Work out the number you're retiring toward, check whether today's savings plan gets you there, then see how much you could safely spend once you're retired.
Set your goal
Check your progress
Plan your withdrawals
Retirement spending looks different from working-age spending — no commute or paycheck savings, but often more healthcare and travel. Break your expected monthly budget into categories below, in today's dollars — we'll account for inflation between now and your retirement date separately.
Estimated Monthly Retirement Budget
Faded amounts are unedited sample figures based on U.S. Bureau of Labor Statistics average spending for households aged 65+ (2024) — start typing in a field to replace it with your own estimate.
Before inflation. How fast you expect your savings to grow while you are retired and drawing them down. A higher rate means a smaller nest egg is needed; a lower rate means a larger one. This value is shared with Step 3 — changing it in either place updates the other.
Your monthly budget above is what you want to actually spend, after tax. We'll size your nest egg so what's left after this estimated tax rate still covers it — otherwise the goal would quietly assume tax-free withdrawals.
Your monthly budget above is in today's dollars. Using your current and retirement age above, we'll grow it forward by your assumed inflation rate to estimate what it costs in the year you actually retire, then size your nest egg to that future amount.
Monthly budget today
Same budget, inflation-adjusted at retirement
Pre-tax annual withdrawal needed to net that amount, at your estimated tax rate
Estimated Nest Egg Needed (in future dollars, at retirement)
Uses your current and retirement age above. Already know your target number? Enter it directly below — or use Step 1 above to calculate one.
Optional — your employer's 401(k) match, if any, as a monthly dollar amount.
Target Nest Egg
Projected Retirement Savings
Steps 1 and 2 are about building the number. This step is about spending it — once you're retired, how much can you actually take out each year, and roughly what does that look like after tax? This auto-fills from your Step 2 projected savings (not your goal) — so if you're on track to fall short, this shows realistically what that would actually let you withdraw. Every field is yours to change.
Already know how much you have saved? You can start right here. Enter your balance and how long it needs to last, and see how much you could withdraw each year.
Auto-fills from your Step 2 projected savings once you calculate above.
Longer duration → lower safe withdrawal rate.
Before inflation. Many people choose a lower return than in Step 2, since they shift to a more conservative mix after retiring. Shared with Step 1 — changing it here also changes the return assumption used for your Step 1 goal.
Shared with Step 1 — changing it here also changes your Step 1 inflation rate. We convert your nominal return and this rate into a real (inflation-adjusted) return automatically.
Shared with Step 1 — changing it here also changes your Step 1 tax rate. Feel free to try different values. A rough blended estimate — depends on your mix of Traditional, Roth, and taxable accounts. Traditional 401(k)/IRA withdrawals are taxed as ordinary income; Roth withdrawals are typically tax-free; taxable brokerage withdrawals are only taxed on the gains.
Annual Withdrawal (pre-tax)
/ month
Annual Withdrawal (after estimated tax)
/ month
This model spends the balance down to zero exactly at the end of your specified duration, at a steady assumed return — it doesn't account for market ups and downs along the way. See how this compares to the traditional 4% rule.
Is this enough for the life you want? Go back to Step 1 and break your spending into categories — housing, healthcare, travel and more — to see what that lifestyle would cost. Back to Step 1 ↑
The goal finder turns your desired annual retirement income and the number of years you expect to draw on your savings into a single target, assuming your portfolio keeps earning a modest 3% return after inflation while you withdraw from it. It also grosses up that target for an estimated tax rate on withdrawals, so the after-tax amount you actually take home matches what you budgeted.
You're marked FIRE ready when your projected savings at your target retirement age meet or exceed your nest egg goal, meaning your plan is on pace without any changes.
Many long-term planners use a range between 5% and 8% for a diversified stock and bond portfolio before inflation. Lower it if you want a more conservative projection.
Your numbers stay on your device only. Nothing you enter is sent to a server, and the calculator does not save your entries, so it starts from the sample values every time you open it.
No. This tool provides educational estimates based on the numbers you enter and simplified assumptions. Speak with a licensed financial advisor before making retirement decisions.