Retirement
401(k) Calculator
Project your 401(k) balance including employer match.
Use CalculatorRetirement Calculator
Project how much you may have saved by retirement, the monthly income those savings might support, and how that compares with the income you want.
How it works
Enter your age, target retirement age, current savings, monthly contribution, an expected return, an inflation assumption and the monthly income you'd like in today's dollars.
Savings are grown monthly until retirement. Estimated income uses a 4% annual withdrawal assumption, a common planning rule of thumb, and is also shown in today's dollars.
These are estimates based on the assumptions entered and are not guaranteed.
Formula & methodology
Monthly income ≈ Savings at retirement × 4% ÷ 12
- Savings
- Projected balance at retirement age
- 4%
- Assumed annual withdrawal rate
- Real income
- Monthly income ÷ (1 + inflation)^years
Savings needed = desired monthly income × 12 × (1 + inflation)^years ÷ 4%.
Social Security, pensions, taxes and investment fees are not included.
Illustrative example
Age 35, retiring at 65
With $40,000 saved, $600 a month, a 6% return and 2.5% inflation, projected savings are about $843,600.
A 4% withdrawal suggests about $2,812 a month, or roughly $1,341 in today's dollars.
Hypothetical figures for illustration only.
Frequently asked questions
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