What this calculator shows you
- Retirement Number
- Calculate your target retirement savings
- Multiple Scenarios
- Test different retirement ages and lifestyles
- Social Security
- Factor in expected Social Security benefits
- Gap Analysis
- See if you're on track and what to adjust
The 4% Rule Explained
The 4% rule suggests you can withdraw 4% of your portfolio in year one of retirement, then adjust for inflation each year, with high confidence your money will last 30 years. To find your number: multiply your annual expenses by 25. Need $50,000/year? Target $1.25 million.
Estimating Retirement Expenses
Many people spend 70-80% of pre-retirement income in retirement, though some spend more (travel, hobbies) or less (no commute, paid-off mortgage). Track current spending and adjust for expected changes. Don't forget healthcare costs, which increase with age.
Questions people ask
At what age can I retire?
It depends on your savings, not your age. Many achieve financial independence in their 40s or 50s with aggressive saving. The traditional 65 is based on Social Security, not necessity. Calculate your number and work backwards to find your possible retirement age.
Education only, not personalized financial, tax or investment advice. Results are estimates based on the numbers you enter; real returns vary and losses happen.