Find out when you can retire and how much you'll have
This calculator uses the widely-cited 4% safe withdrawal rate — the principle that you can withdraw 4% of your portfolio annually in retirement with a very high probability your money lasts 30+ years. To generate $60,000/year, you need $1.5M in savings.
Social Security benefits are factored in as guaranteed income, reducing the portfolio size you need. Inflation is applied to calculate how much your desired income actually needs to be in future dollars.
Projections assume constant returns. Actual investment performance varies. Consult a financial advisor for personalized retirement planning.