Calculator

Am I on track for retirement?

See roughly what your savings could grow to by retirement, and whether it could cover the income you want. All amounts are in today's dollars (definition, opens in a new tab), so they're easy to picture.

Your age

Retire at

Saved for retirement so far

401(k) (definition, opens in a new tab), IRA and other retirement accounts.

Saving each month

Include any employer match.

Your goal

Yearly income you'd want from savings

On top of Social Security. In today's dollars.

Assumptions

Show rates as

As quotedAPRAPY

"As quoted" shows each rate the way lenders and banks quote it. Results don't change.

Yearly return

Inflation

The 7% return and 3% inflation (definition, opens in a new tab) to start are illustrations, not promises. Real returns go up and down from year to year. The return is a true yearly rate, so 7% means $100 grows to $107 in a year. Inflation is always a plain yearly rate.

Return: 7.00% APY (6.78% APR (definition, opens in a new tab))

APR vs. APY: why the same rate has two numbers

APR (annual percentage rate) is the yearly rate before compounding (definition, opens in a new tab).APY (annual percentage yield) is what you actually pay or earn in a year once interest (definition, opens in a new tab) starts charging, or earning, interest of its own.

Lenders quote APR because it's the smaller number. Banks quote savings in APY because it's the bigger one. A 9.00% APR car loan charged monthly costs 9.38% a year. A 24.00% APR card charged daily costs 27.11%. A 5.00% APY savings account is a 4.89% APR.

To compare any two rates fairly, put them in the same unit. "Show rates as" switches every rate on the page; the results don't change, because the rate underneath doesn't.

How each kind of rate is applied on this site
Kind of rate	Quoted as	How it's applied
Car, mortgage and personal loans	APR	APR ÷ 12, each month
Credit cards	APR	APR ÷ 365, each day, compounded
Savings	APY	Monthly, from the APY
Investment returns	Yearly (APY basis)	Monthly: (1 + rate)^1/12 − 1

A loan's APR can include some fees as well as interest, so turning it into an APY here covers interest only. Inflation is always a plain yearly rate.

At age 67 you could have

You put in: $0
Growth: $0
Your goal: $0

Your savings by age, in today's dollars

What this means

How the goal is set: a common rule of thumb says you can withdraw about 4% of your savings in your first year of retirement, then adjust for inflation, and have a good chance of the money lasting around 30 years. So you'd need about 25 times the yearly income you want.

Social Security will likely cover part of your needs. See your personal estimate atmy Social Security.

Educational estimate only. Returns vary and aren't guaranteed, and this doesn't include taxes, fees or changes in your income. Consider talking to a credentialed professional about your plan.

See the year-by-year table

Age	You put in	Growth	Balance