Retirement Savings Goal Calculator
Calculate retirement savings goal from your own entered figures.
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Currency: Amounts are calculated in the currency you select; this site does not convert between currencies and does not use live exchange rates.
What this tool does
Calculate retirement savings goal from your own entered figures. Constant assumed return, no live market prices, taxes, inflation or investment fees unless included in your inputs.
How to use the Retirement Savings Goal Calculator
- Enter or select annual retirement expenses.
- Enter or select annual pension and other income.
- Enter or select withdrawal rate (%).
- Read the calculated result; change any measurement to compare alternatives.
Formula
portfolio goal=max(0,expenses−other income)/(withdrawal rate/100)
- expenses
- Annual retirement expenses
- other
- Annual pension and other income
- rate
- Withdrawal rate (%)
Constant assumed return, no live market prices, taxes, inflation or investment fees unless included in your inputs.
Worked example
For retirement savings goal calculator, the following measurements illustrate the exact method: Annual retirement expenses: 50000; Annual pension and other income: 20000; Withdrawal rate (%): 4.
Inputs
- Annual retirement expenses50000
- Annual pension and other income20000
- Withdrawal rate (%)4
Result
- Retirement savings goal$750,000.00
- Annual portfolio-funded expenses$30,000.00
Results explained
- Retirement savings goal
- Retirement savings goal from the formula above. Constant assumed return, no live market prices, taxes, inflation or investment fees unless included in your inputs.
- Annual portfolio-funded expenses
- Annual portfolio-funded expenses from the formula above. Constant assumed return, no live market prices, taxes, inflation or investment fees unless included in your inputs.
Frequently asked questions
portfolio goal=max(0,expenses−other income)/(withdrawal rate/100)
Constant assumed return, no live market prices, taxes, inflation or investment fees unless included in your inputs.
No. All numbers are entered by you or come from the dated reference table shown on this page; calculations run locally.
This is an estimate, not financial, tax or legal advice. Verify the inputs and output with official sources and a qualified professional.
Check period consistency, currency, percentage inputs and the assumptions: Constant assumed return, no live market prices, taxes, inflation or investment fees unless included in your inputs.