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Global Financial Calculators

Retirement Calculator

Calculate how much you need to save for retirement and estimate your retirement income. Plan your financial future with confidence.

Retirement Planning

Retirement Projection

Enter your retirement details to see projections

Retirement Planning Tips

Start Early

  • • Time is your biggest advantage - start saving now
  • • Take advantage of employer 401(k) matching
  • • Consider Roth IRA for tax-free growth
  • • Automate your retirement contributions
  • • Increase contributions with raises
  • • Diversify your investments

Retirement Income Strategies

  • • Follow the 4% withdrawal rule
  • • Consider annuities for guaranteed income
  • • Plan for healthcare costs
  • • Delay Social Security for higher benefits
  • • Consider part-time work in retirement
  • • Plan for inflation impact

How to Use This Calculator

Step-by-Step Guide

  1. 1. Enter your current age and desired retirement age
  2. 2. Input your current retirement savings
  3. 3. Set your monthly contribution amount
  4. 4. Enter expected annual return and inflation rates
  5. 5. Specify your desired retirement income
  6. 6. Include expected Social Security benefits
  7. 7. Click "Calculate Retirement" to see results

Understanding Results

  • • Total Savings: Amount you'll have at retirement
  • • Monthly/Annual Income: Your retirement income
  • • Savings Gap: Shortfall if any
  • • Projection: Year-by-year savings growth
  • • Adjust inputs to see different scenarios

Frequently Asked Questions

How much should I save for retirement?

A common rule is to save 10-15% of your income, but this depends on your age, income, and retirement goals. Use this calculator to determine your specific needs based on your desired retirement lifestyle.

What's the 4% withdrawal rule?

The 4% rule suggests withdrawing 4% of your retirement savings in the first year, then adjusting for inflation. This is designed to make your savings last 30 years, though market conditions may require adjustments.

When should I start saving for retirement?

Start as early as possible! Even small amounts saved in your 20s can grow significantly due to compound interest. If you're starting later, you may need to save more aggressively to catch up.

Should I prioritize paying off debt or saving for retirement?

Generally, pay off high-interest debt first, but don't completely stop retirement savings. Take advantage of employer matching, then focus on debt payoff, then increase retirement contributions.