Retirement Calculator
Plan your retirement savings with our free calculator. Find out how much you need to retire comfortably based on your age, income, and goals.
Savings rate: 32.4% of income
Your FIRE Number
$1,250,000.00
50,000 × 25 (4% rule)
$75,000.00 of $1,250,000.00
Years to FIRE
19 years
Monthly at 4%
$4,166.67
About the Retirement Calculator
Planning for retirement is the most important long-term financial task most people face. Our retirement calculator helps you determine how much you need to save, whether you're on track, and when you can realistically retire based on your current savings, contributions, and expected returns. This tool is designed for users in the USA (401k, IRA), UK (pension, ISA), Canada (RRSP, TFSA), and Australia (superannuation).
How It Works
The calculator projects your savings forward using compound growth, then applies the 4% safe withdrawal rule — the widely-accepted guideline that you can withdraw 4% of your portfolio annually in retirement with a high probability of never running out of money over a 30-year retirement. Your "retirement number" is therefore 25× your desired annual retirement spending. If you want to spend $60,000/year in retirement, you need approximately $1.5 million saved.
Tips & Best Practices
- ✓Max out employer 401k matching first — it's an instant 50–100% return on that contribution.
- ✓The 4% rule works best with a diversified portfolio of 60% stocks, 40% bonds.
- ✓Social Security / State Pension reduces how much your portfolio needs to provide.
- ✓Healthcare costs in retirement average $315,000 per couple in the USA — plan ahead.
- ✓Retiring at 62 vs. 67 can reduce Social Security benefits by 25–30%.
Who Uses This Calculator
This calculator is used by financial planners, HR departments educating employees about retirement benefits, and individuals at every stage of their career. A 35-year-old with $50,000 saved contributing $1,000/month at 7% annual returns will have approximately $1.4 million at age 65 — enough to support $56,000/year in withdrawals using the 4% rule.
Optimised for: USA · Canada · UK · Australia · Calculations run in your browser · No data stored
Frequently Asked Questions
How much do I need to retire?
The 4% rule suggests you need 25× your annual expenses saved. For $60,000/year spending, that's $1.5M.
When should I start saving for retirement?
The earlier the better. Starting at 25 vs 35 can double your retirement fund due to compounding.