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Retirement & Savings Goal Calculator

Project your retirement balance, adjust for inflation, and find your contribution to close the gap. Plan your financial future with confidence.

Retirement Planning Details
Social Security Benefits

Retirement Analysis

Projected Balance (Nominal)
$873,460.79
Projected Balance (Real)
$416,416.04
Estimated Social Security
$1,167.91/month
Required Nest Egg
$536,435.37
Monthly Need from Savings
$2,832.09
Funding Gap
$120,019.32 Shortfall
Required Monthly Contribution
$827.58
What This Means:

Your retirement savings projection shows how your investments will grow over time. The funding gap indicates whether you're on track for your retirement goals. Social Security benefits can significantly reduce the amount you need to save, making retirement more achievable.

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Disclaimer: This calculator provides educational estimates only and should not be considered financial advice. Retirement planning involves many variables and assumptions. Consult with a qualified financial advisor for personalized retirement planning.

Understanding Retirement Planning

Retirement planning is one of the most important financial decisions you'll make. Our calculator helps you understand how much you need to save, how inflation affects your purchasing power, and what adjustments you might need to make to reach your goals.

Key Concepts:

Nominal vs Real Returns

  • Nominal: Your actual dollar amount (not adjusted for inflation)
  • Real: Your purchasing power (adjusted for inflation)
  • Real returns = ((1 + nominal return) / (1 + inflation rate)) - 1
  • Focus on real returns for long-term planning

Safe Withdrawal Rate

  • 4% rule: Withdraw 4% of your nest egg annually
  • Accounts for inflation and market volatility
  • Based on historical market performance
  • Conservative approach for 30+ year retirement

Retirement Planning Strategies:

Start Early

The power of compound interest:

  • Start at 25 vs 35: 2x more savings with same contribution
  • Time is your greatest asset
  • Even small amounts add up over decades

Maximize Tax Advantages

Use tax-advantaged accounts:

  • 401(k) with employer matching
  • Traditional and Roth IRAs
  • Health Savings Accounts (HSAs)
  • Tax-free growth and withdrawals

Diversify Investments

Don't put all eggs in one basket:

  • Mix of stocks, bonds, and other assets
  • Rebalance periodically
  • Consider target-date funds
  • Professional management options

Common Retirement Planning Mistakes:

  • Underestimating longevity: Plan for 25-30 years in retirement
  • Ignoring inflation: $1 million today ≠ $1 million in 30 years
  • Not accounting for healthcare costs: Medicare doesn't cover everything
  • Withdrawing too much early: Sequence of returns risk
  • Not having an emergency fund: Avoid tapping retirement accounts

Tips for Better Retirement Planning:

  • Review and adjust your plan annually
  • Consider working with a financial advisor
  • Take advantage of employer matching programs
  • Plan for multiple income sources in retirement
  • Consider the impact of Social Security timing
  • Factor in potential long-term care costs
  • Have a plan for market downturns