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Retirement Savings Calculator
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How much do I need to save for retirement?

Standard advice suggests you'll need between 70 to 80 percent of your inflation-adjusted pre-retirement expenses for each year you'll spend in retirement. And since people are living longer, healthier lives and are expecting to have more active lifestyles once retired, the earlier you start saving, the better. This calculator will help you estimate how much you need to save.

After you've entered your information below, click the "Calculate" button to review your retirement results.

Retirement Savings Calculator
What age do you plan to retire?  
How many years does your retirement income need to last?
   
   
 
In today's dollars, how much do you want to withdraw each in retirement? $
What rate of return do you expect to earn on your savings during retirement?1 %
What is your projected inflation rate during retirement?2 %

1Use an average rate of return that's appropriate for the mix of investments in your portfolio.
2The historical rate of inflation since 1926 has been approximately 3%, although this rate takes into consideration the serious deflation which occurred during the Great Depression.

The calculation provided is for illustration purposes only and is not intended to represent a guaranteed retirement savings amount. The calculation is not intended to provide either specific advice or a recommendation to any individual. Please consult a professional tax advisor before taking specific action.