Retirement Calculator
Find out exactly how much you need to save to enjoy a comfortable retirement.
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The Magic of Compound Interest
Retirement might seem decades away, but time is your greatest asset. When you invest money, you earn interest. When you leave that interest alone, it begins to earn interest on itself—this is called compound interest.
Our Retirement Calculator helps you visualize how even small monthly contributions can grow into a massive nest egg over 20 to 40 years.
Retirement Savings Strategies
| Strategy | Pros | Cons |
|---|---|---|
| 401(k) / Employer Match | Free money from employer, pre-tax contributions. | Limited investment choices, early withdrawal penalties. |
| Roth IRA | Tax-free withdrawals in retirement. | Contributions are made with after-tax money. |
| Real Estate / Rentals | Passive monthly income, property appreciation. | Requires large upfront capital and maintenance work. |
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Frequently Asked Questions
How much money do I need to retire?
A common rule of thumb is the 4% rule, which suggests you need a nest egg equal to 25 times your annual estimated expenses to retire comfortably without running out of money.
What is a good assumed return rate for investments?
Historically, the stock market (S&P 500) has returned about 7-10% annually before inflation. For conservative planning, assuming a 6% to 7% annual return is generally considered safe.
When should I start saving for retirement?
As early as possible. Thanks to the power of compound interest, a small amount saved in your 20s can grow to be much larger than a massive amount saved in your 50s.