How much do I need to save for retirement?

Worried you won’t have enough saved when you retire? Enter your information below to figure out how much you should be saving each month to retire when and how you want to.

Why use this calculator?

To live well in retirement, you can no longer rely solely on a company pension plan or Social Security. Instead, you will have to depend on how skillfully you invest, and whether you make good use of tax-advantaged savings plans such as 401(k)s and IRAs.

The first step is to get an estimate of how much you will need to retire securely. One rule of thumb is that you’ll need 70% of your annual pre-retirement income to live comfortably. That might be enough if you’ve paid off your mortgage and you’re in excellent health when you retire.

But if you plan to build your dream house, travel or get that Ph.D you’ve always wanted, you may need 100% of your current income or more. This calculator can help you come up with an estimate of how large a nest egg you’ll need.