🏖️ Retirement Calculator
Plan your financial future and calculate how much you need to save for a comfortable retirement.
How to Use the Retirement Calculator
📝 Input Your Details
Enter your current age, retirement age, existing savings, and annual income. Be realistic with your assumptions for accurate planning.
🎯 Set Your Goals
Determine what percentage of your current income you'll need in retirement (typically 70-90%) and your expected life expectancy.
📈 Plan Your Strategy
Use the results to understand how much you need to save monthly and adjust your investment strategy accordingly.
Retirement Planning FAQ
How much should I save for retirement?
Financial experts typically recommend saving 10-15% of your income for retirement. However, the exact amount depends on your retirement goals, current age, and expected lifestyle in retirement.
What's a realistic rate of return to expect?
Historically, the stock market has returned about 10% annually before inflation. A conservative estimate of 6-8% after inflation is commonly used for retirement planning.
What if I'm starting late?
Starting late means you'll need to save a higher percentage of your income. Consider maximizing contributions to catch-up contributions in 401(k)s and IRAs if you're over 50.
Should I include Social Security?
This calculator doesn't include Social Security benefits. You can estimate your benefits at ssa.gov and reduce your retirement savings goal accordingly.