Retirement Savings Calculator
Calculate how much you need to retire, whether you are on track, and how to close any gap with adjustments to savings rate or timeline.
Retirement Inputs
✓ ON TRACK
Projected at age 65 · Need $960,000
2026 Contribution Limits
401(k): $23,500/yr ($31,000 if 50+)
IRA: $7,000/yr ($8,000 if 50+)
RRSP (Canada): 18% of prior income, max $32,490
TFSA (Canada): $7,000/yr
Frequently Asked Questions
How much do I need to retire?
A common rule: 25× your annual expenses (4% rule). For $60,000/year lifestyle: $1.5M needed. Fidelity suggests 10× your final salary by retirement age 67.
How much should I save each month?
The general guideline is 15% of gross income including employer match. Earlier savers can contribute less; late starters need to increase this significantly.
What are 2026 contribution limits?
401(k): $23,500/year ($31,000 if 50+). IRA: $7,000/year ($8,000 if 50+). TFSA (Canada): $7,000/year. RRSP (Canada): 18% of prior year income, max $32,490.
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For educational purposes only. Not financial advice. Consult a qualified advisor before making investment decisions.