Retirement Calculator
Plan Your Retirement Income 👴 | Will Your Savings Last? | Social Security | RMDs | Inflation
📊 Retirement Readiness Planner
What is the Retirement Calculator?
This Retirement Calculator helps you determine whether your savings will last throughout retirement. Unlike a 401(k) calculator (which focuses on account growth), this tool models your full financial picture — including Social Security, pensions, RMDs, inflation, and tax‑aware withdrawal strategies.
Whether you're 30 years from retirement or already retired, this suite answers the critical question: "Will my money last?"
Key Retirement Planning Concepts
- The 4% Rule: Withdraw 4% of your portfolio in year one, then adjust for inflation. Designed to last 30 years.
- Social Security Claiming Age: Delaying from 62 to 70 increases benefits by ~76% (8%/year).
- Required Minimum Distributions (RMDs): Start at age 73 under SECURE 2.0. Penalty for missing RMD is 25%.
- Withdrawal Sequencing: Draw from taxable accounts first, then tax-deferred, then Roth last.
- Longevity Risk: Plan for 30+ years of retirement — a 65-year-old today has a 50% chance of living to 95.
Retirement Savings Benchmarks (Fidelity Recommendations)
| Age | Multiple of Salary Saved | Example ($80k salary) |
|---|---|---|
| 30 | 1x | $80,000 |
| 40 | 3x | $240,000 |
| 50 | 6x | $480,000 |
| 60 | 8x | $640,000 |
| 67 | 10x | $800,000 |
Frequently Asked Questions
How much do I need to retire comfortably?
A common rule of thumb is the 4% rule — multiply your desired annual retirement income by 25. For $50,000/year, you'd need $1.25 million invested.
What is the best age to claim Social Security?
If you expect to live past 80, delaying to age 70 maximizes lifetime benefits. If you have health concerns, claiming earlier (62-67) may be better.
What happens if I don't take my RMD?
The penalty is 25% of the amount you should have withdrawn (10% if corrected within 2 years).
What's the best withdrawal order in retirement?
Generally: taxable accounts → tax-deferred (Traditional IRA/401k) → Roth IRA. This minimizes taxes and allows Roth to continue growing.
How does inflation affect retirement planning?
Inflation reduces purchasing power. At 3% inflation, $1 million today is worth only $412,000 in 30 years. Our calculator includes inflation adjustment.
💡 Pro Tip: Run your numbers annually. Small changes in savings rate or return assumptions have massive impacts over 30+ years. The best time to adjust your retirement plan is now — not at age 65.