Retirement Planner
Plan for a comfortable retirement with our comprehensive calculator. See if you're on track and get personalized recommendations.
Financial experts recommend saving 10-15% of your income for retirement. The earlier you start, the more compound interest works in your favor.
Your Information
Most retirees need 70-90% of pre-retirement income
Savings & Investments
Historical stock market average is ~10%
Average benefit is ~$1,800/month
Retirement Projection
You need to increase your savings. Current shortfall: $1,169,226.
Action Plan
Increase Monthly Savings
Add $705 per month to reach your goal.
New total: $1,205/month
Other Options:
- • Work 2-3 years longer
- • Reduce retirement income target
- • Increase investment returns
- • Maximize employer 401(k) match
Age 30 Milestone
Retirement Savings Milestones
These milestones are based on your current income of $75,000
Retirement Planning Tips
Start Early
Time is your greatest asset. Starting at 25 vs 35 can mean hundreds of thousands more in retirement.
Maximize Employer Match
Always contribute enough to get your full employer 401(k) match. It's free money with immediate 100% return.
Increase Contributions
Increase your contribution rate by 1% each year or whenever you get a raise.
Diversify Investments
Use low-cost index funds and target-date funds for broad market exposure and automatic rebalancing.
Consider Roth Options
Roth 401(k) and IRA contributions provide tax-free growth and withdrawals in retirement.
Plan for Healthcare
Healthcare costs can be significant in retirement. Consider HSAs and long-term care insurance.
Frequently Asked Questions
Important Disclaimer
This retirement planner is for educational and planning purposes only. The calculations are estimates based on the assumptions you provide and should not be considered as personalized financial advice.
Investment Performance: Past performance does not guarantee future results. Market returns can vary significantly, and actual investment returns may be higher or lower than projected. The default 7% return assumption is based on historical market averages but should not be considered guaranteed.
Individual Circumstances: Your actual retirement needs may differ based on health, lifestyle changes, family circumstances, inflation rates, tax law changes, and other factors not captured in this calculator.
Professional Advice: Consider consulting with a qualified financial advisor, certified financial planner (CFP), or tax professional for personalized retirement planning advice that considers your complete financial picture.
Accuracy: While we strive for accuracy, Warren AI makes no warranties about the completeness, reliability, or accuracy of this information. Use this tool as a starting point for your retirement planning, not as a definitive financial plan.
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