Retirement Calculator

Plan your retirement savings and determine if you're on track for your goals

Retirement Planning Calculator

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Live from Federal Reserve (Live RSS when available): 8.35% expected retirement return (updated 2025-07-26)
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Fed inflation target: 2% (current ~3%). Inflation expectations can change based on economic conditions and policy.

Retirement Planning Essentials

US Retirement Account Types:

  • 401(k): $23,500 limit (2025), $31,000 if 50-59/64+, $34,750 if 60-63
  • Traditional IRA: $7,000 limit (2025), $8,000 if 50+
  • Roth IRA: Same limits, income restrictions apply
  • SEP-IRA: Up to 25% of income or $70,000 (2025), up from $69,000
  • Solo 401(k): For self-employed, higher contribution limits
  • Social Security: Full retirement age 66-67 depending on birth year

US Retirement Strategies:

  • Employer Match: Always contribute enough for full match
  • Roth vs Traditional: Consider current vs future tax rates
  • Catch-up Contributions: Extra contributions allowed after 50
  • Required Distributions: Start at age 73 for traditional accounts

Retirement Planning Rules of Thumb:

  • Save 10-15%: Of your income for retirement
  • Get the Match: Always contribute enough for full employer match
  • Start Early: Time is your biggest ally with compound interest
  • Increase Gradually: Boost contributions with raises

Common Retirement Mistakes:

  • Starting too late or saving too little
  • Not taking advantage of employer matching
  • Being too conservative with investments when young
  • Withdrawing from retirement accounts early
  • Not planning for healthcare costs