Retirement Calculator 2025
Plan your financial future with our comprehensive retirement calculator. Calculate retirement savings needs, Social Security benefits, 401k projections, and create a complete retirement income strategy.
Comprehensive Retirement Calculator
Enter your information to calculate retirement savings needs and income projections
Retirement Planning Guide (2025)
Retirement Savings Targets
Age-Based Savings Milestones
- Age 30: 1x annual salary saved
- Age 40: 3x annual salary saved
- Age 50: 6x annual salary saved
- Age 60: 8x annual salary saved
- Age 67: 10x annual salary saved
Retirement Income Rule
Plan to replace 70-90% of pre-retirement income through a combination of Social Security, employer plans, and personal savings.
Social Security Benefits 2025
Full Retirement Age
- Born 1943-1954: Age 66
- Born 1955: Age 66 and 2 months
- Born 1956: Age 66 and 4 months
- Born 1957: Age 66 and 6 months
- Born 1958: Age 66 and 8 months
- Born 1959: Age 66 and 10 months
- Born 1960+: Age 67
2025 Social Security Limits
Maximum Benefit: $4,873/month at full retirement age
Average Benefit: $1,907/month for retired workers
COLA Increase: 2.5% for 2025
Retirement Account Limits 2025
401(k) Contribution Limits
- Employee Limit: $23,500
- Catch-up (50+): Additional $7,500
- Total Limit: $70,000 (employee + employer)
IRA Contribution Limits
- Traditional/Roth IRA: $7,000
- Catch-up (50+): Additional $1,000
- Total for 50+: $8,000
Retirement Planning Strategies
The 4% Rule
Withdraw 4% of your retirement portfolio annually. This rule suggests you can safely withdraw 4% of your retirement savings each year without running out of money.
Asset Allocation by Age
- 20s-30s: 80-90% stocks, 10-20% bonds
- 40s: 70-80% stocks, 20-30% bonds
- 50s: 60-70% stocks, 30-40% bonds
- 60s+: 40-60% stocks, 40-60% bonds
Retirement Planning Examples (2025)
Early Career (Age 25)
Current Age: 25
Annual Income: $60,000
Current Savings: $5,000
Savings Rate: 15% of income
Retirement Goal: Age 65
40-Year Retirement Plan
Mid-Career (Age 40)
Current Age: 40
Annual Income: $100,000
Current Savings: $200,000
Savings Rate: 20% of income
Retirement Goal: Age 65
25-Year Retirement Plan
Late Career (Age 55)
Current Age: 55
Annual Income: $120,000
Current Savings: $500,000
Savings Rate: 25% + catch-up
Retirement Goal: Age 65
10-Year Retirement Sprint
Aggressive Saver (Age 30)
Current Age: 30
Annual Income: $85,000
Current Savings: $75,000
Savings Rate: 30% of income
Retirement Goal: Age 55 (FIRE)
25-Year FIRE Plan
Frequently Asked Questions About Retirement Planning
Financial experts recommend saving 10-15% of your income for retirement. Aim to have 10x your annual salary saved by age 67. Use age-based milestones: 1x salary by 30, 3x by 40, 6x by 50, and 8x by 60.
The 4% rule suggests withdrawing 4% of your retirement portfolio annually. This means you need 25x your annual expenses saved for retirement. For example, if you need $60,000/year, save $1.5 million.
You can start collecting reduced Social Security benefits at age 62. Full retirement age is 66-67 depending on birth year. Delaying until age 70 increases benefits by 8% per year after full retirement age.
First, contribute enough to your 401k to get the full employer match. Then maximize IRA contributions ($7,000 in 2025, $8,000 if 50+). Finally, return to 401k up to the limit ($23,500 in 2025, $31,000 if 50+).
Important Retirement Planning Information
Retirement planning involves many variables and assumptions about future market performance, inflation, and personal circumstances. This calculator provides estimates for planning purposes and should not be considered financial advice. Actual results may vary significantly. Consider consulting with a qualified financial advisor for personalized retirement planning. Social Security benefits are subject to change based on future legislation. Investment returns are not guaranteed and past performance does not predict future results.