How Much Do I Need to Retire?
A retirement target should come from the spending your portfolio needs to fund, not from a generic age-based multiple alone.
Change the inputs and compare scenarios with the related RetirementMetric calculator.
Open the calculatorEstimate retirement spending
Start with housing, food, health care, transportation, travel, taxes and other recurring costs. Separate essential from discretionary spending.
Subtract dependable income
Estimate Social Security, pensions and other dependable income. The remaining annual gap is what investments may need to fund.
Convert the gap to a portfolio range
Dividing the annual gap by several candidate withdrawal rates creates a useful target range. Then test whether current savings and contributions can reach it.
How to use this number responsibly
Use the result as a planning range rather than a forecast. Re-run the calculation when your balance, contribution rate, debt, retirement date, tax situation or spending target changes. For investment projections, compare multiple return assumptions because future market returns are unknown.
What this calculator does not know
RetirementMetric does not know your complete tax situation, benefits, investment holdings, insurance needs or household expenses. The tools are educational estimates, not individualized investment, tax or legal advice.
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- How Monthly Investing Builds Wealth Over Time
- How to Build a $1 Million 401(k)
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