Retirement
How Much Do I Need to Retire? A Clear, Numbers-Based Answer
The 4% rule, the multiply-by-25 approach, healthcare costs ($315K+), and Social Security -- here's exactly how much you need to retire at different spending levels.
401k/IRA Optimizer
Are you leaving free money on the table? Check employer match, Roth vs Traditional, catch-up contributions, and optimal allocation.
401(k)/IRA Optimizer
Are you leaving free money on the table? Let's check your employer match.
$
$0$500,000
4.0%
0.0%25.0%
This is your employee contribution percentage
50.0%
0.0%100.0%
Common: 50% (50 cents per dollar) or 100% (dollar for dollar)
You're leaving $850/year in free money on the table.
Here's what I'd tell a friend
Your employer would give you $850 more per year if you increased your contribution from 4.0% to at least 6.0%. That's $2,550/year in employer match — money that's part of your compensation that you're not collecting. Over 20 years, this could grow to an extra $111,856.
Your current annual contribution
$3,400 (4.0%)
Employer match you receive
$1,700/year
Employer match left on table
$850/year
Increase to 6.0% to capture the full match
Projected balance (current plan, 20 yrs)
$320,455
Projected balance (full match, 20 yrs)
$432,311
Projected balance (max out, 20 yrs)
$1,239,430
2024 contribution limit
$23,500
Under 50 — no catch-up yet
Traditional: tax savings now
$1,224/year
Save $1,224/yr in taxes now
Roth: tax-free at retirement
$963,515
$963,515 tax-free at retirement
Traditional after-tax at retirement
$751,542
Assumes 22.0% tax rate in retirement
The Money Friend
You're leaving $850/year in free money on the table.
Send this to your partner or a friend
Want personalized tips for your situation?
We'll send one useful tip per week. Unsubscribe anytime.
We respect your privacy. Your information is stored securely and never shared with third parties. You can unsubscribe at any time.
This calculator provides estimates for informational purposes only and does not constitute financial advice. Actual costs may vary based on your creditworthiness, location, and lender. Consult a licensed financial advisor or mortgage professional before making financial decisions.
Interest rates, payments, and loan terms shown are examples for illustration purposes only and do not represent an offer to lend, a commitment to make a loan, or a guarantee of any specific rate or term. Actual rates and terms are determined by lenders based on your individual credit profile and may differ from examples shown.
Past performance and historical data do not guarantee future results. Equal Housing Opportunity.