Question 1

How much do I need to save for retirement?

Accepted Answer

Use our Retirement Calculator to determine your retirement savings needs. Enter your desired retirement income, current age, retirement age, and existing savings. The calculator shows required nest egg and whether you're on track. General rule: aim for 25x your annual expenses.

Question 2

What is the 4% withdrawal rule?

Accepted Answer

The 4% rule suggests withdrawing 4% of your retirement nest egg annually, adjusted for inflation. This strategy aims to make savings last 30 years. Our calculator uses this rule to determine required nest egg based on desired retirement income.

Question 3

How does Social Security affect retirement planning?

Accepted Answer

Social Security benefits reduce the nest egg needed for retirement. Our calculator lets you enter estimated Social Security benefits to see how they supplement your savings. Benefits typically replace 30-40% of pre-retirement income for average earners.

Question 4

When should I start saving for retirement?

Accepted Answer

Start as early as possible! Compound interest works best over long periods. A 25-year-old saving $500/month until 65 could accumulate $1.2M at 7% return. Starting at 35 with same contribution yields only $600K. Our calculator shows impact of starting age on nest egg.

Question 5

How do I catch up if I'm behind on retirement savings?

Accepted Answer

Use our Retirement Scenarios to see how increasing contributions affects your nest egg. The calculator shows shortfalls and provides recommendations. Options include: increase monthly contributions, delay retirement age, or adjust expected returns. Catch-up contributions (age 50+) can help.

Retirement Calculator - Comprehensive Retirement Planning

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