Retirement Calculator — Plan Your Financial Independence
Free retirement calculator to estimate how much you need to retire comfortably. Factor in Social Security inflation and investment returns for a complete picture.
The question every working adult asks is how much money do I need to retire? The answer depends on your desired retirement lifestyle expected expenses and how long you need the money to last. A common rule of thumb is the 4% rule — you need 25 times your annual retirement expenses saved. If you want $60000 per year in retirement you need $1.5 million. Our calculator helps you factor in Social Security income inflation and investment returns to find your personal retirement number.
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Key Information
| Parameter | Details |
|---|---|
| The 4% Rule | Need 25x annual expenses saved |
| Average Social Security Benefit | $1907/month (2026 estimate) |
| Average Retirement Length | 20-25 years (age 65-87) |
| Healthcare Costs in Retirement | $315000 per couple (lifetime estimate) |
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Use Calculator NowFrequently Asked Questions
How much do I need to retire at 60?
To retire at 60 with $60000 annual expenses (in today's dollars) and accounting for 3% inflation you need approximately $2.1-$2.5 million saved by 60. This assumes no Social Security until 62 and a 4% withdrawal rate with a 7% portfolio return. Starting Social Security at 62 reduces the required savings but permanently reduces your monthly benefit by 25-30%.
What is the 4% rule?
The 4% rule states that you can withdraw 4% of your retirement savings in the first year and adjust for inflation each subsequent year with a very low chance of running out of money over 30 years. For a $1 million portfolio your first year withdrawal would be $40000. This rule assumes a 50/50 stock/bond portfolio and has held up through most historical market conditions.
How much should I save per month to retire at 65?
This depends heavily on your current age and savings. A 30-year-old with $0 saved needing $1.5 million by 65 at 8% returns needs to save approximately $1000/month. A 40-year-old needs about $2200/month. Starting at 50 requires approximately $5500/month. The math makes one thing very clear — starting early is the most powerful retirement strategy.
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Last updated: 24 March 2026