Retirement Inputs

Your current age in years (18-80)
Age when you plan to retire (50-80)
Expected lifespan in years (65-100)
$
Your annual pre-tax income
%
Expected annual income growth rate (0-10%)
%
Percentage of pre-retirement income needed (50-100%)

Retirement Results

Enter your retirement details and click calculate to see retirement projections

Investment Analysis

%
%
$
Current retirement savings amount (0+)
%
Annual savings rate as percentage of income (5-30%)
$
Monthly income from other sources (pension, Social Security, etc.)

Professional Retirement Calculator - Comprehensive Retirement Planning Tool

Retirement Planning Basics

Our retirement calculator helps you determine how much you need to save for a comfortable retirement. Plan your financial future by calculating retirement savings goals, income replacement needs, and investment growth projections.

Use this tool to analyze different retirement scenarios, from early retirement at 55 to traditional retirement at 65. Understand the impact of savings rates, investment returns, and inflation on your retirement readiness and financial security.

Retirement Savings Strategies

  • 10% Rule: Save 10-15% of pre-tax income annually
  • 80% Rule: Plan for 70-80% of pre-retirement income
  • 4% Rule: Withdraw 4% annually from retirement savings
  • 401(k) maximization: Contribute to employer match
  • IRA contributions: Traditional and Roth options
  • Catch-up contributions: Additional savings after age 50
  • Tax-advantaged accounts: HSA and other options
  • Diversified portfolio: Stocks, bonds, and alternatives

Investment Considerations

  • Asset allocation based on age and risk tolerance
  • Dollar-cost averaging for consistent investing
  • Rebalancing portfolio annually or semi-annually
  • Low-cost index funds and ETFs
  • Target-date funds for automatic allocation
  • International diversification opportunities
  • Real estate investment trusts (REITs)
  • Bond ladders for income generation

💰 Retirement Income Sources

Plan for multiple income sources in retirement including Social Security benefits, employer-sponsored retirement plans (401k, 403b, pension), personal savings and investments, part-time work income, and other sources like rental properties or annuities. Diversifying income sources provides financial security and flexibility.

Inflation Impact

Inflation erodes purchasing power over time, making it crucial to account for rising costs in retirement planning. Historical inflation averages around 3% annually, requiring higher savings targets for future expenses.

Healthcare Costs

Healthcare expenses typically increase in retirement. Plan for Medicare premiums, supplemental insurance, long-term care costs, and out-of-pocket medical expenses that may not be fully covered by insurance.

Tax Planning

Consider tax implications of retirement withdrawals. Traditional retirement accounts are taxed as ordinary income, while Roth accounts provide tax-free withdrawals. Plan withdrawal strategies to minimize tax burden.