How much should I save for retirement?

Retirement can be a richly rewarding period of your life if you have prepared financially. In addition to meeting your living expenses, adequate income during retirement will allow you to serve missions, help family members, and volunteer in your community.

This calculator will help you evaluate how well you have prepared and consider what you can do to improve your retirement outlook.

Income/Savings
Your current age 
Current annual income ($) 
Spouse's annual income (if applicable) ($) 
Current retirement savings ($) 
Desired retirement age 
Number of years of retirement income 
Assumptions
Expected inflation (%)help
Income replacement at retirement (%) 
Pre-retirement investment return (%)help
Post-retirement investment return (%)help
Social Security
Include Social Security (SS) benefits? 
Marital status (For SS purposes only) 
Social Security override amount
(monthly amount in today's dollars) ($)
help
This calculator is provided courtesy of CalcXML to assist you in planning for your future. The quality of the analysis is the result of information you provide. The accuracy of this calculator and its applicability to your circumstances is not guaranteed.

Analysis is provided for general illustration and/or informational purposes only and is not to be construed as tax, legal, or investment advice. Although the calculator is based on information from sources believed to be reliable, accuracy and individual circumstances can vary. The information should be relied upon only when coordinated with individual advice from qualified professionals.

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