Determine the money you’ll need

Use this calculator to estimate the savings you’ll need to enjoy the retirement lifestyle you want.
Fill in the blanks; then, click Submit. Click Reset to try different figures.


Many studies indicate that if you want your retirement savings to last, you should withdraw no more than 4% to 6% of your savings each year. The exact percentage depends on many factors, including how long you live.

Assuming a withdrawal rate of 4%, for every dollar you want to withdraw annually during retirement, you need to have $25 in assets set aside at the time you retire.
Your desired annual income in retirement:
Your expected annual social security benefits:
Your expected annual pension, if any:
The annual income you’ll need from your investments:
The amount of money you need to have invested:

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minus

equals

x 25 equals

Submit
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Everyone’s retirement picture and goals are a little different. But hopefully this 4% rule gives you a good general guideline.

To decide how much money you’ll need to retire, you’ll need to consider your own retirement spending needs and your own sources of income.
When you’re done, click the Next button.
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