Free Retirement Calculator: How Long Will Your Money Last?
Use our free retirement calculator to estimate how long your money will last in retirement. Calculate your retirement savings by age, project your 401k growth, factor in Social Security income, and determine if you're on track to meet your retirement goals. Updated for 2025 with the latest tax brackets and contribution limits.
Your Information
Current Savings & Contributions
Retirement Income
Your Retirement Projection
Enter your information and click "Calculate Retirement" to see your personalized retirement projection.
Disclaimer: This calculator provides estimates based on the information you provide and various assumptions about future economic conditions. Actual results may vary. This tool is for educational purposes only and does not constitute financial advice. Consider consulting with a qualified financial advisor for personalized retirement planning.
How to Use This Retirement Calculator
Our retirement calculator helps you answer the most important question: How long will my money last in retirement?Enter your current age, savings, and expected retirement income to get a personalized projection.
Retirement Savings by Age: Are You On Track?
Here's a general guideline for how much you should have saved for retirement by age:
- Age 30: 1x your annual salary saved
- Age 40: 3x your annual salary saved
- Age 50: 6x your annual salary saved
- Age 60: 8x your annual salary saved
- Age 67: 10x your annual salary saved
The 4% Rule Explained
The 4% rule suggests withdrawing 4% of your retirement savings in the first year, then adjusting for inflation each year. With $1 million saved, you could withdraw $40,000 annually with a high probability of your money lasting 30 years.
Social Security Income
The average Social Security benefit in 2025 is approximately $1,900/month ($22,800/year). Factor this into your retirement income calculations, but don't rely on it as your only income source.
401k Contribution Limits 2025
In 2025, you can contribute up to $23,500 to your 401k ($31,000 if you're 50 or older). Maximizing contributions, especially with employer matching, significantly impacts your retirement readiness.
Inflation's Impact on Retirement
At 3% annual inflation, $100,000 today will only have the purchasing power of about $55,000 in 20 years. Our calculator adjusts for inflation to give you realistic projections.
Frequently Asked Questions
How long will my retirement money last?
It depends on your total savings, withdrawal rate, investment returns, and expenses. Using the 4% rule, $1 million could last approximately 30 years. Our calculator gives you a personalized estimate based on your specific situation.
How much do I need to retire comfortably?
A common rule of thumb is to have 25x your annual expenses saved. If you need $60,000/year in retirement, aim for $1.5 million in savings. However, Social Security and other income sources can reduce this amount.
When can I retire?
You can retire when your savings and income sources can sustain your desired lifestyle. Use this calculator to test different retirement ages and see how they affect your financial security.
Should I include Social Security in my retirement calculations?
Yes, but conservatively. Social Security will likely be around in some form, but benefits may be reduced. Our calculator lets you input your expected Social Security income to see its impact on your retirement readiness.
Pro Tip: Run this retirement calculator annually to track your progress and adjust your savings strategy as needed. Small changes in your contribution rate or retirement age can have a significant impact on your financial security.
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