Put in what you expect to spend each year in retirement and it works out the nest egg you need, whether you're on track, and the age you could actually stop working.
Using the 4% rule (25x) and a safer 3.5% (about 28x).
| Yearly spending | Need at 4% | Need at 3.5% |
|---|---|---|
| $30,000/yr | $750,000 | $857,143 |
| $40,000/yr | $1,000,000 | $1,142,857 |
| $50,000/yr | $1,250,000 | $1,428,571 |
| $60,000/yr | $1,500,000 | $1,714,286 |
| $80,000/yr | $2,000,000 | $2,285,714 |
| $100,000/yr | $2,500,000 | $2,857,143 |
| $120,000/yr | $3,000,000 | $3,428,571 |
It comes from research showing that withdrawing 4% of your starting balance a year (rising with inflation) rarely ran out over 30 years historically. It is a rule of thumb, not a guarantee: early poor market years, longer retirements or higher spending can strain it, which is why some people prefer 3.5% or 3% for more safety.
No. If you expect a pension or social security, you need a smaller pot of your own, because that income covers part of your spending. Subtract the yearly amount you expect from your retirement spending before entering it here.
The two levers are saving more each month and giving it more time. Even small increases compound: our millionaire calculator shows the effect of the monthly amount, and the habit cost tool shows what redirecting one daily habit could grow into.