Retirement Calculator — How Much Do You Need?
The Retirement Calculator estimates how much money you will have when you retire based on your current savings, monthly contributions, expected return, and the years until retirement. Planning early is the most powerful thing you can do for retirement — the power of compound interest over decades is remarkable.
How to Use This Calculator
- 1
Enter your current total retirement savings.
- 2
Enter how much you contribute each month.
- 3
Enter the expected annual return rate (7% is a common estimate for a diversified portfolio).
- 4
Enter the number of years until you plan to retire.
- 5
Click Calculate to see your projected retirement nest egg.
Frequently Asked Questions
A common rule of thumb is 25x your annual expenses (the '4% rule'). If you need $50,000/year in retirement, you need $1.25 million saved.