For a Quick Estimate of how much you need to save, enter your age, how much you normally earn each year, and how much you’ve already saved for retirement.

• Then go to Advanced, below, to  assess your risks & see what else you might do to square away your retirement plan. 

Please fill all required fields

header-column		You	SpousePartnerI'm Single
input	Yearly Income
input	Age	020212223242526272829303132333435363738394041424344454647484950	020212223242526272829303132333435363738394041424344454647484950
input	Retirement Savings
text
header-small	Your Retirement Saving Targets:
input results-small	Saving Rate, including employer contributions
input results-small	Savings in 10 years
text
text
header-marker	Advanced
header-orange	Adjust Your Plan
input	You Retire at Age	636567
input	You Invest in a	Less Aggressive TDFTarget Date FundMore Aggressive TDF
input	After Age 45 You	Save the Same %Save 4% More
header-orange	Assess Your Risks
input	Social Security Benefits Cut	010%20%
input	Investment Returns Over Next 10 Years	Expected ReturnsBad Returns
text
header-marker	Our Projections
header-orange	In today's dollars, for "average" workers
input results-small	Household Income in Your 50s
input results-small	Retirement Income to Maintain Your Lifestyle
input results-small	Social Security Benefit
input results-small	Income Needed from Savings
input results-small	Savings Needed at Retirement (25x)

Retirement Age: The age you intend to retire.  Your spouse or partner, if you have one, is assumed to retire at the same time.

Target Date Funds: TDFs are mutual funds that shift your savings from stocks to bonds as you age.  A “more aggressive” TDF targets a more distant retirement age and invests more of your savings in stocks.  A “less aggressive” TDF targets a closer retirement age and invests less of your savings in stocks.  For more, see Learn About Mutual Funds.

Investment Returns: Average returns for stocks and bonds since 1927, less 0.25% in mutual fund fees. “Bad returns” are returns over the decade 2000-2009.

Social Security Benefit Cuts: A 10% cut would eliminate about half the program’s financing shortfall, with increased revenues needed to eliminate the rest.

You need to save MORE if your earnings and standard of living rise faster than average.  

You also need to save LESS if your earnings and standard of living rise slower than average, if you will get an employer pension (that pays a set amount each month as long as you live) or if you will downsize or otherwise reduce your expenses in retirement.

DISCLAIMER: The information provided on the SquaredAway website is for educational purposes only.  It is not intended to provide personal financial advice.