Retirement Calculator

Tell us a few things about yourself, and this calculator will show whether you're on track for the retirement you want.

I am
35

years old, my
pre-tax income is
$60,000

and I have
current savings of
$30,000

Every month I save

10% of my monthly income

Optional

How much will you need to retire at 67?

$0.88M
You will have about
$1.73M
You will need about

Tap the bars to reveal more about your results.

Retirement savings score

You're 51% to goal

Let's get Future You out of the red.

There are a few steps you could take to jumpstart your retirement savings. Create an account to reduce your bills, eliminate debt and grow your money.

Our free calculator predicts your retirement nest egg, and then estimates how it would stretch over your retirement in today’s dollars, taking into account. Our default assumptions include:

Enter your age, income, current savings and monthly savings rate to see how you're doing. If you wish, you can enter more details in the Optional settings, such as your expected rate of return before retirement and what you expect from Social Security (). You can also fine-tune your retirement spending level, retirement age and more.

Here are some ways to boost your retirement readiness — whether you’re behind on your goals or are on track but maybe want to retire a little earlier.

An individual retirement account is one of the most popular ways to save for retirement given its large tax advantages. You can put in up to $6,000 a year. And if you're 50 or older, you can contribute an additional $1,000 a year. 

The annual limit for 401(k) contributions is $19,500 (plus an additional $6,500 for those 50 and up). It’s wise to at least contribute up to the point where you’re getting all of the matching dollars your employer might offer. 

A good advisor can help you understand complex issues, diagnose potential problems and take steps to plan for the future. And they’re not as expensive as you might think. 

A common guideline is that you should aim to replace 70% of your annual pre-retirement income. This is what the calculator uses as a default. You can replace your pre-retirement income using a combination of savings, investments, Social Security and any other income sources (part-time work, a pension, rental income, etc.). The Social Security Administration website has a number of calculators to help you .

It's important to consider how your expenses will change in retirement. Some, like health care and travel, are likely to increase. But many recurring expenditures could go down: You no longer need to dedicate a portion of your income to saving for retirement. You may have paid off your mortgage and other loans. And your taxes are likely to be lower — payroll taxes, which are taken out of each paycheck, will be eliminated completely.

Be sure to adjust based on your retirement plans. If you know you won’t have a mortgage, for instance, maybe you plan to replace only 60%. If you want to travel every year, you might aim to replace 100% or even 110% of pre-retirement income.

401(k): This is a plan for retirement savings that companies offer employees. A 401(k) plan gives employees a tax break on money they contribute. Contributions are automatically withdrawn from employee paychecks and invested in funds of the employee’s choosing (from a list of available offerings).

Compound interest: The interest you earn on both your original deposit and on the interest that original deposit earns. For example, a $1,000 investment earning 6% compounded annually could become roughly $4,300 in 25 years.

Contribution limits: The IRS puts limits on the amount of money that can be contributed to 401(k)s and IRAs each year. These limits sometimes change from year to year.

Financial advisor: A offers consumers help with managing money. Financial advisors can advise clients on making investments, saving for retirement, and monitoring spending, among other things. A financial advisor can be a professional, or a digital investment management service called a robo-advisor.

IRA: An is a tax-advantaged investment account individuals use for retirement savings.

Income: The money you get from working, investing, or providing goods or services. Inflation: This happens when the price of goods and services increases as time passes. The result is a decrease in purchasing power, or the value of money.

Nest egg: A sum of money you have set aside for the future — in this case, retirement.

Retirement age: The depends on you. Full Social Security benefits currently begin at age 66, but will rise to 67 for people born in 1960 and later. Early retirement benefits are available at 62, but at a lower monthly amount.

Returns: The money you earn or lose on an investment.

Risk: The possibility that an investment will perform poorly or even cause you to lose money. In general, a low-risk investment will deliver lower potential returns. The more you’re willing to take on, the more potential upside there is — and the higher the likelihood that you could lose your investment. Short-term investment: This is is an investment that can be easily converted to cash — think a money market account or a high-interest savings account versus stocks or bonds. Tax-advantaged: When you get tax benefits from an investment account. For example, you can make 401(k) contributions from your paycheck before tax is taken out. You don’t pay taxes on those contributions or the earnings until you withdraw the money. In other accounts, such as Roth IRAs, you can pay taxes on your contributions up front, then withdraw your money tax-free in retirement.

Saving for retirement is definitely a long game, but learning about the process doesn’t have to be. See our  to learn how to get started, how to maximize the returns on your savings and how to prioritize shorter-term goals alongside your retirement targets.