Retirement Savings Calculator
Plan your retirement and see if you're on track
Retirement Parameters
Retirement Readiness
Your Retirement Outlook
Projected Retirement Savings
$2,376,362
Recommended Savings
$1,500,000
You're on track!
Based on your current plan, you'll have enough saved to support $5,000monthly income in retirement using the 4% withdrawal rule.
In 35 years at retirement age 65, you'll have accumulated $2,376,362 with your current savings plan.
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Understanding the Concept
Retirement planning involves calculating how much you need to save to maintain your desired lifestyle. The 4% rule suggests you can safely withdraw 4% of your retirement savings annually.
Tips to Optimize
- •Aim to replace 70-80% of your pre-retirement income
- •Take advantage of employer 401(k) matching
- •Consider increasing contributions by 1% annually
- •Diversify investments to balance risk and growth