Retirement Planning Calculator

Create a comprehensive retirement plan with multiple income sources, expense analysis, and detailed projections. Plan for a secure and comfortable retirement.

Retirement Planning Parameters

Basic Information

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years

Current Financial Situation

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Expected Retirement Income Sources

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Rental income, dividends, annuities, etc.

Expected Monthly Retirement Expenses

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% of current expenses needed in retirement

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Retirement Summary

Enter your retirement planning details to see comprehensive projections and analysis

Retirement Planning Guide

The Three-Legged Stool

Social Security

Average benefit replaces about 40% of pre-retirement income

Employer Plans

401k, 403b, pensions - maximize employer matching

Personal Savings

IRAs, taxable accounts, real estate, personal investments

Retirement Rules of Thumb

4% Withdrawal Rule Safe Rate
80% Income Replacement Common Goal
10x Final Salary Target Savings
Start at 25% Salary Early Career

💡 Retirement Planning Tips

Start Early & Be Consistent:

  • • Time is your greatest asset for compound growth
  • • Automate savings to build consistent habits
  • • Increase contributions with salary raises
  • • Don't try to time the market

Diversify & Plan for Healthcare:

  • • Mix of stocks, bonds, and other assets
  • • Consider international diversification
  • • Plan for rising healthcare costs
  • • Consider long-term care insurance

⚠️ Common Retirement Mistakes

Planning Errors:

  • • Underestimating retirement expenses
  • • Not accounting for inflation
  • • Retiring with debt
  • • No backup plan for market downturns

Investment Mistakes:

  • • Being too conservative or too aggressive
  • • Not rebalancing portfolios
  • • Panic selling during market drops
  • • Ignoring fees and expenses