Toolyard

Retirement Calculator

How to check your retirement savings

  1. Enter your age, retirement age, current savings and monthly contribution.
  2. Enter the return you expect and inflation.
  3. Enter your planned yearly spending and withdrawal rate to compare what you will have with what you need.

Frequently asked questions

What is the withdrawal rate?

The share of your savings you take out each year. 4% is a common rule of thumb for a retirement of about 30 years; lower is safer.

Why show today's money?

Inflation makes future money worth less, so the projection is also shown in today's money to compare with today's spending.

More finance calculators

Guides