. This calculator helps you see if your current savings rate will get you there.
The earlier you start saving for retirement, the less you need to save each month. Thanks to compound interest, money invested in your 20s and 30s has decades to grow. Starting at age 25 instead of 35 can result in dramatically more wealth by retirement — even with the same monthly contribution.
Historically, diversified stock market index funds have returned around 7% per year on average after inflation. Conservative investors may use 5–6%, while more aggressive assumptions use 8–10%. Always plan conservatively to avoid running out of money in retirement.
Maximize contributions to tax-advantaged accounts like a 401(k), IRA, ISA, or RRSP. Take full advantage of any employer matching contributions — that is free money. Increase your contribution rate every time you get a raise, and avoid withdrawing from retirement accounts early.