Retirement Calculator
See how much you could have saved by retirement and what yearly income it might support.
When to use this calculator
Use this calculator to see whether you are on track for retirement. Enter your age, retirement age, current savings, monthly contribution and an expected return to estimate your future balance and a simple yearly income.
Example retirement savings
How this calculator works
We grow your current savings and monthly contributions at the return you enter, compounding monthly until retirement. The income figure uses the common 4 percent rule: withdrawing 4 percent of the balance in the first year. Results are in future dollars, so inflation will reduce what that money buys. Social Security is not included.
Step-by-step example
Using these inputs: Your age now: 30; Retirement age: 65; Current retirement savings ($): 25000; Monthly contribution ($): 500; Expected yearly return (%): 7.
A 30-year-old with $25,000 saved, adding $500 a month at a 7% return until 65, could reach $1,188,181. Using the 4% rule, that could support about $47,527 a year or $3,961 a month.
Tips for a better estimate
- Increase your contribution when you get a raise. Small increases early have a big effect.
- Try a more cautious return and a later retirement age to see how sensitive the result is.
- Remember Social Security, taxes and healthcare costs, which are not in this estimate.
FAQ
What is the 4 percent rule?
It is a guideline that you can withdraw about 4 percent of your savings in the first year of retirement and adjust for inflation.
Is 7 percent realistic?
It is a long-term stock market style average before inflation. Returns vary and are not guaranteed.
Are 401(k) matches included?
Add your employer match to your monthly contribution.
What is the 4% rule?
A guideline that says you can withdraw about 4% of your savings in the first year of retirement, and adjust for inflation after that. It is a rule of thumb, not a guarantee.
How much do I need to retire?
It depends on your spending. Many planners estimate you need 25 times your yearly expenses, which is the other side of the 4% rule.
Is the return realistic?
Long-term averages vary, and future returns are unknown. Use a range of values.
Rates and limits last updated: October 2026. This is an estimate for general information only, not financial, tax or legal advice.
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