Retirement Calculator
Project retirement savings and annual spending in today's dollars. Test how contributions, retirement age and spending change the result.
Starting at age 40 with $250,000 and saving $24,000 a year, including any employer match, projects $1,836,045 at 65 in today's dollars. Modeled annual spending is $111,010, including $24,000 of Social Security.
Your retirement plan
Your age
Retire at
Saved so far
$You save each year
$Spending in retirement
$On track
$111,010Saved by 65
$1,836,045Annual surplus
$11,010To fund the target, save
$24,000/yrWhat different savings rates support
| You save | Balance at 65 | Modeled annual spending | Against a $100k target |
|---|---|---|---|
| $12,000/yr | $1,291,879 | $85,222 | Runs out at 88 |
| $24,000/yr | $1,836,045 | $111,010 | Meets modeled target |
| $36,000/yr | $2,380,211 | $136,798 | Meets modeled target |
| $48,000/yr | $2,924,377 | $162,586 | Meets modeled target |
Frequently asked questions
No. It is the level annual spending supported by constant assumed returns over the selected years. Market losses early in retirement, a longer life or higher costs can produce a shortfall.
This model solves a constant-return drawdown calculation. The 4% rule comes from historical withdrawal research that considers varying returns. They answer different questions; this result is not a safe withdrawal recommendation.
It lets you compare future spending with your current budget. The model adjusts investment returns for inflation. Contributions and the Social Security estimate are also treated in today's dollars.
Try retiring later, saving more or spending less. The calculator assumes a fixed return, $24,000 a year of Social Security and a plan through age 95, so check your own benefit estimate at ssa.gov and add withdrawal taxes and irregular expenses when building a full plan.
It assumes a steady 7% return before retirement and 5% after, 2.5% inflation, $24,000 a year of Social Security and a plan through age 95, with every figure in today's dollars. It spends the portfolio down to zero by the end of the plan. It does not model withdrawal taxes, required minimum distributions or the order of market returns, so it is an illustration, not a forecast.