Are you on track for retirement? Use our calculator to check your progress.
How the calculator works: Start with initial values such as your starting salary, your estimated tax rate, age,
When calculating your target retirement savings, our default assumptions include:
- Retirement age of 65 (when most people will receive full Social Security benefits).
- A 6% rate of return before retirement and a 5% rate of return during retirement (assuming a more conservative portfolio).
- A 3% average annual inflation rate.
- Salary increases of 2% per year.
- Life expectancy of 95.