How much do I need to save for retirement?

It depends on your desired lifestyle, retirement age, and life expectancy. A common rule is to save 25 times your annual retirement expenses.

When should I start saving for retirement?

As early as possible. Thanks to compound interest, starting at 25 with small amounts beats starting at 40 with large ones.

Historically, a diversified portfolio returns 6-8% annually. Adjusted for inflation, the real return is 2-5%.

Social security typically covers only a fraction of your last salary. It's important to supplement with private savings and investments.

Calculate how much you need to save for retirement and whether you are on track to reach your goal.

Current age

Retirement age

Life expectancy

Current savings ($)

Monthly contribution ($)

Desired monthly income ($)

Annual return (%)

Inflation rate (%)