Work out the number you're retiring toward, then check whether today's savings plan actually gets you there.
Retirement spending looks different from working-age spending — no commute or paycheck savings, but often more healthcare and travel. Break your expected monthly budget into categories below, in today's dollars — we'll account for inflation between now and your retirement date separately.
Estimated Monthly Retirement Budget
Faded amounts are unedited sample figures based on U.S. Bureau of Labor Statistics average spending for households aged 65+ (2024) — start typing in a field to replace it with your own estimate.
Your monthly budget above is in today's dollars. Using your current and retirement age above, we'll grow it forward by your assumed inflation rate to estimate what it costs in the year you actually retire, then size your nest egg to that future amount.
Monthly budget today
Same budget, inflation-adjusted at retirement
Estimated Nest Egg Needed (in future dollars, at retirement)
Uses your current and retirement age from Step 1. Target Nest Egg fills in automatically from Step 1, or edit it directly.
Optional — your employer's 401(k) match, if any, as a monthly dollar amount.
Target Nest Egg
Projected Retirement Savings
The goal finder turns your desired annual retirement income and the number of years you expect to draw on your savings into a single target, assuming your portfolio keeps earning a modest 3% return after inflation while you withdraw from it.
You're marked FIRE ready when your projected savings at your target retirement age meet or exceed your nest egg goal, meaning your plan is on pace without any changes.
Many long-term planners use a range between 5% and 8% for a diversified stock and bond portfolio before inflation. Lower it if you want a more conservative projection.
Your numbers stay on your device only. They're stored in your browser's local storage purely so the form remembers your last entry, and nothing is sent to a server.
No. This tool provides educational estimates based on the numbers you enter and simplified assumptions. Speak with a licensed financial advisor before making retirement decisions.