How Much Do I Need to Save for Retirement?

Find out how much you need to save for retirement based on your income, goals, and timeline. Use the calculator to see if you're on track and how to adjust your plan.

Last Edited by: LPL Financial

Last Updated: December 03, 2025

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Retirement Savings Calculator: Start Here

Evaluate your retirement readiness with three easy steps:

  1. Click on the income savings tab. Enter your age, yearly income, how much you’ve already saved for retirement, and the age you plan to retire.
  2. Click on the assumptions tab. Enter the expected inflation rate, your estimated investment returns before and after retirement, and the percentage of your current income you’ll want to replace in retirement.
  3. Click on the Social Security tab: Choose whether to include Social Security in your plan and enter a custom amount if you want to override the default estimate.

Understanding Your Retirement Projections

You’ll get a simple answer about whether your savings are on track, plus a visual chart showing how your retirement balance could change over time. A detailed table breaks it down year by year, including salary increases, investment growth, and withdrawals, so you can see how your money might work for you throughout retirement.

Take a Deeper Dive

Continue exploring actionable insights to fuel your financial future.



Disclosures

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This is for illustrative purposes only. Your results may vary.

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