How much do I need to retire?

A common starting point is roughly 25 times your desired annual retirement spending, adjusted for inflation. Personal answers vary based on Social Security, pensions, tax situation, expected returns, and retirement length.

What is a real return rate?

The real return is the expected investment return minus inflation. It measures how much purchasing power grows over time.

What return assumption should I use?

A balanced portfolio has historically returned roughly 5 to 7 percent before inflation. A conservative figure (4 to 6 percent) is a common starting point.

Retirement Savings Goal | My 360 Wealth

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Retirement Savings Goal

Practical financial planning, tax planning, retirement, and investing insights from the My 360 Wealth Management team.

Your inputs

Estimates the lump sum needed at retirement and the monthly savings required to get there.

Current age

yrs

Retirement age

yrs

Years in retirement

yrs

Desired retirement income (today’s $)

Current retirement savings

Expected annual return (%)

Expected annual inflation (%)

What you may need

—

Estimated nest egg required at retirement.

Monthly savings needed

—

Approximate amount to save each month.

For illustration only. Assumes constant return and inflation, ignores taxes and Social Security. Actual outcomes vary.

About the Retirement Savings Goal Calculator

This calculator estimates two things: how much money you may need at retirement to support a target level of inflation-adjusted spending, and how much to save each month between now and retirement to get there.

How the math works

The target nest egg uses a real-return present-value calculation. Your desired annual income in today’s dollars is inflated to the year you retire, then discounted across all years of retirement using the real return rate (expected return minus inflation). The monthly savings figure solves the standard annuity formula.

What this calculator does not model

Social Security, pensions, or other guaranteed income
Taxes on withdrawals from tax-deferred accounts
Market volatility and sequence-of-returns risk
Healthcare costs and long-term care

Talk through your plan with a professional advisor

My 360 Wealth Management Group advisors are available for a complimentary conversation.

Schedule a Consultation

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment, tax, or legal advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.