Retirement calculator

What does retirement look like for you? Maybe it's a future with your child's education paid for, a nest egg that allows you to decide whether or not you continue working (PDF), or having the financial means to take care of your family.

It all leads to the same questions: How do I calculate how much I need to retire, and will my money last through retirement?

Use our retirement calculator to see if you are saving enough

Retirement calculator FAQs

How do I calculate how much I need to retire?

An industry rule of thumb for estimating how much retirement savings you'll need is to assume you'll withdraw 4% of your retirement savings each year in retirement. Age, time horizon, life expectancy, expenses and your personal goals are factors that will impact your withdrawal rate, but no single rate or strategy will work for everyone.

What is a "good" monthly retirement income?

A good monthly retirement income is any amount that allows you to live your expected lifestyle. When working with an Edward Jones financial advisor, they'll look at your portfolio withdrawal rate and your portfolio reliance rate, which is how much you'll rely on your portfolio for retirement income, while considering your full financial picture. Keep in mind that a "good" monthly retirement income varies from person to person and includes other basic factors such as:

What is the "power of three" for retirement?

The "power of three" is the amount invested, the rate of return and time in the market. The time you allow your retirement funds to grow, the amount of money you invest, and the rate of return on your retirement funds impact how much your account could grow. All are important factors in determining if you can achieve your goals in retirement.

Important Information

This calculator is for illustrative purposes only and does not reflect the performance of any specific investment. It does not take into account the deduction of any fees or taxes. There is no guarantee that the rate of return can actually be achieved. Investments offering the potential for higher rates or return also involve a higher degree of risk.