Retirement Calculator
Find out if you’re on track to retire comfortably. See your projected retirement balance and monthly income based on your current savings and contributions.
🏖️ Plan Your Retirement
Enter your current details to see your projected retirement balance and estimated monthly income.
How Much Do You Need to Retire?
Retirement planning can feel overwhelming, but it starts with one simple question: how much money do you need to live comfortably without working? Our Retirement Calculator helps you answer that question by projecting your savings growth, accounting for inflation, and estimating the monthly income your nest egg can generate.
The 4% Rule Explained
The 4% rule is a widely used guideline suggesting you can withdraw 4% of your retirement portfolio annually without running out of money over a 30-year retirement. This means if you need $4,000 per month ($48,000 per year), you’d need a portfolio of $1.2 million ($48,000 ÷ 0.04).
Why Inflation Matters
A dollar today is worth more than a dollar in 20 years. At 3% annual inflation, $1,000,000 in 20 years has the purchasing power of approximately $554,000 in today’s terms. This is why this calculator provides both nominal and inflation-adjusted projections — the inflation-adjusted figure is what you should plan around.
Key Retirement Planning Strategies
- Start early: Thanks to compound interest, starting at 25 vs 35 can double your final balance for the same monthly contribution.
- Maximise employer matches: If your employer matches contributions, always contribute enough to capture the full match — it’s free money.
- Increase contributions with raises: Each pay rise is an opportunity to increase your retirement contribution without feeling the pinch.
- Diversify investments: A mix of stocks, bonds, and other assets helps manage risk as you approach retirement age.