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Retirement Savings Calculator
401k, Pension & Retirement Planning

Find out if you're on track for retirement, how much you need to save, and what monthly income to expect. Updated for 2025.

Your Details
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Retirement Forecast
Projected Savings at Retirement
$1,284,000
Age 65 · 30 years of saving
Progress toward goal 94%
At Retirement
$1,284,000
Goal Needed
$1,368,000
Monthly Income
$5,200
Funds Last Until
Age 91
Years of retirement funded
26 of 25 years needed

Savings Growth & Retirement Drawdown

Watch your nest egg grow before retirement, then see how it sustains you through retirement years.

Year-by-Year Plan

Your complete savings accumulation and retirement drawdown schedule.

Annual Summary

Age Contributed Returns Withdrawn Balance

Retirement Planning FAQs

Common questions about retirement savings, 401k, and pension planning.

A common rule of thumb is the "25x rule" — multiply your desired annual retirement income by 25. If you want $60,000/year, you need $1,500,000 saved. This is based on the 4% withdrawal rule, which research suggests gives a high probability of funds lasting 30+ years. However, your actual number depends on your retirement age, life expectancy, Social Security income, and spending habits.
The 4% rule (the "Bengen Rule") states that you can safely withdraw 4% of your retirement portfolio in the first year, then adjust for inflation each year, with a high probability of the money lasting 30 years. It was derived from historical US stock and bond market data. Some modern planners use 3–3.5% for extra safety, especially for early retirees who may need funds to last 40+ years.
At minimum, contribute enough to get your full employer match — that's free money. The general rule of thumb is to save 15% of your gross income for retirement, including any employer match. The 2025 401(k) contribution limit is $23,500 (under 50) or $31,000 (50+, with catch-up contributions). If you're starting late, aim higher. If you start early (in your 20s), even 10% can be sufficient.
The best time to start is as early as possible — ideally in your 20s. Due to compound interest, every decade you delay roughly doubles the amount you need to save monthly to reach the same goal. Someone who saves $300/month starting at 25 will have more at 65 than someone who saves $600/month starting at 35. However, it's never too late to start — even starting at 50 can make a meaningful difference.