Retirement Savings Calculator — Am I Saving Enough to Retire?
Project your retirement savings, get a confidence score, and find out exactly how much more you need to save each month.
How to Use This Retirement Calculator
Enter your current age, target retirement age, existing savings, and how much you contribute monthly. Include your employer match if applicable — this is essentially free money that can significantly boost your retirement savings.
Understanding Your Retirement Confidence Score
Your Retirement Confidence Score represents how likely your savings are to last throughout retirement. A score of 80%+ means you're on track. 50–79% means you may need adjustments. Below 50% signals a significant savings gap that needs attention. Use the suggested actions to improve your score.
Frequently Asked Questions
A common benchmark: By 30, aim for 1× your annual salary saved. By 40, 3× your salary. By 50, 6× your salary. By 60, 8× your salary. These are guidelines — your actual target depends on your desired retirement lifestyle and expected Social Security benefits.
The 4% rule suggests you can withdraw 4% of your retirement savings in the first year of retirement, then adjust for inflation each year, and your money should last about 30 years. So if you need $60,000/year, you'd need $1.5 million saved (60,000 ÷ 0.04).
Most financial planners recommend replacing 70–80% of your pre-retirement income. If you earn $80,000/year, you'd target $56,000–$64,000/year in retirement. Using the 4% rule, that means saving $1.4M–$1.6M. Adjust for Social Security, pensions, and your desired lifestyle.
Yes, but conservatively. Social Security currently replaces about 40% of average pre-retirement income. Visit ssa.gov for your personalized estimate. It's wise to plan as if you'll receive 75-80% of your projected benefit to account for potential future benefit reductions.
A reasonable long-term assumption is 7% nominal return (before inflation) for a diversified stock/bond portfolio, or about 4% real return after inflation. More conservative portfolios might use 5-6%, while more aggressive portfolios might use 8-9%.
As early as possible. Thanks to compound interest, starting at 25 vs 35 can nearly double your retirement savings. Even small contributions early on grow significantly over decades. If you haven't started, the best time is now.