Combo Retirement Calculator Enter all but one of the fields below, then press the button next to the field you wish to calculate. How many years until you retire?   Number of Years in Retirement Average Annual Interest Rate You Can Earn (After Retirement)   Compounded:  Daily Monthly Quarterly Annually %   Average Annual Inflation Rate %   How much do you need to live on? (in today's $) Annually $ In total, how much will you have or need at the time you retire? $ Do you want to have any money left?   If yes...how much?     Adjust for inflation $ Copyright© 1997- MyCalculators.com Please solve for one of the values in the calculator before running the schedule.   Note:  Subtract any other income (in today's $ - Social Security, annuity, pension etc..) from the amount you will need to live on. The amount you need to live on should include taxes. Withdrawals are made at the beginning of the period. Due to rounding, the calculations are approximates and intended to be used only as a guide. Be sure to review your plan periodically or as requirements change!

When you find out how much you'll need to save for retirement, use my Savings Calculator to see how to get it.

On the Savings Calculator
you will enter:
1. The $ amount needed at retirement in the Future Value box (you can copy (not the $ sign) from the schedule and paste to the Savings Calculator) -
   
2. How much you've already saved in the Present Value box -
   
3. The number of years until you retire in the Number of Years box -
   
4. ...and the annual rate that you think you can earn in the Rate box -
   
5. Press the Contribution button and it will tell you how much you need to invest each period (weekly, biweekly, monthly, quarterly or annually depending on which is selected). You can change the period by selecting another period and pressing the Contribution button again.
   
   • No need to adjust that value for inflation, this Retirement Calculator has already done that for you.

FAQs:

Why does the withdrawal amount increase every year (or month)?

Why do I have to include taxes in the amount needed to live on?  Why didn't you include taxes in the calculation?

What if I want the earnings to be net of taxes?

How much do I need to live on?

I don't understand compounding.  Does it really make a difference?

What can I expect the inflation rate to be?

What can I expect to get from Social Security?