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When Can I Retire?

When can I retire?

Enter your savings and the retirement you want and see the earliest age your money could cover it.

One Click Answers · When Can I Retire?
oneclickanswers.com/when-can-i-retire · Printed
About this tool & how to use it

What it does

Enter your age, savings, yearly saving and the spending you want in retirement to see the earliest age your savings could cover it, with a year-by-year projection.

How to use it

  1. Enter your age, what you have saved and what you add each year, counting any employer match.
  2. Enter the yearly return you expect after inflation, and the yearly spending you want in retirement in today's dollars.
  3. Add Social Security or pension income if you expect it, and change the withdrawal rate if you want to be more or less cautious.
  4. Read the earliest age, the savings needed, and the year-by-year projection.

Count your own saving and any employer match. Added at the end of each year.

Enter the return AFTER inflation so every amount stays in today's dollars. A lower number is the safer guess.

Count only income you expect to receive from the day you retire. Leave blank if none.

Shows how much you would have then and whether that is a surplus or a shortfall.

Only used in the detailed answer to show amounts in future dollars.

A rule of thumb, not a promise. A lower rate asks for more savings and is more cautious.

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Assumptions

  • Every amount is in today's dollars. Enter the return after inflation (a 7% return with 2% inflation is 5%), so spending and savings can be compared without guessing future prices.
  • Yearly additions happen at the end of each year, and the return is the same every year. Real markets rise and fall, and a bad run of years early in retirement can change the result a lot.
  • The withdrawal rate is a rule of thumb you can change, not a guarantee that savings will last. Taxes, fees, health care costs, how long you live and changes in your spending are not modelled.
  • Other income is counted from the day you retire, at the amount you enter. If your Social Security would start later, the answer here is too optimistic for the years in between.
  • Everything you enter is worked out in your browser and is never sent anywhere.

Printed from oneclickanswers.com. Results are estimates based on what was entered; see the assumptions above.

How we calculated this

The savings you need are the yearly spending your savings must cover, divided by the withdrawal rate: $50,000 / 0.04 = $1,250,000. Social Security or pension income is subtracted from the spending first, so $20,000 of other income cuts the need to $30,000 / 0.04 = $750,000.

Starting with your savings today, each year the balance is multiplied by 1 plus the yearly return and then your yearly addition is added: balance next year = balance x (1 + return) + addition.

The answer is the first age at which the balance reaches the savings needed. If that is today, you could retire now. If it does not happen by age 100, the page says so and by how much the plan falls short.

Formulas and details
  • Savings needed = (yearly spending - other yearly income, not below 0) / withdrawal rate.
  • Balance next year = balance x (1 + yearly return) + yearly addition.
  • Retirement age = the first age at which the balance is at least the savings needed.

Assumptions

  • Every amount is in today's dollars. Enter the return after inflation (a 7% return with 2% inflation is 5%), so spending and savings can be compared without guessing future prices.
  • Yearly additions happen at the end of each year, and the return is the same every year. Real markets rise and fall, and a bad run of years early in retirement can change the result a lot.
  • The withdrawal rate is a rule of thumb you can change, not a guarantee that savings will last. Taxes, fees, health care costs, how long you live and changes in your spending are not modelled.
  • Other income is counted from the day you retire, at the amount you enter. If your Social Security would start later, the answer here is too optimistic for the years in between.
  • Everything you enter is worked out in your browser and is never sent anywhere.

Example

Input: Age 35, $75,000 saved, $15,000 added each year, a 5% return after inflation, $50,000 a year of spending, no other income, a 4% withdrawal rate

Result: You could retire at about age 65, 30 years from now: about $1,250,000 is needed and the plan reaches about $1,320,728.

Questions

Is the 4% rate safe?

It is a common starting point, not a promise. Nobody can know future returns, so the box is yours to change: a lower rate asks for more savings and is more cautious.

Why enter the return after inflation?

It keeps everything in today's dollars, so the spending you type now means the same thing at retirement. Take the return you expect and subtract the inflation you expect.

What if I already have enough?

The page says you could retire now and shows the savings needed beside what you have.

Does it use my real tax situation?

No. Taxes differ by account and by place, so none are included. Treat the answer as a planning estimate and talk to a financial professional before deciding.

Last reviewed 2026-10-07. Report an incorrect result

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