How much do you need to retire?
A common rule of thumb is the 4% rule: in your first year of retirement, withdraw 4% of your savings, then raise that amount with inflation each year. Historically, that has made a balanced portfolio last about 30 years. Flip it around and your target is:
For $60,000 a year at 4%, that's $1.5 million. Social Security or a pension lowers the amount your savings need to cover, so subtract it from the desired income before you enter it.
Frequently asked questions
Is the 4% rule still safe?
It is a starting point, not a guarantee. Some planners suggest 3–3.5% for early retirees or longer retirements.
Should returns be adjusted for inflation?
If you enter a real (after-inflation) return, like 5–6%, the result is in today's dollars, which is easier to compare with your desired income.
What if I am behind?
Small changes add up: raising contributions, working a few more years, or lowering target income all close the gap. Adjust the inputs above to test each one.