Retirement Needs Calculator
Calculate how much you need to save for retirement based on your current age, desired retirement age, income, and lifestyle expectations. Plan for a secure financial future.
Step 1: Personal Information
Understanding Retirement Planning
Most financial advisors recommend aiming for 70-80% of your pre-retirement income to maintain your lifestyle in retirement. Consider inflation and healthcare costs in your planning.
Step 2: Financial Information
About Retirement Savings
The earlier you start saving for retirement, the more time your money has to grow through compound interest. Even small contributions can make a significant difference over time.
Retirement Needs Results
Total Retirement Savings Needed
Retirement Age Comparison
| Retirement Age | Years of Savings | Savings Needed | Monthly Savings Required |
|---|
Savings Growth Projection
Retirement Needs Formula
Retirement Needs = (Annual Income × Replacement Rate) × Retirement Years
To calculate retirement needs: Multiply your current annual income by your desired replacement rate (typically 70-80%), then multiply by the number of years you expect to be in retirement.
Need Professional Retirement Planning?
Connect with our financial advisors for detailed retirement planning, investment strategies, and personalized recommendations for your financial future.
Get Professional Advice