This retirement calculator projects your savings balance at retirement based on current savings, monthly contributions and expected investment returns. It also calculates how long your money will last and whether you'll have enough for your target monthly spending.
Frequently Asked Questions
How much do I need to retire?
The 4% rule suggests you need 25× your annual expenses. If you plan to spend $50,000 per year, you need $1.25M saved. This calculator uses your expected monthly spending and Social Security income to calculate your exact number.
What is a realistic investment return?
The S&P 500 has returned an average of ~10% annually over the long term, or about 7% after inflation. A diversified portfolio typically earns 6–8% nominal. Use 6–7% for a conservative assumption.
What is the 2024 401(k) contribution limit?
The 2024 401(k) contribution limit is $23,000 ($30,500 if you're 50 or older). The IRA limit is $7,000 ($8,000 if 50+). Maximising these tax-advantaged accounts is generally the first step in retirement planning.