What does retirement look like for you? Maybe it’s a future with college paid for, your retirement secured, and your family taken care of. No matter what it looks like, enter a few simple metrics in the calculator below to find out where you stand now.
Retirement calculator FAQs
What is the 4% rule for retirement savings?
An industry rule of thumb for estimating how much retirement savings you'll need is to assume you'll withdraw 4% of your retirement savings each year in retirement. Age, time horizon and goals are factors that will impact your withdrawal rate, but no single rate or strategy will work for everyone.
What is a good monthly retirement income?
A good monthly retirement income is any amount that allows you to live your expected lifestyle. When working with an Edward Jones financial advisor, they'll look at your portfolio withdrawal rate and your portfolio reliance rate, which is how much you'll rely on your portfolio for retirement income. Keep in mind that a "good" monthly retirement income varies from person to person.
What is the power of three for retirement?
The power of three is time in the market, the amount invested, and the rate of return. The time you allow your retirement funds to grow, the amount of money you invest, and the rate of return on your retirement funds impact how much your account could grow. All are important factors in determining if you can achieve your goals in retirement.
This calculator is for illustrative purposes only and does not reflect the performance of any specific investment. It does not take into account the deduction of any fees or taxes. There is no guarantee that the rate of return can actually be achieved. Investments offering the potential for higher rates or return also involve a higher degree of risk.