Retirement Age Planner Calculator | Estimate Savings Needed to Retire Comfortably

Retirement Age Planner Calculator

Calculate how much you need to save for retirement based on your current age and financial situation

Retired couple planning finances with calculator and charts

Plan your ideal retirement with our personalized savings calculator

How to Use This Retirement Calculator

  1. Enter your current age and planned retirement age
  2. Input your current savings and annual income
  3. Estimate your retirement expenses (typically 70-80% of pre-retirement income)
  4. Adjust investment returns (default is 6% for balanced portfolio)
  5. Click "Calculate" to see your retirement savings goal and progress

This calculator helps you estimate your FIRE number (Financial Independence, Retire Early) and whether you're on track for your retirement goals.

% of pre-retirement income needed

Your Retirement Plan Results

Retirement Savings Goal

Based on 4% safe withdrawal rate

Current Savings Progress

Projected Savings at Retirement

With current savings rate

Annual Savings Needed

To reach your goal

Understanding Your Retirement Plan

Retirement Savings Goal (FIRE Number): This is the total amount you need to save to retire comfortably, calculated using the 4% rule (withdrawing 4% annually in retirement). For example, if you need $40,000 per year, you'd need $1,000,000 saved.

Projected Savings: Estimates how much you'll have at retirement based on your current savings rate and investment returns. If this is below your goal, consider increasing your savings rate.

Annual Savings Needed: The amount you should save each year to reach your retirement goal on time.

Boost Your Retirement Savings

Maximize 401(k) contributions, especially if your employer offers matching. Consider IRA accounts for additional tax-advantaged savings.

Reduce Retirement Expenses

Paying off your mortgage before retirement and relocating to lower-cost areas can significantly reduce your needed nest egg.

Invest Wisely

A balanced portfolio with stocks and bonds typically yields 6-7% returns long-term. Avoid being too conservative with investments.

Consider Semi-Retirement

Working part-time in retirement can reduce the amount you need to save by covering some expenses while allowing your savings to grow.

Note: This calculator provides estimates only. Market returns, life expectancy, and personal circumstances will affect your actual retirement needs. Consult a financial advisor for personalized advice.