What drives your retirement balance
Four things matter most: how much you save, how early you start, your investment return and how long you keep saving. Because growth compounds, money saved in your 30s can be worth several times more by retirement than the same amount saved in your 50s.
Today's dollars vs. future dollars
A million dollars in 30 years won't buy what it buys today. The calculator shows your balance both ways, using the inflation rate you choose, so you can judge it against today's cost of living.
How much income will it provide?
The 4% rule is a common starting point: withdraw about 4% of your savings in the first year of retirement, then adjust for inflation. On $1 million, that's about $40,000 a year. Add Social Security and any pension to see your total.
Don't forget taxes
Withdrawals from traditional accounts are taxed as income, and Roth withdrawals generally aren't. Which accounts you draw from, and when, can change how long your money lasts.
Frequently asked questions
How much should I have saved for retirement?
A common guideline is about 1 times your salary by 30, 3 times by 40, 6 times by 50 and 10 times by 67. Your own target depends on your expected expenses, Social Security and retirement age.
What return should I assume?
Many planners use 5% to 7% a year for a diversified stock and bond mix before inflation. Try a lower number to see a more cautious result.
Is the 4% rule still reliable?
It's a rough guide based on historical returns, not a guarantee. Your safe withdrawal rate depends on your investments, how long retirement lasts and how flexible your spending is.