Retirement Savings Calculator — Are You On Track to Retire?
Calculate if you're saving enough for retirement and how to bridge the gap.
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Key Facts
Updated April 2026
- 2026 401k limit: $24,000 ($31,500 if 50+)
- 2026 IRA limit: $7,500 ($8,500 if 50+)
- The 4% rule: withdraw 4% of savings per year in retirement
- Social Security full retirement age: 67 for those born 1960+
- Average Social Security benefit: $1,970/month (2026)
Pro Tips
The single most powerful retirement move: start now and never stop. Consistency beats amount. $200/month from age 25 beats $500/month from age 40.
Catch-up contributions after 50 are your best friend if you started late. The extra $7,500/year in your 401k grows to $150,000+ over 15 years at 7%.
Consider a Roth IRA if you are under 40 and in a lower tax bracket now than you expect in retirement. Tax-free withdrawals in retirement are extremely valuable.
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