Saving for retirement: How much will you need?
As a rule of thumb, count on spending 70 – 80% as much as you did while working. Some retirees, though, say they spend even more than when they were working. If you can anticipate what you’ll spend in retirement, you can take actions to prepare yourself for those costs when the time arrives.
This calculator can help you start to estimate your potential annual retirement expenses so you can see how much you’ll likely need to save by the time you retire.
Try this calculator to get a comparison
Compare these figures with or without help from Social Security
- In today's money
- In 2039 money