Retirement Planning Calculator
Plan your retirement savings strategy
Plan Your Retirement
Enter your retirement goals to see if you're on track
Retirement Planning Tips
Start Early
Time is your greatest asset. Starting just 5 years earlier can double your retirement savings due to compound growth.
Automate Savings
Set up automatic contributions to make saving effortless. Increase contributions annually as your income grows.
Diversify Investments
Spread risk across different asset classes. Consider low-cost index funds for broad market exposure.
Retirement Strategy Guide
Building a solid retirement plan requires understanding key principles and strategies:
Retirement Timeline
Helpful Resources
Frequently Asked Questions
How much should I save for retirement?
Financial experts typically recommend saving 10-15% of your income for retirement. The exact amount depends on when you start, your desired retirement lifestyle, and other income sources like Social Security or pensions.
What is the 4% withdrawal rule?
The 4% rule suggests you can safely withdraw 4% of your retirement savings annually without running out of money. This calculator uses this rule to estimate your monthly retirement income.
When should I start saving for retirement?
The earlier you start, the better! Thanks to compound interest, starting in your 20s vs 30s can result in hundreds of thousands more in retirement savings, even with smaller contributions.
What about inflation and taxes?
This calculator includes inflation estimates. For taxes, consider using tax-advantaged accounts like 401(k)s and IRAs. In retirement, your tax rate may be lower, but plan accordingly.
Important Disclaimer
This retirement calculator provides estimates for planning purposes only. Actual results may vary significantly based on market performance, inflation, life expectancy, and other factors.
Key considerations:
- Investment returns are not guaranteed and may fluctuate significantly
- Inflation will reduce the purchasing power of future dollars
- Tax laws and retirement account rules may change
- Healthcare costs in retirement can be substantial
- Consider working with a qualified financial advisor for personalized retirement planning
This tool does not account for Social Security benefits, pensions, or other income sources that may be available in retirement.
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