Early Retirement Calculator: How Much in Savings Might You Need?

When you would like to retire.

The monthly benefit you expect to receive from social security, if you take it at age 70.

The amount you expect to spend per year in retirement. As a rule of thumb, you can assume this to be 80% of your spending while working, but this should be adjusted for your personal circumstances.

The amount you expect to have in savings when you retire.

Calculates a withdrawal amount based on the Variable Percentage Withdrawal method. If you allocate more to stocks, you can withdraw more, but you will need to reduce your spending by a greater amount in the event of a stock market crash.

The expected cut to Social Security benefits. In the future, the Social Security program is expected to run into funding issues, which may reduce benefits.