Retirement Calculator

Current Savings: Existing retirement savings amount

Monthly Savings: Monthly contribution to retirement savings

Annual Return Rate: Expected annual return rate on investments

Annual Expenses: Annual living expenses after retirement

Life Expectancy: Used to calculate total retirement needs

• 4% Rule: 4% of retirement savings can be used as annual expenses

• Income Replacement Rate: Retirement income should be 70-80% of working income

• Inflation Consideration: Consider 3% annual inflation rate

• Diversified Investment: Diversify investments to reduce risk

• Regular Adjustment: Adjust savings plan according to circumstances

• Young age: Stock funds (6-8% annual return)

• Middle age: Balanced funds (5-7% annual return)

• Near retirement: Bond funds (3-5% annual return)

• After retirement: Conservative investments (2-4% annual return)