Retirement Calculator

Retirement Calculator: Estimate how much you’ll need to retire based on age, income, and savings.

Average U.S. life expectancy is 76-80 years.
Typical retirement age is 65-67.
Women may live a few years longer than men.
Your annual income before taxes.
Assumptions
Expected yearly salary growth (e.g., 3%).
of current income
Typically 70-80% of pre-retirement income, in today’s dollars.
Expected annual return on savings (e.g., 6%).
Average U.S. inflation is ~3.5% over the past century.
Optional
/month
Social Security, pension, rental income, etc., at retirement age.
Total savings currently set aside for retirement.
of income
Annual contributions to retirement savings.

Result

Parameter Value
Total Savings Needed at Retirement $1,126,512.24
Annual Savings Needed $12,264.07
Retirement Income Needed (Annual) $52,500.00
Projected Savings at Retirement $346,517.22

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