Retirement Calculator
Determine how much you need to save, estimate your projected nest egg balance, and see if your retirement plan is on track.
Your Retirement Details
Your projected 4% annual withdrawal of $5,795/mo exceeds your target of $5,000/mo.
How Retirement Projections Work
Finova calculates your retirement nest egg by compounding your existing principal and recurring monthly deposits (including employer 401(k) matches) over your remaining working years.
The 4% Safe Withdrawal Rule
The 4% rule originated from the Trinity Study, which found that an investment portfolio consisting of 50% to 75% stocks and the rest in bonds has historically sustained annual withdrawals of 4% of the initial portfolio value for at least 30 years without running out of funds.
For instance, a nest egg of $1,500,000 yields approximately $60,000 annually or $5,000 per month before taxes.
Frequently Asked Questions
This calculator focuses specifically on your self-directed portfolio (401k, IRA, taxable investments). Social Security benefits will provide additional monthly income on top of your portfolio withdrawals.
Retiring just 2 or 3 years earlier or later has a major impact because it gives your money more time to compound and reduces the number of years you need to fund in retirement.