🏖️ Retirement Savings Calculator

Planning for Retirement

Retirement planning is about ensuring you have enough savings to maintain your desired lifestyle after you stop working. The earlier you start, the more time compound growth has to work in your favor. Financial experts generally recommend saving 10-15% of your gross income for retirement.

The 4% Rule

A common guideline suggests you can safely withdraw 4% of your retirement savings per year. For example, if you need $60,000/year in retirement, you'd need approximately $1,500,000 saved. This calculator helps you see if your current trajectory will get you there.

Retirement Savings Tips

• Start Early: Even small contributions in your 20s can outgrow larger contributions started in your 40s.
• Maximize Employer Match: Always contribute enough to get the full employer match — it's free money.
• Increase Contributions: Boost your savings rate by 1% each year or whenever you get a raise.
• Diversify: Spread investments across stocks, bonds, and other assets based on your age and risk tolerance.