Retirement Calculator
Estimate your retirement nest egg and whether you're on track to retire comfortably.
The 4% Rule for Retirement
A common retirement guideline is the 4% rule: withdraw 4% of your nest egg per year and it should last 25–30 years. This means: annual income ÷ 0.04 = retirement target.
Example: $60,000/year income needed → $60,000 ÷ 0.04 = $1,500,000 target.
Retirement Account Types
- 401(k): Employer-sponsored; 2024 limit $23,000/year (+ $7,500 catch-up if 50+)
- Traditional IRA: Tax-deductible contributions; 2024 limit $7,000/year
- Roth IRA: Tax-free growth and withdrawals; same limits as Traditional IRA
How Retirement Projections Work
A retirement estimate combines what you've already saved, what you add each month, the years until you retire, and an assumed rate of return. Thanks to compounding, contributions made in your 20s and 30s do far more work than the same amounts added later. The calculator projects the nest egg you're on track to build and compares it with a target.
The 4% Rule of Thumb
A widely cited guideline suggests you can withdraw about 4% of your savings in the first year of retirement, adjusting for inflation thereafter, with a reasonable chance the money lasts 30 years. By that rule, a $1,000,000 pot supports roughly $40,000 a year. It's a starting point, not a guarantee — markets, lifespans, and spending all vary.
Use It for Planning, Not Promises
Returns aren't constant and inflation erodes purchasing power, so revisit the numbers yearly and lean conservative. See how inflation changes the picture with the inflation calculator.