Written by Jere SalmistoReviewed by CalcFi EditorialLast verified:

Retirement Planning

5 calculators in this journey

Map your retirement income, optimize your accounts, and make sure your money lasts as long as you do.

Step-by-Step Guide

1

Project retirement savings

Project how much you'll have saved by retirement and whether it will meet your goals.

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2

Optimize 401k contributions

Optimize your 401k contributions to maximize employer match and tax benefits.

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3

Roth vs. Traditional IRA

Compare Roth and Traditional IRA options based on your situation and expected retirement taxes.

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4

Optimize Social Security

Explore claiming strategies and see how age at claim impacts lifetime benefits.

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5

Account for inflation

Account for inflation in your retirement planning and understand its impact on purchasing power.

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Ready to Start?

Complete all 5 steps of this journey and we'll track your progress. Start with the first calculator and we'll guide you through the rest.

Begin Retirement Planning

Frequently Asked Questions

How much money do I need for retirement?

A common rule is 25x your annual spending (based on 4% withdrawal rate). Our calculator factors in your desired lifestyle and inflation.

How should I optimize my 401k contributions?

Maximize employer match first, then contribute up to the annual limit. Our calculator shows how different contribution amounts impact your retirement savings.

Roth vs. Traditional IRA — which is better?

Roth has tax-free growth; Traditional has immediate tax deductions. Our calculator models both scenarios based on your expected retirement tax bracket.

When should I claim Social Security?

Claiming early gives you money sooner; claiming later increases your monthly benefit. Our optimizer shows the lifetime value of different claim ages.

How will inflation affect my retirement?

Inflation reduces purchasing power over time. Our calculator shows how 2-3% annual inflation impacts your retirement budget.

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