Milo Quell

Free Tool

Retirement Savings Calculator

How much do you need to retire? Find your number with the 4% rule and see if you're on track.

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You'll need about

$1,000,000

using the 4% rule (25× annual spending)

On your current plan, you'll have

$1,130,650

✓ You're on track to reach your number by then. Anything extra becomes a cushion.

Turning "someday" into a number

Retirement feels impossibly abstract until you attach a figure to it. The 4% rule gives you that figure fast: multiply the annual spending you want by 25, and you have a target to aim at. It reframes the question from the unanswerable "am I saving enough?" into the concrete "how do I get from here to there?"

The gap between your projection and your target is the most valuable output here. If you're short, the three levers are simple — save more each month, work a little longer, or earn a higher return — and this calculator lets you test each one instantly. Small, early changes matter most, because they have the longest to compound.

Frequently asked

How much do I need to retire?

A widely used starting point is 25 times your expected annual spending in retirement. If you plan to spend $40,000 a year, you would aim for about $1,000,000. This comes from the 4% rule, and it is a planning estimate rather than a guarantee.

What is the 4% rule?

The 4% rule suggests you can withdraw about 4% of your retirement savings in the first year, then adjust for inflation each year after, with a strong chance the money lasts around 30 years. Because 4% is one twenty-fifth, the target nest egg is roughly 25 times annual spending.

Is the 4% rule still reliable?

It remains a reasonable planning anchor, but it is a rule of thumb, not a promise. It assumes a diversified portfolio and a roughly 30-year horizon. Longer retirements, early retirement, or poor early returns can call for a lower withdrawal rate. Use it to set a target, then refine with a proper plan.

How much should I save each month for retirement?

It depends on your target, your timeframe, and your expected return. Enter them in the calculator and it projects whether your current savings plus monthly contributions reach your number. If they fall short, saving more, retiring later, or a higher return each close the gap.

Keep going

See exactly how your contributions compound on the way to your target.

Compound Interest Calculator →
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