Retirement Savings Gap Calculator
Are you on track for retirement? This calculator shows the gap between what you'll have and what you need — and exactly how much extra to save each month to close it.
Retirement Savings Gap Calculator
Find out if you're on track for retirement
Projected savings include monthly compounding on current savings and regular monthly contributions. Annual retirement income is calculated by amortizing savings over the expected retirement years, so savings are designed to last until your life expectancy. Actual retirement needs vary based on lifestyle, healthcare costs, and inflation. Consider consulting a financial advisor for personalized planning.
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Frequently Asked Questions
How do I know if I'm on track for retirement?+
Rule of thumb: savings = your age × annual salary ÷ 10 (e.g., 40 years old, $100k salary → $400k saved). Or: 15% of gross income saved consistently from age 25 to 65. This calculator does the precise math using your actual numbers.
What if I'm behind on retirement savings?+
Three levers: (1) Save more (increase contributions by 1-2% each year). (2) Work longer (each extra year adds savings + removes a year of withdrawals). (3) Reduce expected expenses (smaller home, lower lifestyle). Catch-up contributions at 50+ help too ($7,500 extra for 401k).
How much do I need to retire comfortably?+
A common target: 25x your annual expenses (the 4% rule). If you spend $60,000/year, you need $1,500,000. Social Security covers $20,000-30,000/year for most people. Your gap = ($60k − SS) × 25. This calculator computes your exact number.
How do I know if I'm on track for retirement?
Rule of thumb: savings = your age × annual salary ÷ 10 (e.g., 40 years old, $100k salary → $400k saved). Or: 15% of gross income saved consistently from age 25 to 65. This calculator does the precise math using your actual numbers.
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