Calculate how much you’ll need to retire

Calculate how much money you’ll need to retire

To decide how much money you’ll need to retire, you’ll need to consider your own retirement spending needs and your own sources of income.

Use this calculator to estimate the savings you’ll need to enjoy the retirement lifestyle you want.

Instructions: Fill in the blanks and then click Submit. Click Reset to try different figures.

Retirement savings

The calculator assumes that you are withdrawing 4% a year (the 4% rule). You can use 4% as a guide to help you estimate how much you can withdraw from your savings each year. Everyone’s circumstances are different so be sure to look carefully at your individual plan. Check with your financial advisor to see if the 4% rule or a lower withdrawal percentage (such as 3%) is appropriate for your situation.

Click the Next button to learn about the 4% rule.