Retirement Scenario Calculator
Plan your retirement savings, estimate income needs, and explore different financial scenarios for a secure future.
Step 1: Personal Details
Retirement Planning Basics
Most experts recommend saving 10-15% of your income for retirement. The earlier you start, the more time your investments have to grow through compound interest.
Step 2: Financial Assumptions
Investment Returns & Inflation
Historically, stock market returns average 7-10% annually. Inflation reduces purchasing power over time, so consider real returns (nominal return minus inflation).
Retirement Scenario Results
Estimated Retirement Savings at Age 65
Retirement Scenario Comparison
| Scenario | Retirement Age | Monthly Contribution | Total Savings | Monthly Income |
|---|
Retirement Planning Strategies
The 4% Rule
Strategy: Withdraw 4% of your retirement portfolio in the first year, then adjust for inflation each subsequent year.
Example: $1,000,000 portfolio → $40,000 annual withdrawal ($3,333 monthly).
Delay Retirement
Strategy: Work 3-5 years longer to significantly boost retirement savings and reduce the number of years you need to fund.
Benefit: Allows more time for contributions and compound growth, while reducing withdrawal period.
Increase Savings Rate
Strategy: Gradually increase your retirement contribution rate by 1-2% annually until reaching 15-20% of income.
Example: Increasing from 10% to 15% could add $200,000+ to your retirement savings over 20 years.
Reduce Retirement Expenses
Strategy: Plan to reduce expenses in retirement by downsizing, relocating, or eliminating certain costs.
Example: Reducing annual retirement needs from $60,000 to $50,000 decreases required savings by $250,000 (using 4% rule).
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