Retirement Savings Planner

Estimate how much you need to save to reach your retirement goal.

Retirement Savings Planner interactive tool

Calculator

$
$
%
%

Result

$1,624.76
Current savings future value:$223,248
Additional needed:$776,752

What Is Retirement Savings?

A retirement savings planner helps you reverse-engineer your financial future. By inputting your target retirement goal, current savings, and timeline, the tool calculates exactly how much you need to save each month to achieve your desired nest egg.

Key Factors in Retirement Planning

  • Time Horizon: The number of years you have left until retirement. The longer your horizon, the less you need to save monthly due to compound growth.
  • Expected Return: The average annual percentage yield you expect your portfolio to generate (typically 6-8% for diversified portfolios).
  • Inflation: The rate at which the cost of living increases. A million dollars today will have less purchasing power in 20 years.

Start Planning Today

Many people underestimate how much they will need in retirement. Use this free, private calculator to run different scenarios. Adjusting your retirement age by just a few years or increasing your monthly savings slightly can drastically alter your financial trajectory.

How To Use the Retirement Savings Planner

  1. Enter your target retirement savings goal.
  2. Enter the amount you already have saved and years until retirement.
  3. Set expected annual return and inflation rates.
  4. Review the suggested monthly savings amount.

Retirement Savings Planner FAQs

Related Tools