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MARKETINFORMATIVE

Retirement Calculator

Projected Retirement Savings
$2,376,362
in 35 years (age 65)
Total Contributions
$470,000
Investment Growth
$1,906,362
Monthly Retirement Income (4% Rule)
$7,921
Annual: $95,054
Savings Gap Analysis
On Track

Your projected income of $95,054/year exceeds the $60,000 target. You are well-positioned for retirement.

Frequently Asked Questions

What is the 4% rule for retirement?

The 4% rule is a widely-cited guideline suggesting you can withdraw 4% of your retirement portfolio in the first year, then adjust for inflation each subsequent year, with a high probability of not running out of money over a 30-year retirement. It was derived from historical market data by financial planner William Bengen in 1994.

How much money do I need to save for retirement?

A common target is to have 25 times your desired annual retirement income saved by the time you retire (based on the 4% rule). For example, if you need $60,000 per year in retirement, you should aim for $1.5 million in savings. Your actual number depends on your lifestyle, healthcare costs, and other income sources like Social Security.

When should I start saving for retirement?

The earlier you start, the better. Thanks to compound interest, money invested in your 20s has decades to grow exponentially. Starting at age 25 instead of 35 with the same monthly contribution can nearly double your retirement savings by age 65. Even small amounts invested early make a significant difference over time.

How does Social Security affect my retirement planning?

Social Security provides a baseline income in retirement, but it typically replaces only about 40% of pre-retirement income for average earners. You should treat it as a supplement to your personal savings, not a replacement. The exact amount depends on your earnings history and the age at which you start claiming benefits.

What is a good retirement savings goal by age?

Common benchmarks suggest saving 1x your annual salary by age 30, 3x by age 40, 6x by age 50, and 8-10x by age 60. These are rough guidelines and your actual target depends on your desired retirement lifestyle, expected Social Security benefits, and anticipated healthcare costs.

Planning for Retirement

This retirement calculator projects the future value of your savings using compound growth, then estimates sustainable income using the 4% rule — a widely-cited guideline suggesting you can withdraw 4% of your portfolio in the first year of retirement (adjusting for inflation thereafter) with a high probability of not outliving your money over a 30-year retirement. The gap analysis compares your projected income against a $60,000/year target (roughly 80% of the median US household income). Starting early is the single most powerful factor: investing $500/month starting at age 25 at 7% annual returns yields over $1.3 million by age 65, while starting at 35 yields only about $610,000 — demonstrating the profound impact of time on compound growth.