Retirement Readiness Calculator

This calculator helps you determine how much you need to save for retirement based on the “4% rule,” which suggests you can safely withdraw 4% of your portfolio annually during retirement without running out of money. It also factors in Social Security and other income sources to provide a more accurate picture of your retirement needs.

Your Information

Current Age:

Age at Retirement:

Life Expectancy (years):

Annual Retirement Income Needs:

If you’re unsure, use your current annual income

Current Retirement Savings:

Annual Retirement Contribution:

Expected Annual Return (%):

Additional Income Sources

Include Social Security?

Include Other Income (VA, Pension, etc.)?

Estimated Monthly Other Income:

VA disability, pension, rental income, etc.

Your Retirement Projection

Retirement Income Breakdown

Annual Income Needed:

$60,000

Social Security Income:

Other Income Sources:

Income Needed from Savings:

$42,000

Total Amount Needed

$1,050,000

Based on the 4% rule, this is the estimated amount you’ll need from savings to generate your required income (after Social Security and other income sources).

Your Progress

15% of your retirement goal

Your current savings of $100,000 represents this percentage of your total needed.

Retirement Timeline

Years Until Retirement:

Retirement Duration:

Based on your current age, retirement age, and life expectancy.

Projected Savings at Retirement

$1,200,000

You’ll need an additional $300,000

Given your current savings, annual contributions, and expected return rate.

Recommended Annual Contribution

$8,500

$2,500 more than your current contribution

To reach your retirement goal by your target retirement age.

Retirement Income Sources

This chart shows the breakdown of your retirement income sources – how much will come from your savings versus guaranteed income sources.

Retirement Savings Projection

This chart shows the projected growth of your retirement savings over time, including your current savings, future contributions, and investment returns.

Important Notes:

The 4% rule is a guideline and may not be appropriate for all situations.
Social Security estimates are subject to change based on government policies and your lifetime earnings record.
This calculator provides estimates that don’t account for all variables such as taxes, inflation adjustments, and market volatility.
The projection assumes constant contributions and returns, which may not reflect real-world conditions.
Consider consulting with a financial advisor for personalized retirement planning.

Based on principles from “The Real Money Guide: The Missing Manual for Financial Recovery” by David Kim