Retirement Calculator

Calculator Inputs

Personal Information

Current Age

Retirement Age

Annual Salary

Annual Salary Increase

Account Details

Retirement Account Type

Roth 401(k) Traditional 401(k) Roth IRA Traditional IRA

Roth 401(k): Contributions are post-tax. Growth and qualified withdrawals in retirement are completely tax-free (federal & most states).

Employee Contribution

Employer Match

100% match on first X% of salary contributed

Initial Investment

Initial Investment (Current Balance)

If you know the Roth/pre-tax split of your current balance, enter it below (optional).

Roth (Post-Tax) Portion OPTIONAL

Your personal post-tax contributions in current balance

Employer / Pre-Tax Portion OPTIONAL

Employer match & any traditional/pre-tax contributions

Location & Taxes

State

County / City

Custom Local Tax Rate (if applicable) OPTIONAL

Overrides county selection if non-zero. OH & PA residents: enter your local rate here.

Returns & Inflation

Expected Annual Rate of Return

For reference, the historical average annual market return is 9–10%.

Average Annual Inflation Rate

For reference, the historical average annual inflation rate is 2–4%.

Salary Promotions OPTIONAL

Model future salary jumps. Each promotion takes effect at the specified age — annual salary growth continues from the new base. Leave contribution fields blank to keep your original percentages.

Pension(s) OPTIONAL

Add any pension income you expect to receive at retirement. Enter a yearly or monthly amount and an optional annual cost-of-living adjustment (COLA). Multiple pensions can be added.

IRA(s) OPTIONAL

Add any IRA contributions you make annually. IRA limits are separate from your 401(k) limits — you can contribute to both. Multiple IRAs can be added.

HSA(s) OPTIONAL

Add any Health Savings Account (HSA) contributions. HSA growth is projected separately using the same annual return rate as your 401(k). Multiple HSAs can be added.

Portfolio Growth OverviewHover over chart to see values at each age

Nominal Value

Real Value (Today's $)

Total Contributed

Portfolio Summary at Retirement

Tax Summary

Year-by-Year Breakdown

Estimated Annual Withdrawal at Retirement

Custom Withdrawal Rate

* Based on common safe withdrawal rate research. Actual sustainable rates depend on investment mix, market conditions, sequence of returns, and retirement length. Roth 401(k) withdrawals are federal income-tax-free (and tax-free in most states). Traditional 401(k) withdrawals are taxed as ordinary income. This calculator assumes single-filer status as the most conservative tax scenario. Consult a licensed financial advisor for personalized guidance.

Retirement Drawdown Projection Projects your balance through retirement based on withdrawals & continued growth

Withdrawal Method

Fixed Dollar Amount

Withdraws a fixed dollar amount each year based on the selected rate applied to your retirement balance — calculated once at retirement. Simple and predictable, but your balance may deplete faster if portfolio returns lag withdrawals.

Fixed Percentage of Remaining Balance

Withdraws the selected percentage of your remaining balance each year. The dollar amount adjusts as your portfolio grows or shrinks — you technically never fully run out, but your income decreases as your balance does.

Inflation-Adjusted Fixed Amount

Starts with the selected rate applied to your retirement balance, then increases the withdrawal amount each year by your inflation rate. Best for maintaining purchasing power over time, but the most aggressive approach on your portfolio balance.

Portfolio Return Rate During Retirement

Many planners use a lower rate (4–5%) during retirement to reflect a more conservative, income-focused allocation. Default: 4%.

Project to Age OPTIONAL — default 85

Leave blank to default to age 85.

Withdrawal Rate

Default is 3%. Select "Custom Rate (CWR)" to use the rate from the Custom Withdrawal Rate field above.