Retirement Savings Calculator
Estimate how much you need to save for retirement based on your current age, income, and savings rate.
Retirement Strategies
Explore different approaches to retirement planning based on your goals and risk tolerance.
Aggressive Growth
High-risk, high-reward strategy with 80-90% in stocks. Best for young investors with long time horizons.
Balanced Approach
60% stocks, 40% bonds. Provides growth while reducing volatility as retirement nears.
Conservative
30% stocks, 70% bonds/fixed income. Focuses on capital preservation for near-retirees.
Coast FIRE
Save aggressively early, then reduce contributions while letting investments grow.
Expert Tip: "Diversify across asset classes and consider low-cost index funds to maximize returns while minimizing fees." — Sarah Johnson, CFP®
Retirement Accounts Compared
Understand the different tax-advantaged retirement accounts available to you.
Key Account Types
- 401(k)/403(b): Employer-sponsored plans with potential matching contributions
- Traditional IRA: Tax-deductible contributions, taxed at withdrawal
- Roth IRA: After-tax contributions, tax-free growth and withdrawals
- HSA: Triple tax-advantaged when used for medical expenses
10 Essential Retirement Tips
Actionable advice to boost your retirement savings and security.
Start early – Even small amounts grow significantly over time due to compounding.
Maximize employer matches – This is free money toward your retirement.
Increase contributions annually – Aim to save 15-20% of your income.
Diversify investments – Don't put all your eggs in one basket.
Consider Roth options – Tax-free withdrawals can be valuable in retirement.
Plan for healthcare costs – Medicare doesn't cover everything.
Delay Social Security – Benefits increase by 8% annually until age 70.
Reduce fees – High fees can erode thousands from your savings.
Create multiple income streams – Pensions, rentals, part-time work.
Test your retirement budget – Try living on it before retiring.