Retirement Savings Calculator
Project how your retirement savings will grow over time using compound interest. Based on standard financial planning assumptions (7% nominal return, 3% inflation adjustment = ~4% real return).
Projected Retirement Balance
This tool is for informational purposes only and does not constitute financial advice. Consult a professional financial advisor or CFP for a personalized retirement plan. Past investment performance does not guarantee future results.
IRS Retirement Contribution Limits (2024)
| Account Type | Annual Limit | Catch-up (50+) |
|---|---|---|
| 401(k), 403(b) | $23,000 | +$7,500 |
| IRA (Traditional/Roth) | $7,000 | +$1,000 |
| SIMPLE IRA | $16,000 | +$3,500 |
| SEP-IRA | 25% of comp or $69,000 | N/A |
4% Rule: A commonly cited withdrawal rate where a portfolio can sustain 30 years of withdrawals. Projected savings ÷ 0.04 = sustainable annual income estimate.
References & Methodology
- Bengen, W.P. (1994) — "Determining Withdrawal Rates Using Historical Data." Journal of Financial Planning 7(4). Original research establishing the 4% sustainable withdrawal guideline.
- Vanguard — How America Saves (2023) — Annual 401(k) benchmarking report; median balances, contribution rates, and retirement readiness data.
- Internal Revenue Service (IRS) Publication 590-A & 560 — Retirement plan contribution limits, catch-up provisions, and tax treatment of retirement accounts.