Calculator
Save for Retirement
Find out how much you need to save each month to retire comfortably. Enter your income, current savings, and assumptions to get a personalized savings target.
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How much of today's income you want your retirement to fund.
$
Monthly savings needed
$20,996
To close a gap of $9,546,034 over 20 years. That is $251,946 a year.
- Retirement income target
- $280,000
- In today's dollars.
- Same target at age 65
- $458,813
- Grown at 2.50% a year.
- Portfolio target at retirement
- $11,470,315
- Income target divided by a 4.00% withdrawal rate.
- Projected from current savings
- $1,924,281
- Existing balance only, before any new contributions.
What this calculator assumes
- The income you want to replace is entered as a share of today's household income and grown at the inflation rate you set.
- The portfolio target is that inflation-adjusted income divided by your chosen withdrawal rate. Social Security, a pension, and other income are not netted off.
- Contributions are treated as annual and credited half a year of growth. They are held level in nominal terms rather than increasing each year.
- Returns are applied as a constant rate, and no allowance is made for taxes, fees, or employer contributions.
This tool produces estimates for planning discussion only. It is not investment, tax, or legal advice, it does not account for your full situation, and it is not a projection of actual results. Investments involve risk and are not guaranteed.
Let's connect.
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