Why 4%?
Taking out about 4% of your savings each year is a common rule of thumb for making them last through retirement.
Retirement Calculator
What you will have to retire on.
You retire with
$0- A year of income
- $0
- A month of income
- $0
- You put in
- $0
- Years to go
- 65
How it’s calculated
- Savings grow at your return every month
- Yearly income = savings at retirement × 4%
Example: At 35 with $50,000 saved, adding $800 a month at 6% reaches $1,104,741 at 65, which pays about $44,190 a year.
About the Retirement Calculator
What your savings reach by retirement and the yearly income they can pay.
How to use this tool
- Enter your age and when you want to retire.
- Enter what you have saved and add each month.
- Enter a yearly return.
Frequently asked questions
Does this include inflation?
No. Use a lower return to allow for it, such as 4% instead of 6%.