Retirement Calculator
Plan your retirement savings and calculate if you're on track for financial independence
Retirement Planning Calculator
Personal Information
Savings Information
Retirement Information
Retirement Projection Results
Needs improvement. Significant increase in savings required.
Savings Breakdown
Monthly Retirement Income
Recommendations
• You need an additional $1,759,925.329 for retirement
• Consider increasing monthly savings to $1,170.495/month
• Or consider working 46 more years
Retirement Planning Rules
4% Rule
Withdraw 4% of savings annually
25x Rule
Save 25x annual expenses
Replacement Ratio
Target 80% of pre-retirement income
Retirement Tips
Start saving as early as possible for compound growth
Take advantage of employer 401(k) matching
Consider Roth IRA for tax-free retirement income
Review and adjust your plan annually
Don't rely solely on Social Security
Understanding Retirement Planning
Why Plan for Retirement?
Retirement planning ensures you maintain your lifestyle when you stop working. Starting early allows compound interest to work in your favor, making it easier to reach your retirement goals.
Key Planning Factors
- •Time horizon (years until retirement)
- •Expected rate of return on investments
- •Inflation impact on purchasing power
- •Life expectancy and years in retirement
Calculation Methods
Future Value of Savings:
FV = PV × (1 + r)^n + PMT × [((1 + r)^n - 1) / r]
- FV: Future value at retirement
- PV: Present value (current savings)
- PMT: Monthly payment (savings)
- r: Monthly interest rate
- n: Number of months
4% Rule: Withdraw 4% annually from retirement savings for sustainable income