Retirement Calculator: Plan Your Golden Years

Build a roadmap to financial independence.

Retirement isn’t an age; it’s a financial status. Whether you are in your 20s starting your first job or in your 50s fine-tuning your exit strategy, our Retirement Calculator helps you determine if your current savings rate will meet your future needs. We factor in inflation, expected returns, and life expectancy to give you a realistic picture of your retirement readiness.

How Much Do You Actually Need?

A common rule of thumb in the US and Canada is the “80% Rule.” This suggests that you will need approximately 80% of your pre-retirement annual income to maintain your current lifestyle once you stop working.

The “4% Rule” for Withdrawals

To ensure your money lasts as long as you do, many financial planners recommend a 4% withdrawal rate in the first year of retirement, adjusted for inflation thereafter.

• The Goal: If you want to withdraw $40,000 per year, you would ideally need a nest egg of **$1,000,000**.

Protecting Your Future

On familyhealthcalc.com, we encourage users to consider three critical variables that often get overlooked:

1. Inflation: In the UK and North America, a dollar today won’t buy as much in 30 years. Our calculator allows you to set an expected inflation rate (historically ~3%).
2. Social Security & Pensions: Factor in your expected government benefits (Social Security in the US, CPP/OAS in Canada, or the State Pension in the UK).
3. Life Expectancy: With healthcare improvements, many people live 20–30 years past retirement. Your plan should account for a “long life” to avoid outliving your money.