A question that is often asked is “When can I retire?” The most important factor in answering that question is your savings rate.
The higher your savings rate, the sooner you can reach financial independence based on your current spending.
When your Able to Draw exceeds your Desired Income you are financially independent.
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Please note: This calculator is optimized for Desktop viewing. On Mobile, horizontal view is better but not ideal due to the large datasets
Person 1
Income:Annual Savings Percentage (%):
Employer Match (%):
Portfolio Value:
Pay Increase (%):
Person 2
Income:Annual Savings Percentage: %
Employer Match: %
Portfolio Value:
Pay Increase: %
Additional Data
Annual Return (%):Inflation Rate (%):
Desired Withdrawl Rate (%):
% of Current Income Needed in Retirement:
Savings Rate
saving rate data
Gross Savings ÷ Gross Income
FI Target AmountcombinedPortfolio
Based on current input
Years Until FI
number of rows
Based on current savings rate
Yearly Breakdown
Definitions
Income
Enter current income
Annual Savings (%)
Enter the % of your salary you’re currently saving each year
Employer Match (%)
Enter the % of your salary your employer matches each year
Porfolio Value
Enter your current portfolio value
Pay Increase (%)
Enter your expected annual pay increase percentage
Annual Return (%)
Enter a return rate that you expect your investments to earn over time
Inflation Rate (%)
Enter a value to account for inflation each year
Desired Withdraw Rate (%)
Enter your desired withdraw rate. (LeanFI ~5%,Fi ~4%, FatFI ~3%)
% of Current Income Needed in Retirement
Enter the % of your current income (today’s dollars) needed in retirement, we account for inflation for you