While our Retirement Income Calculator will provide a snapshot based on your current situation, your chances of success may change as your situation changes. We encourage you to revisit this calculator on a regular basis to check your progress and especially after major personal financial events. How much should you set aside for retirement? While each person's situation is different, a good rule of thumb is to save 15% of your salary, which includes any company matches. To provide a more realistic assessment of what the future may hold, our Retirement Income Calculator uses a Monte Carlo Simulation technique that generates 1,000 hypothetical market simulations to show you the full range of possible outcomes. As you consider your future expenses, we believe that your goal should be to replace approximately 75% of your current salary each year — we estimate that 50% will come from your personal investments, 20% from Social Security, and 5% from other income sources. While our Retirement Income Calculator will provide a snapshot based on your current situation, your chances of success may change as your situation changes. We encourage you to revisit this calculator on a regular basis to check your progress and especially after major personal financial events. If you're over age 50 and feel like it might be a good idea to save a little extra, you're entitled to make "catch-up contributions" to your Traditional or Roth IRA. To provide a more realistic assessment of what the future may hold, our Retirement Income Calculator uses a Monte Carlo Simulation technique that generates 1,000 hypothetical market simulations to show you the full range of possible outcomes. As you consider your future expenses, we believe that your goal should be to replace approximately 75% of your current salary each year — we estimate that 50% will come from your personal investments, 20% from Social Security, and 5% from other income sources. While our Retirement Income Calculator will provide a snapshot based on your current situation, your chances of success may change as your situation changes. We encourage you to revisit this calculator on a regular basis to check your progress and especially after major personal financial events. As you begin making withdrawals from your retirement savings, it's important to create a well thought out plan to ensure that your savings last a lifetime. To provide a more realistic assessment of what the future may hold, our Retirement Income Calculator uses a Monte Carlo Simulation technique that generates 1,000 hypothetical market simulations to show you the full range of possible outcomes. To ensure your money lasts throughout your retirement, our research suggests you should withdraw about 4% of your total assets during the first year of retirement, increasing that amount by 3% each year to account for inflation.