How much do I need to retire?
most retirement calculators hand you a scary number and stop. this one shows the gap, then the one lever you control: what you add each month. we assume 7% a year, the long-run stock market average, and a 4% withdrawal rate in retirement, which means you need about 25 times the yearly income you want.
in today's dollars
- you need
- $1.2M
- gap
- $12k
- to close the gap
- $507/mo
Finn says: you're about $12k short. $507 a month closes it, and that's smaller than it sounds.
assumptions
- We assume 7% a year, roughly the long-run stock market average.
- The target is 25 times your yearly income need (a 4% withdrawal rate).
- Contributions stay flat; raises would help.
This is a planning tool, not financial advice.
learn this in two minutes in the app
common questions
how much do I need to retire?
a common rule is 25 times the yearly income you want your savings to provide. if you want $48,000 a year from savings, that is $1.2 million. social security or a pension lowers the amount your savings has to cover.
is 7% a realistic return?
it is roughly the long-run average of the US stock market before inflation and fees. a mix with bonds will be lower. this calculator keeps 7% fixed so the only lever you are testing is what you add each month.
what if I am behind?
the calculator shows the monthly contribution that closes the gap. the three levers are adding more each month, retiring a little later, and needing a little less. small changes to each add up more than people expect.