Plan your financial future — calculate your retirement date, years until retirement, and get personalized savings recommendations.
In retirement, you can safely withdraw 4% of your portfolio annually without running out of money for 30+ years. This calculator uses this rule to estimate monthly income.
Last Updated: June 13, 2026
A retirement age calculator helps you determine when you can retire based on your current age, desired retirement age, and savings. It projects your retirement date, calculates how many years, months, and days until retirement, and estimates your future savings growth.
This tool is essential for financial planning, whether you're just starting your career or approaching retirement. It helps you understand if you're on track and what adjustments might be needed to achieve your retirement goals.
Our calculator uses compound interest formulas to project your savings growth over time:
Example 1: Starting Early (Age 25, Retire at 65)
Input: Current age 25, Retirement age 65, Savings $10k, Monthly $500, 7% return
Output: $1.2M projected savings, $4,000/month retirement income
Use case: Young professional planning long-term wealth building.
Example 2: Late Starter (Age 45, Retire at 67)
Input: Current age 45, Retirement age 67, Savings $100k, Monthly $1,000, 6% return
Output: $650k projected savings, $2,166/month retirement income
Use case: Mid-career catch-up planning.
Future Value of Savings:
FV = PV × (1 + r)^n + PMT × [((1 + r)^n - 1) / r]
Where: PV = current savings, r = monthly return rate, n = months until retirement, PMT = monthly contribution
Inflation Adjustment:
Real Value = Nominal Value / (1 + inflation rate)^years
Monthly Retirement Income (4% Rule):
Monthly Income = (Projected Savings × 0.04) / 12
The average retirement age in the US is 64 for men and 62 for women, though many plan to work until 65-67 for full Social Security benefits.
A common rule of thumb is 10-12 times your final annual salary. For a $60,000/year lifestyle, aim for $600,000-$720,000 in savings.
The 4% rule suggests you can withdraw 4% of your retirement savings annually, adjusted for inflation, with a high probability of not running out of money for 30 years.
Yes! Inflation erodes purchasing power. Our calculator shows both nominal (actual dollars) and real (inflation-adjusted) values to give you a more accurate picture.
This varies by lifestyle and location. Many retirees aim for 70-80% of their pre-retirement income. For a $75,000 pre-retirement salary, that's $4,375-$5,000 per month.