Retirement Calculator
Free retirement calculator to project your savings growth over time. Enter current savings, monthly contributions, and expected return rate. See year-by-year growth, retirement income using the 4% rule, and whether you're on track. Includes inflation adjustment and Social Security estimates.
| Age | Year | Total Contributed | Year Interest | Balance |
|---|---|---|---|---|
| 31 | 1 | $56,000 | $2,384 | $58,384 |
| 32 | 2 | $62,000 | $2,760 | $67,144 |
| 33 | 3 | $68,000 | $3,152 | $76,297 |
| 34 | 4 | $74,000 | $3,562 | $85,859 |
| 35 | 5 | $80,000 | $3,991 | $95,850 |
| 36 | 6 | $86,000 | $4,438 | $106,289 |
| 37 | 7 | $92,000 | $4,906 | $117,195 |
| 38 | 8 | $98,000 | $5,395 | $128,589 |
| 39 | 9 | $104,000 | $5,905 | $140,494 |
| 40 | 10 | $110,000 | $6,438 | $152,932 |
| ... 22 more years ... | ||||
| 63 | 33 | $248,000 | $28,079 | $657,670 |
| 64 | 34 | $254,000 | $29,606 | $693,276 |
| 65 | 35 | $260,000 | $31,201 | $730,477 |
4% Rule: The safe withdrawal rate assumes you withdraw 4% of your total retirement savings annually. This strategy is designed to sustain your portfolio for approximately 30 years of retirement.
Social Security: Estimates are based on the 2024 average monthly benefit of approximately $1,907 at full retirement age (67). Benefits are reduced ~6.67% per year if claimed before 67, and increased ~8% per year if delayed up to age 70.
Inflation: Results are shown in today's dollars using a 2.5% annual inflation rate. The real rate of return used is 4.39%.
Disclaimer: This calculator provides estimates for educational purposes only. It does not account for taxes, market volatility, changes in contribution amounts, or individual circumstances. Consult a financial advisor for personalized retirement planning.
How to Use Retirement Calculator
- 1Enter your current age and desired retirement age.
- 2Input current savings and monthly contribution.
- 3Set expected return rate and view projected savings.
- 4Check retirement income and whether you're on track.
Frequently Asked Questions
How much do I need to retire?▾
A common guideline is 25x your desired annual spending (the 4% rule). If you need $50,000/year, aim for $1.25 million.
What is the 4% rule?▾
The 4% rule suggests withdrawing 4% of your savings annually in retirement. A $1M portfolio would provide ~$40,000/year.
What return rate should I expect?▾
Historically, a diversified stock portfolio has returned ~7-10% annually before inflation, or ~5-7% after inflation.
About Retirement Calculator
Free retirement calculator to project your savings growth over time. Enter current savings, monthly contributions, and expected return rate. See year-by-year growth, retirement income using the 4% rule, and whether you're on track. Includes inflation adjustment and Social Security estimates.
NexTool's Retirement Calculator is completely free to use with no sign-up required. Your data is processed directly in your browser and never sent to our servers, ensuring complete privacy and instant results.
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