Retirement Savings Calculator
Project your retirement savings and income potential
Retirement Planning
Enter your savings and contribution details
Retirement Rules
4% Rule: Withdraw 4% annually for 30 years
15% Savings: Save 15% of income for retirement
10X Rule: Save 10x final salary by retirement
Age 30: 1x salary saved
Age 40: 3x salary saved
Age 50: 6x salary saved
Age 60: 8x salary saved
About Retirement Planning
Retirement planning ensures you have enough savings to maintain your lifestyle after stopping work. Starting early allows compound interest to significantly grow your investments.
Key Retirement Accounts:
- 401(k): Employer-sponsored, often with matching (max $23,000/year)
- IRA: Individual Retirement Account (max $7,000/year)
- Roth IRA: Tax-free withdrawals in retirement
- SEP IRA: For self-employed (up to 25% of income)
Planning Tips:
- Always take full employer match (free money!)
- Increase contributions with each raise
- Diversify investments across stocks, bonds, real estate
- Consider healthcare costs (Medicare starts at 65)
- Plan for 25-30 years of retirement life
- Account for inflation in long-term projections