Retirement Calculator
Project your retirement savings growth with compound interest. See how much you need to save monthly to reach your goals.
Projected Retirement Savings
$1,481,088
at age 65
Total Contributions
$260,000
Investment Growth
$1,221,088
Monthly Income (Portfolio)
$7,982
Social Security (est.)
$2,000/mo
Combined Monthly Income
$9,982
Years Investing
35 years
Your portfolio will last indefinitely (4% rule)
At $48,000/yr spending with $2,000/mo Social Security, you need $600,000 saved. You're on track with a $881,088 surplus.
📊 Contributions vs Growth
📈 Growth Milestones
| Age | Balance | Total Contributed | Growth |
|---|---|---|---|
| 35 | $106,887 | $80,000 | $26,887 |
| 40 | $187,530 | $110,000 | $77,530 |
| 45 | $301,853 | $140,000 | $161,853 |
| 50 | $463,920 | $170,000 | $293,920 |
| 55 | $693,669 | $200,000 | $493,669 |
| 60 | $1,019,369 | $230,000 | $789,369 |
| 65 | $1,481,088 | $260,000 | $1,221,088 |
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Retirement Savings Guidelines
- The 4% Rule: You can safely withdraw 4% of your portfolio per year in retirement (e.g., $1M = $40K/year or $3,333/month).
- Age-based targets: Aim for 1× salary saved by 30, 3× by 40, 6× by 50, 8× by 60, and 10× by 67.
- Max 401(k) contributions (2024): $23,000/year ($30,500 if 50+). Employer match is free money — always max it out.
- Power of starting early: $500/month from age 25 at 7% = $1.4M at 65. Starting at 35 = $680K. A 10-year head start nearly doubles your nest egg.
❓ Frequently Asked Questions
How much do I need to retire?
A common target is 25× your desired annual spending (based on the 4% rule). For example, if you need $50,000/year, aim for $1.25M.
What return should I assume?
The S&P 500 has historically returned ~10% annually (7% after inflation). Use 7% for a conservative estimate, 10% for more aggressive projections.
Should I contribute to 401(k) or IRA first?
First, max out your employer 401(k) match (free money). Then fund an IRA ($7,000/year limit). Then increase 401(k) contributions.
When should I start saving for retirement?
As early as possible. Time is your greatest asset due to compound interest. Even $100/month starting at 22 can grow to $400K+ by 65.