■ Retirement
Retirement Calculator.
Determine how much to save each month to reach your retirement goal comfortably.
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What the Retirement Calculator actually does.
Our Retirement Calculator works the problem backwards: you tell it the balance you want at retirement, and it tells you the monthly contribution that gets you there.
It's the most useful framing for people who know what kind of retirement they want but haven't done the math. A $1M target by 65 on current savings of $50K at a 7% return requires a very specific monthly contribution — this tool gives you that number in seconds.
Set your age and savings
to see your projection.
For informational purposes only. Results are estimates and do not constitute financial advice. Consult a qualified professional before making financial decisions.
■ How to use it
- 01
Enter your current age and target retirement age.
- 02
Enter your current retirement savings balance.
- 03
Enter the balance you want at retirement.
- 04
Pick an assumed annual return.
- 05
See the monthly contribution required to hit your goal.
■ What you'll get out of it
- Turn a fuzzy goal into a specific monthly number.
- See the cost of delaying contributions by even a year.
- Model different target amounts instantly.
- Decide whether your goal is realistic or needs adjusting.
Setting an IRA or 401(k) contribution amount for the year.
Planning for an earlier-than-standard retirement.
Business owners deciding on retirement plan contributions.
Common questions about this tool.
How much do I actually need to retire?
+−
A common rule: 25× your expected annual retirement expenses. So if you want $60K/year, target $1.5M. Our Retirement Expenses Worksheet helps you estimate that yearly number.
Should I max out my 401(k) or contribute to an IRA first?
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If your employer offers a match, contribute to the 401(k) up to the match first (free money). Then typically max an IRA (more flexibility, lower fees), then back to the 401(k) if you have room.
What if I'm starting late?
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Increase the savings rate, and look at catch-up contribution limits (available starting at 50). Also run the calculator with a later retirement age — even two extra working years makes the required monthly number dramatically smaller.
Retirement
Retirement Expenses Worksheet
Estimate your annual expenses in retirement to plan your savings target accurately.
Savings
Emergency Fund Calculator
Find out how much you need saved to cover life's unexpected expenses.
Wealth
Net Worth Calculator
Compare all your assets against liabilities to get a complete financial picture.
Need
More?
Our CPAs, Enrolled Agents, and Financial Planners can build a personalized strategy for your business — not just an estimate. Start planning the SMAART way.
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