Retirement Savings Calculator
See if you're on track for retirement and how your savings will grow by the time you retire.
Retirement Benchmarks
| Age | Savings Target |
|---|---|
| 30 | 1× annual salary |
| 40 | 3× annual salary |
| 50 | 6× annual salary |
| 60 | 8× annual salary |
| 67 | 10× annual salary |
Source: Fidelity Investments guidelines. Assumes retiring at 67.
Frequently Asked Questions
A common guideline is to save 10–15% of your income throughout your career. Fidelity suggests having 1× salary saved by 30, 3× by 40, 6× by 50, 8× by 60, and 10× by retirement at 67.
Using the 4% rule, multiply your desired annual retirement income by 25. For $60,000/yr, you need $1.5M saved. Adjust based on Social Security income and other sources.
As early as possible. Starting at 25 vs. 35 with the same monthly contribution can result in nearly double the final balance due to compounding. Time in market beats timing the market.