Retirement Readiness Calculator

Walk through each step, then see your estimated annual and monthly savings need in Step 7.

Step 1 Timing
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Enter your current age and the age you want to retire.

Step 2 Retirement expenses
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Estimate your annual retirement spending.

Estimated annual expenses
$0
Step 3 Retirement income
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Enter your expected annual income sources in retirement that are not from your investment portfolio. Typically, that's guaranteed income, such as social security and pensions.

Total annual retirement income
$0
Step 4 Annual gap
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Your annual gap is your expenses minus your guaranteed income — this is what your portfolio must cover.

Estimated annual gap
$0
Step 5 Rule-of-thumb portfolio
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Multiply your annual gap by a factor to estimate the portfolio needed. The default of 25 reflects the common 4% withdrawal guideline.

Portfolio needed (today's dollars)
$0
Step 6 Inflation adjustment
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Adjust your portfolio target for inflation between now and retirement.

Inflation-adjusted portfolio needed
$0
Step 7 Estimated savings needed
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Enter your assumed rate of return and current investments to calculate how much you need to save.

Estimated annual savings needed
$0
$0 per month

This calculator is for educational and informational purposes only and does not constitute financial, tax, or investment advice. Consult with a qualified financial professional before making any financial decisions.