Finance

Retirement Calculator

Find out if you're on track for retirement and how much you need to save.

Key Formulas:
Savings at Retirement = Current × (1+r)^n + PMT × [(1+r)^n − 1] / r
Needed = Annual Income / Withdrawal Rate
4% Rule: Withdraw 4% of portfolio in year 1, adjust for inflation

The 4% Rule

The 4% rule suggests withdrawing 4% of your portfolio in the first year of retirement, then adjusting for inflation. Historical data shows this approach has a high probability of lasting 30+ years. To generate $60,000/year, you need $1.5 million saved.

Retirement Savings Milestones

AgeFidelity GuidelineExample ($75k salary)
301× salary saved$75,000
403× salary$225,000
506× salary$450,000
608× salary$600,000
6710× salary$750,000