See if you're on track for retirement and what adjustments to make
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Enter your current age and when you'd like to retire. Add your current retirement savings, how much you contribute monthly, and the expected annual return on your investments. Set an inflation rate and your desired annual income in retirement.
Optionally, include expected Social Security benefits to get a more complete picture. The simulator shows whether you're on track and how long your savings will last in retirement.
The simulator models two phases: accumulation (saving years) and distribution (retirement years). During accumulation, your savings grow through contributions and investment returns. During distribution, you withdraw your desired income while the remaining balance continues to earn returns.
Inflation erodes purchasing power over time, so the simulator adjusts your target retirement income upward to maintain the same buying power. A 3% inflation rate means your $60,000 target income today would need to be about $145,000 in 30 years.
A common guideline is to save 15% of your gross income for retirement, including any employer match. The earlier you start, the less you need to save because compound interest has more time to work.
Increase your savings rate, even by 1-2% per year. Take advantage of catch-up contributions if you're over 50. Consider working a few extra years, which both increases savings and reduces the number of years you need to fund.
Yes, but conservatively. Social Security is likely to exist in some form, but benefits may be reduced. Many planners recommend assuming you'll receive 75-80% of your projected benefit.
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