How much should I save for retirement?

A common rule is to save 10-15% of your income for retirement. However, the exact amount depends on your retirement goals, current age, expected retirement age, and other income sources like Social Security or pensions.

When should I start saving for retirement?

The earlier, the better! Starting in your 20s gives you decades for compound growth. Even small amounts early on can grow significantly. If you start later, you'll need to save more to catch up.

Should I prioritize 401(k) or IRA?

If your employer offers 401(k) matching, contribute enough to get the full match first - it's free money. Then consider maxing out an IRA for more investment options, then return to maximize your 401(k).

What is a safe withdrawal rate in retirement?

The traditional "4% rule" suggests withdrawing 4% of your retirement savings annually. However, many experts now recommend 3-3.5% to account for longer lifespans and market volatility.

Retirement Calculator – Plan Your Financial Future

Calculate how much you need to save for retirement. Plan your financial future with our comprehensive retirement planning calculator.

Retirement Calculator – Plan Your Financial Future

Calculate how much you need to save for retirement. Plan your financial future with our comprehensive retirement planning calculator.

Current Age*

Your current age

Retirement Age*

When you plan to retire

Current Retirement Savings

Current retirement account balance

Monthly Contribution*

Monthly retirement savings

Expected Annual Return (%)*

Expected investment return

$500,000

Retirement Savings

4% Rule$1,667/mo

3% Rule$1,250/mo

Planning for Retirement

Retirement planning is crucial for financial security in your later years. This calculator helps you determine how much you need to save monthly to reach your retirement goals, considering your current savings, expected returns, and time horizon.