Retirement Calculator

Plan your retirement savings and withdrawal strategy

Current Age

Retirement Age

Current Savings ($)

Monthly Contribution (%)

Expected Annual Return (%)

Retirement Goal ($)

Current Annual Income ($)

Employer Match (%)

Retirement Savings Growth Breakdown

🟣 Purple (bottom): Your current $25,000 growing at 7% annually through compound interest
🟢 Green (middle): Growth from your ongoing 10% monthly contributions
🔵 Blue (top): Additional growth from 3% employer matching

💡 Key insight: Even without adding new money, your current savings will grow significantly over time!

Retirement Projection

Total at Retirement:$1,426,343

Monthly Income (4% rule):$4,754

Income Replacement:76.6%

Savings Breakdown

Your Contributions:$287,500

Employer Match:$7,875

Investment Growth:$1,130,968

What This Means:

This Retirement Savings Goal calculation projects your total retirement savings based on current savings, monthly contribution percentage of income, and employer matching.

4% Rule: The monthly income uses the safe withdrawal rate of 4% annually, designed to last 30+ years in retirement.

Income Replacement: Financial experts recommend replacing 70-90% of pre-retirement income. Your projection shows 76.6% replacement.

Great progress: You're on track to meet or exceed your retirement income needs!

💰 Quick Facts

📊 Only 36% of Americans can guess their retirement needs

Most underestimate by 25-50% what they'll actually need

💸 4% rule started from 1994 Trinity Study

Based on 30-year retirement with 50/50 stock/bond portfolio

🎯 401(k) limits: $23,000 under 50, $30,500 over 50

2024 limits with catch-up contributions included

⏰ Starting at 25 vs 35 saves 2x less needed monthly

Compound interest makes early starts incredibly powerful

🏥 Healthcare averages $165,000 in retirement

Fidelity estimate for 65-year-old couple in 2023

📈 Social Security replaces ~40% of income

Most financial experts recommend 70-90% replacement

🔄 Average person changes jobs 12 times in career

Rollover your 401(k) to maintain investment growth

💰 Employer match is free money: 100% return

Always contribute at least enough to get full match