How much do I need to retire?

A common rule is to save 25 times your annual expenses (the 4% rule). For $60,000/year in retirement, you need about $1.5 million saved.

The 4% rule suggests withdrawing 4% of your retirement savings in the first year, then adjusting for inflation. Historically, this approach has sustained a 30-year retirement.

When should I start saving for retirement?

As early as possible! Starting at 25 vs 35 can result in nearly double the savings by retirement age due to compound growth.

Should I include Social Security?

Social Security can supplement retirement income, but benefits may be reduced in the future. Plan conservatively by not relying solely on Social Security.

How much do I need to retire?

A common rule is to save 25 times your annual expenses (the 4% rule). For $60,000/year in retirement, you need about $1.5 million saved.

The 4% rule suggests withdrawing 4% of your retirement savings in the first year, then adjusting for inflation. Historically, this approach has sustained a 30-year retirement.

When should I start saving for retirement?

As early as possible! Starting at 25 vs 35 can result in nearly double the savings by retirement age due to compound growth.

Should I include Social Security?

Social Security can supplement retirement income, but benefits may be reduced in the future. Plan conservatively by not relying solely on Social Security.

Educational Tool — Estimates for educational purposes only. Not financial advice.Disclaimer

Retirement planning starts with understanding how much you need to save. This calculator estimates your retirement savings goal based on your desired lifestyle, expected Social Security, and investment returns.

Retirement Calculator

Estimate how much you need to save for a comfortable retirement.

February 2026 (market data)

Current Age

Retirement Age

Current Savings

Monthly Contribution

Expected Annual Return

Desired Annual Retirement Income

Your Results

Savings at Retirement

$2,376,362.19

Monthly Income

$7,921.21

total Contributions

$470,000.00

total Interest

$1,906,362.19

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Wally's Analysis

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AI Disclosure

Wally's Analysis uses GPT-4o-mini for educational interpretations. AI responses are not personalized financial advice and may be inaccurate. All core calculations are deterministic — AI only interprets results.AI Transparency →

Accuracy Commitment

Industry-standard formulas vetted against IRS, SSA, BLS, CFPB. Client-side calculations. Regularly updated.

This calculator provides estimates for informational purposes only and does not constitute financial, tax, or legal advice. Consult a licensed professional before making financial decisions.

Updated: February 2026 (market data) · Methodology

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