Retirement Calculator

The 4% Rule Explained

The 4% rule is a widely-used guideline for retirement withdrawals. It states that you can withdraw 4% of your portfolio in the first year of retirement, then adjust for inflation each year, and your money should last at least 30 years. This means you need approximately 25 times your desired annual income saved for retirement.

How Much Do You Need to Retire?

If you want $60,000/year in retirement income, you'd need approximately $1,500,000 saved (25 x $60,000). This doesn't account for Social Security benefits, which can supplement your savings. The average Social Security benefit in 2026 is approximately $1,900/month or $22,800/year.

Retirement Savings by Age Benchmarks

A common guideline suggests having 1x your salary saved by 30, 3x by 40, 6x by 50, 8x by 60, and 10x by 67. These are general benchmarks — your actual needs depend on your desired lifestyle, location, health, and other income sources in retirement.