Retirement Planning
Retirement Calculator
Plan for your golden years with our comprehensive retirement calculator. Calculate how much you need to save, estimate your retirement income, and explore different withdrawal strategies with inflation adjustments.
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Retirement Planning
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401k Calculations
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Withdrawal Strategy
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Inflation Adjustment
Retirement Planning Details
I am currently years old and plan to retire at years old.
I have $ in current savings and will contribute $ at the of the period.
I expect a return rate of % annually, with inflation at % per year.
I expect to live until years old and will use a withdrawal strategy, needing $ per month.
I have $ in current savings and will contribute $ at the of the period.
I expect a return rate of % annually, with inflation at % per year.
I expect to live until years old and will use a withdrawal strategy, needing $ per month.
How Our Retirement Calculator Works
Accumulation Phase
- Calculate compound growth of your savings and contributions
- Account for different contribution frequencies and timings
- Project your retirement balance at your target retirement age
Retirement Phase
- Model different withdrawal strategies (fixed amount vs. percentage)
- Account for inflation impact on purchasing power
- Calculate how long your money will last
Understanding Retirement Planning
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Compound Interest
Your money grows exponentially over time as you earn returns on both your original investment and previously earned returns.
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4% Rule
A common withdrawal strategy suggesting you can safely withdraw 4% of your retirement balance annually without running out of money.
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Inflation Impact
Over time, inflation reduces purchasing power. $1,000 today might only buy what $700 buys in 20 years at 3% inflation.
Retirement Planning Tips
Best Practices
- ✓Start saving as early as possible to maximize compound growth
- ✓Contribute enough to get your full employer 401(k) match
- ✓Diversify your retirement accounts (401k, IRA, Roth IRA)
- ✓Review and adjust your plan annually
Common Mistakes
- ✗Waiting too long to start saving for retirement
- ✗Underestimating how much you'll need in retirement
- ✗Ignoring inflation when planning retirement income
- ✗Not having a withdrawal strategy in retirement