Retirement Calculator — How Much Do I Need to Retire? | T...

📝 Your Details

Current Age

Retirement Age

Annual Income ($)

Monthly Expenses in Retirement ($)

Current Savings ($)

Monthly Contribution ($)

Expected Return (%)

Inflation (%)

Est. Social Security ($/month at 67)

📊 Your Retirement Outlook

You Need to Retire

$1,200,000

To fund 25 years of retirement

$1,450,000

You'll Have at 65

+$250,000

Surplus / Shortfall

$5,800

Monthly Income

Money Lasts Until

Readiness121%

✅ You're on track! Your savings will exceed your goal.

💰 Maximize Your Retirement

Compare 401(k), Roth IRA, and investment options

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📅 Savings Growth by Year

Age	Year	Annual Contribution	Growth	Total Balance

📊 Max Out 401(k)

Contribute $23,500/year (2025 limit). If employer matches 50% of 6%, that is $2,550 in free money on an $85K salary. Never leave the match on the table.

💎 Open a Roth IRA

$7,000/year limit. All growth and withdrawals are tax-free in retirement. Best account for young workers who expect higher future income.

📈 Start Early

$500/month from age 25 = $1.74M by 65. Same $500 from age 35 = $745K. Starting 10 years earlier gives you $1 MILLION more.

🎯 The 4% Rule

You need 25× your annual expenses saved. Spending $48K/year in retirement? You need $1.2 million. Withdraw 4%/year and your money lasts 30+ years.

🏥 Plan for Healthcare

Average US couple needs $315,000 for healthcare in retirement. Medicare starts at 65 but doesn't cover everything. Budget an extra $500-$800/month.

📉 Reduce Fees

1% annual fee on $500K = $5,000/year. Over 30 years, that's $200K+ lost. Use low-cost index funds (0.03-0.10%) instead of managed funds.

How Much Do I Need to Retire?

The most common rule of thumb is the 4% rule: you need 25 times your annual retirement expenses saved. If you plan to spend $4,000/month ($48,000/year) in retirement, you need approximately $1.2 million. This calculator accounts for inflation, investment returns, Social Security income, and your current savings trajectory to give you a personalized retirement number.

Retirement Account Priority Order

Step 1: 401(k) up to employer match — This is free money. If your employer matches 50% of 6%, contribute at least 6% before anything else
Step 2: Max out Roth IRA ($7,000) — Tax-free growth and withdrawals. The most flexible retirement account
Step 3: Max out 401(k) ($23,500) — Reduces your taxable income and builds wealth tax-deferred
Step 4: HSA if eligible ($4,150) — Triple tax advantage. Best used as a stealth retirement account
Step 5: Taxable brokerage account — No limits, no restrictions. Invest in total market index funds for long-term growth

When Can I Retire?

Traditional retirement age is 65, but many people are pursuing FIRE (Financial Independence, Retire Early) in their 40s or 50s. The key factor is not age — it is your savings rate. Save 10% of income and you will work for 51 years. Save 50% and you can retire in 17 years. Save 70% and you are financially independent in just 8.5 years. Use this calculator to find your personal retirement date based on your actual numbers.

🏖️ Retirement Calculator