Retirement Calculator
Professional retirement planning suite for savings, withdrawals, and nest egg analysis.
Estimated Gap / Surplus
Nest Egg at Retire
Annual Income Goal
Required Monthly Savings
To reach your target of in years.
Est. Monthly Withdrawal
This is the amount you can sustainably withdraw until age .
Years Money Will Last
Years
Growth Projection
Portfolio Mix
What is Retirement?
To retire is to withdraw from active working life, and for most retirees, retirement lasts the rest of their lives.
Why Retire?
There are many factors at play that ultimately affect a person's decision to retire. Physical or mental health can affect a person's decision to retire; if a worker is not physically strong enough, succumbs to a disability, or has mentally declined too much to perform the duties of their job, they should probably consider retiring, or at the very least try to find a new occupation that better accommodates their health.
Also, stressors associated with an occupation can become too unbearable, leading to a decline in satisfaction with work. Age is also a factor that affects a person's decision to retire. Theoretically, retirement can happen during any normal working year. Some may choose to "semi-retire" by gradually decreasing their work hours as they approach retirement.
One of the most important factors that affect a person's decision to retire is whether it is even financially possible in the first place. In the U.S., Social Security benefits are only designed to replace about 40% of the average worker's wages during retirement.
How Much to Save?
There are no definite answers, but several "rules of thumb" can help guide your planning journey.
The 10% Rule
Suggests saving 10% to 15% of your pre-tax income every year.
The 80% Rule
Aim for an income that is 70% to 80% of your pre-retirement earnings.
The 4% Rule
Withdraw 4% of your total nest egg annually to ensure it lasts indefinitely.
Common Sources of Funds
Most retirees rely on a combination of these financial pillars.
Social Security
Designed to replace about 40% of average wages. Loosely based on past income levels.
Employer Plans
401(k), 403(b), and 457 plans with tax-advantaged growth and matching programs.
Investments
Stocks, bonds, real estate, and CDs to grow wealth beyond tax-advantaged limits.