What do you want to know?

401(k), IRA and other money set aside for retirement.

Include any employer match.

Retirement income & life expectancy

Your pre-tax income in the first year of retirement, as a share of your pay just before retiring. A common rule of thumb is 70%–80%.

Monthly, in today's dollars; assumed to rise with inflation. The default is about the average retired-worker benefit; get your own estimate at ssa.gov/myaccount.

Returns, raises & inflation

In today's dollars; it rises with inflation each year.

Ages

Savings you need at age 67

$1,578,546

$613,008 in today’s dollars — enough to withdraw $7,167 a month at first (rising 3% a year) for 23 years, on top of Social Security and pensions

Projected savings at 67

$1,318,628

Shortfall

$259,918

Extra savings needed

$232/mo

At your current pace you’ll have 84% of what you need, and your savings would run out at about age 85. To close the gap, save an extra $232 a month from now until you retire, or raise your savings rate from 10% to 12.6% of your pay. Retiring at 70 instead would also put you on track (without counting the larger Social Security benefit from claiming later).

Salary in your last working year (age 66)
$187,506
Income goal in retirement (80%), first year
$150,005/yr
Social Security & pensions, first year
$63,996/yr
Needed from savings, first year
$86,009/yr
First-year withdrawal rate
5.45%
Years in retirement (age 67 to 90)
23
4% rule estimate (25 × first-year need)
$2,150,222
Income your savings support (today’s dollars, incl. Social Security)
$4,396/mo

Savings balance by age

$0$500K$1M$1.5M$2M35455565758590
  • Your plan
  • Saving $232/mo more

Year-by-year projection

AgeContributionsWithdrawalsInvestment growthEnd balanceIn today’s dollars
35$7,500—$3,204$60,704$58,936
36$7,725—$3,852$72,282$68,132
37$7,957—$4,553$84,792$77,596
38$8,195—$5,311$98,298$87,336
39$8,441—$6,128$112,867$97,360
40$8,695—$7,009$128,570$107,675
41$8,955—$7,958$145,483$118,291
42$9,224—$8,980$163,687$129,216
43$9,501—$10,080$183,267$140,459
44$9,786—$11,262$204,316$152,030
45$10,079—$12,533$226,928$163,938
46$10,382—$13,898$251,208$176,192
47$10,693—$15,363$277,265$188,804
48$11,014—$16,936$305,214$201,783
49$11,344—$18,622$335,180$215,139
50$11,685—$20,429$367,294$228,885
51$12,035—$22,365$401,694$243,032
52$12,396—$24,439$438,530$257,590
53$12,768—$26,659$477,957$272,572
54$13,151—$29,035$520,144$287,991
55$13,546—$31,577$565,267$303,859
56$13,952—$34,296$613,514$320,189
57$14,371—$37,202$665,087$336,994
58$14,802—$40,308$720,197$354,289
59$15,246—$43,627$779,070$372,088
60$15,703—$47,171$841,944$390,405
61$16,174—$50,957$909,076$409,256
62$16,660—$54,998$980,733$428,656
63$17,159—$59,311$1,057,204$448,620
64$17,674—$63,913$1,138,791$469,167
65$18,204—$68,823$1,225,818$490,312
66$18,751—$74,059$1,318,628$512,072
67—$86,009$63,619$1,296,239$488,716
68—$88,589$62,431$1,270,080$464,906
69—$91,247$61,051$1,239,884$440,634
70—$93,984$59,468$1,205,368$415,891
71—$96,804$57,666$1,166,230$390,667
72—$99,708$55,631$1,122,154$364,954
73—$102,699$53,347$1,072,802$338,741
74—$105,780$50,797$1,017,818$312,019
75—$108,953$47,962$956,827$284,778
76—$112,222$44,825$889,429$257,009
77—$115,589$41,364$815,205$228,700
78—$119,056$37,560$733,708$199,841
79—$122,628$33,389$644,469$170,423
80—$126,307$28,828$546,991$140,432
81—$130,096$23,852$440,747$109,860
82—$133,999$18,435$325,183$78,694
83—$138,019$12,549$199,713$46,923
84—$142,160$6,164$63,718$14,534
85—$64,277$559$0$0
86—$0$0$0$0
87—$0$0$0$0
88—$0$0$0$0
89—$0$0$0$0

Nominal dollars unless noted; “today’s dollars” removes 3% yearly inflation. Social Security and pension income is assumed to rise with inflation.

Retirement Calculator by SureCalcs