Free Retirement Calculator
Enter your current savings, monthly contributions, expected return and years to retirement to see your projected nest egg and how long it could last.
Retirement Calculator
Mr B says: Most people underestimate how long they'll live and overestimate their investment returns. Build in a buffer on both — assume a longer retirement and a more modest return.$
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Retirement projection
Projected nest egg at retirement—
Monthly income this could provide (4% rule)—
Years this could last—
⚠️ This tool is for general guidance only and is not financial advice. Returns are not guaranteed. Speak to a financial adviser about your retirement plan.
Common questions
Retirement planning questions
A common rule of thumb is 25 times your expected annual spending in retirement — this is derived from the 4% rule, which suggests withdrawing 4% of your nest egg annually. For $50,000 per year spending, you would need $1.25 million. This is a starting point, not a precise target, and does not account for pension or government benefits.
The 4% rule states that you can withdraw 4% of your retirement savings in the first year and adjust for inflation each year thereafter, with a historically high probability that the money will last 30 years. It was derived from the Trinity Study using US market data. It is a guideline, not a guarantee.
Financial planners often use 5–7% per year for a diversified equity portfolio, net of fees, over a long time horizon. For conservative planning, use a lower number — 4–5% — to avoid overestimating your future nest egg. Actual returns will vary significantly year to year.
Both are valuable, but high-interest debt (credit cards, personal loans) should be paid off first. For a mortgage at relatively low interest rates, the choice between extra repayments and retirement contributions depends on your interest rate, tax situation, and available employer matching. A financial adviser can model your specific numbers.