Am I on Track for Retirement?
A quick check of your retirement savings against the rule of thumb Calamita Wealth Management uses with clients. It's a starting point for a conversation, not a plan.
401(k)s, IRAs, and other savings set aside for retirement.
Enter your age, income, and savings to see where you stand.
Your savings
0x
your income
Benchmark at age 50
0x
range 0x to 0x
Benchmark in dollars: $0.
A rule of thumb, not investment advice and not a recommendation.
Keep saving
On the savings side, we generally look for at least 15% of income going in each year, counting the employer match. Higher earners usually need to save more than that, since Social Security replaces a smaller share of what they were making.
The benchmarks
- Age 35: 1x your income (range 0.5x to 1.5x)
- Age 45: 3x your income (range 2x to 4x)
- Age 55: 7x your income (range 5x to 9x)
- Age 65: 11x your income (range 8x to 14x)
Everyone's situation is different. If you'd like to know what your own numbers mean, including your spending, Social Security, and when you want to retire, we'd be glad to help.
See how we work with clientsHow this works, and its limits
Tap any heading to read the details.
How the benchmark works
The benchmarks are a rule of thumb Calamita Wealth Management uses with clients, stated as a multiple of current income at ages 35, 45, 55, and 65. For ages in between, the calculator fills in the benchmark and range in a straight line between the nearest two ages. Your savings multiple is your current retirement savings divided by your annual income.
Limitations
- A rule of thumb can't account for your situation. It doesn't consider your spending, Social Security, pensions, other assets or debts, health, or when you plan to retire.
- It isn't a projection. It doesn't estimate future investment returns or whether your savings will last.
- Being below the range doesn't mean you can't retire comfortably, and being above it doesn't mean you can.
Not advice
This tool is educational and general. It doesn't select or recommend any investment and isn't personalized investment, tax, or legal advice.
Your privacy
This calculator runs entirely in your browser. Nothing you enter is sent to us or stored.