Retirement Calculator

Calculate how much you'll have saved for retirement. Plan your retirement savings with monthly contributions and see your projected retirement income

Retirement Planning

Years to Retirement
35 years
Total at Retirement
$1007293
Today's Dollar Value
$424444
Adjusted for 2.5% inflation
Monthly Retirement Income
$3358
Using 4% withdrawal rate

Savings Breakdown

Total Contributions: $220000
Investment Earnings: $787293
Total Savings: $1007293

Savings Milestones

AgeYears from NowProjected Savings
355 years$49822
4010 years$106214
4515 years$186071
5020 years$299160
5525 years$459310
6030 years$686108
6535 years$1007293

Retirement Planning Guide

Maximize Your Savings

  • Take advantage of employer 401(k) matching - it's free money
  • Consider maxing out IRA contributions ($6,500 for 2024, $7,500 if 50+)
  • Increase contributions with each raise to avoid lifestyle inflation
  • Start as early as possible to benefit from compound interest

Investment Strategies by Age

  • 20s-30s: Higher risk tolerance - consider 80-90% stocks
  • 40s: Moderate approach - 60-70% stocks, 30-40% bonds
  • 50s+: Preservation focus - gradually shift to more bonds
  • Near retirement: Consider the "100 minus age" rule for stock percentage

How to Use

  1. 1

    Enter current age

    Input your current age to calculate years until retirement

  2. 2

    Set retirement age

    Choose when you plan to retire (typically 60-70)

  3. 3

    Enter current savings

    Input how much you have saved for retirement so far

  4. 4

    Set monthly contribution

    Enter how much you can save each month

  5. 5

    Expected return rate

    Set your expected annual investment return (typically 5-10%)

  6. 6

    View projections

    See your projected retirement savings and monthly income

Frequently Asked Questions

What is the 4% rule for retirement?

The 4% rule suggests you can withdraw 4% of your retirement savings in the first year, then adjust for inflation each year. This strategy aims to make your savings last 30 years. For example, with $1 million saved, you could withdraw $40,000 in the first year.

How much should I have saved by age?

Financial experts recommend: 1x annual salary by 30, 3x by 40, 6x by 50, 8x by 60, and 10x by 67. These are guidelines - your needs may vary based on lifestyle, health, and retirement plans.

What's the difference between traditional and Roth retirement accounts?

Traditional accounts (401k, IRA) offer tax deductions now but you pay taxes on withdrawals in retirement. Roth accounts use after-tax money but withdrawals are tax-free in retirement. Choose based on whether you expect to be in a higher or lower tax bracket in retirement.

How does inflation affect retirement planning?

Inflation reduces purchasing power over time. A 2.5% inflation rate means $100 today will only buy $61 worth of goods in 20 years. This calculator accounts for inflation to show your savings in "today's dollars" so you can better understand your future purchasing power.

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