Retirement Savings Calculator order to retire comfortably, you’ll need a nest egg big enough to cover your expenses. The amount will vary depending on your plans and lifestyle, but a good rule of thumb is that you’ll need 70% of your pre-retirement income to live the way you want in retirement. This retirement savings calculator will estimate how much you’ll need and help you determine whether you’re on track to save enough.

Enter your current savings balances and annual contributions to see where you stand. You can also set a target savings rate and select an anticipated retirement age to get an idea of how much you’ll need to save to reach your goals. This calculator uses compound interest, salary increases and projected rates of return to help you get an accurate picture of your future.

Annual Pre-tax Income

This is your total annual household income before taxes are deducted. It’s typically your salary or business earnings. You can also use the calculator to determine your potential retirement income by entering an estimate of your annual withdrawals in retirement. This is based on a 4% withdrawal rate (an industry rule of thumb) but may not be appropriate for your situation.

You can select the type of assets you’d like to include in your portfolio to better model your savings and withdrawals in retirement. This includes 401(k)s, individual retirement accounts (IRAs), 403(b)s, governmental 457(b)s, annuities and other tax-deferred investments. You can also choose to factor in inflation.