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
Uses the 4% safe withdrawal rule. Projected savings include compound growth on current savings and regular monthly contributions. Actual retirement needs vary based on lifestyle, healthcare costs, and inflation. Consider consulting a financial advisor for personalized planning.
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.