Project your retirement savings, estimate monthly income, and see whether you are on track — with inflation-adjusted goals and a clear savings gap analysis.
30 years until retirement
Total in 401(k), IRA, Roth IRA, and other retirement accounts.
Include employer 401(k) match if you receive it consistently.
Many planners use 6–7% for long-term stock-heavy portfolios.
What you want to spend each month in retirement, in today's money.
Used to adjust your income goal for future purchasing power.
Projected balance at age 65
$1,015,810Est. monthly income (4% rule)
$3,386Investment growth
$785,810Savings gap detected
You may be short by $2,625,083 at retirement. To close the gap, consider increasing contributions by about $2,152/month.
| Total you contribute | $230,000 |
|---|---|
| Investment growth | $785,810 |
| Projected balance | $1,015,810 |
| Age | Years saved | Balance |
|---|---|---|
| 40 | 5 | $106,678 |
| 45 | 10 | $187,025 |
| 50 | 15 | $300,928 |
| 55 | 20 | $462,400 |
| 60 | 25 | $691,307 |
| 65 | 30 | $1,015,810 |
Estimates only. Actual results depend on market returns, fees, taxes, Social Security, pensions, and changes to contribution levels. The 4% withdrawal rule is a planning guideline, not a guarantee. Consult a financial advisor for personalized advice.
A retirement calculator estimates how much money you will have saved by your target retirement age and whether that balance can support the lifestyle you want. You enter your current age, retirement age, existing savings, monthly contributions, and expected investment return. The tool projects your nest egg and translates it into estimated monthly retirement income.
Unlike a simple savings calculator, a retirement calculator is built around the questions that matter most as you approach your 60s and 70s: Am I saving enough? Will my money last? How much can I safely spend each month?
Retirement planning involves many unknowns. A good calculator turns those unknowns into numbers you can act on:
This calculator uses widely cited planning principles. Understanding them helps you interpret the results:
The 25x rule and 4% rule are two sides of the same idea. Need $5,000 per month ($60,000 per year)? Multiply by 25 to get a $1.5 million target nest egg. Or multiply your balance by 4% to see annual withdrawal capacity. This calculator applies the 4% rule to your projected balance automatically.
For many Americans, home equity is their largest asset — but it is not available for daily expenses until you sell or borrow against it. Downsizing before or during retirement is a common strategy: sell a larger home, buy something smaller, and invest the difference.
If you are considering selling your Michigan home to boost retirement savings, our compound interest calculator models how a lump sum from a home sale could grow until retirement. Pair it with this tool to see the combined effect on your nest egg.
Still carrying a mortgage? Use our mortgage calculator to understand your monthly payment, and our carrying cost calculator to see what your home costs to hold each month — money that could otherwise go toward retirement accounts.
A common rule of thumb is the 25x rule: multiply your desired annual spending by 25. If you want $60,000 per year in retirement, you need roughly $1.5 million saved. The 4% rule is the inverse — withdraw 4% of your portfolio annually. Your actual number depends on Social Security, pensions, healthcare costs, and how long you live.
The 4% rule suggests you can withdraw 4% of your retirement portfolio in the first year, then adjust for inflation each year, with a high probability the money lasts 30 years. On a $1 million balance, that is $40,000 in year one, or about $3,333 per month before taxes. It is a planning guideline, not a guarantee.
You enter your current age, target retirement age, existing savings, monthly contributions, and expected return. The calculator projects how your balance grows through compounding until retirement, then estimates sustainable monthly income. Advanced calculators also adjust your income goal for inflation and show whether you have a savings gap.
Many financial planners use 6–7% for long-term stock-heavy portfolios, 4–5% for balanced portfolios, and lower rates for conservative allocations. Historical stock market averages are not guarantees. Running multiple scenarios — optimistic and conservative — helps you stress-test your plan.
This calculator focuses on your personal savings (401(k), IRA, brokerage). Social Security can significantly reduce the nest egg you need. Check your estimated benefit at ssa.gov and subtract it from your monthly income goal for a more complete picture.
At minimum, contribute enough to capture your full employer match — that is free money. Beyond that, aim for 10–15% of gross income including the match. If this calculator shows a savings gap, it estimates how much extra you may need to contribute monthly to reach your goal.
Home equity is not liquid until you sell, downsize, or borrow against it. Many retirees downsize to free up cash and reduce housing costs. If you plan to sell your home before retirement, use our compound interest calculator to model investing the net proceeds alongside your existing savings.
Selling your Michigan home can free up equity for your retirement accounts. See what cash buyers will offer — no repairs, no agent commissions, no obligation.
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