Lifestyle Retirement Calculator
Plan your ideal retirement lifestyle and calculate how much you need to save. Determine expenses, income needs, and savings goals based on your desired retirement lifestyle.
Step 1: Lifestyle & Timeline
Understanding Lifestyle Levels
Your desired lifestyle level determines what percentage of your current income you’ll need in retirement. Basic covers essentials, comfortable allows for leisure, luxury includes travel and hobbies, and enhanced provides for luxury experiences.
Step 2: Financial Details
About Investment Returns
Investment returns vary based on your portfolio. Conservative portfolios typically yield 3-5%, balanced portfolios 5-7%, and aggressive portfolios 7-10%. Past performance doesn’t guarantee future results.
Retirement Planning Results
Total Retirement Savings Needed
Lifestyle Level Comparison
| Lifestyle Level | % of Current Income | Annual Income Needed | Total Savings Required |
|---|
Savings Breakdown
Retirement Calculation Formula
Total Savings Needed = (Annual Income Needed × Retirement Years) ÷ (Withdrawal Rate)
To calculate total retirement savings needed: Multiply desired annual income by years in retirement, then divide by safe withdrawal rate (typically 3-4%). Adjust for inflation and investment returns.
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