Retirement Calculator — Are You on Track to Retire?
Project your retirement nest egg and monthly income in retirement.
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Your Results
Projected Retirement Balance
$2,194,700
In Today's Dollars
$904,187
Monthly Income (4%)
$7,316/mo
Years to Grow
30
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How This Calculator Works
FV = PV×(1+r)^n + PMT×((1+r)^n-1)/r where r = monthly return, n = months, PV = current savings, PMT = monthly contribution. Monthly income = FV × 4% withdrawal rate / 12.
Frequently Asked Questions
Fidelity guideline: 3x salary by 40. At $80K: $240K by 40. Other rules: 1x by 30, 3x by 40, 6x by 50, 8x by 60, 10x at 67.
Target saving 15% of gross income (including employer match). On $80K: $12,000/year. If behind, increase by 1% per year until at 15%.
The 4% rule: you need 25x annual expenses. Spending $60K/year: $1.5M needed. For 30-year retirement with Social Security: often $800K-$1.2M for middle-income.
FV = PMT × ((1+r)^n - 1) / r × (1+r) + PV × (1+r)^n. Where PMT=monthly contribution, r=monthly return, n=months, PV=current balance.
At 4% withdrawal: $40K/year. With Social Security ($20K): $60K/year total. Comfortable for most if retiring at 65. Retiring at 55 with $1M: plan for 35 years, use 3% rate.
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Calculations are for educational purposes only. Consult a qualified financial advisor for personalized advice.