Are You On Track For Financial Independence?

Even in your prime earning years, it's easy to feel like you're falling behind. But until you actually run the numbers, it's hard to know if that's true. Enter a few details to estimate where you stand, and — if there is a gap — how much you need to close it.

Results are for illustrative purposes only and do not constitute financial advice. Default assumptions: retirement at 60, life expectancy of 95, 8% pre-retirement return, 5% post-retirement return, 2% inflation, 3% annual salary increase. Does not account for taxes on withdrawals.

Your details

Current Age40
Retirement Age60

Annual Pre-Tax Income

$

Current Retirement Savings

$
Monthly Contribution$2,500
15% of annual income

Retirement spending

Monthly Budget in Retirement?
80%
80% of projected income = $24,081/mo
Other Monthly Income (SS, pension)$0

Advanced details

102%On Track
What You'll Have$6.37M
What You'll Need$6.26M

+$110,866 surplus (about $264/mo)

AD

You're ahead of schedule

Curious if your plan has gaps?

A calculator shows you where you stand. A financial advisor gives you a roadmap.

NerdWallet Wealth Partners, LLC ("NWWP") is an SEC-registered investment adviser. Registration does not imply skill or training. All investments involve risk, including potential loss of principal.

How it works

Monthly budget at retirement$24,081/mo
Other income at retirement (inflation-adjusted)$0/mo
Amount needed from savings per month?$24,081/mo
Portfolio needed at retirement$6.26M
Your projected portfolio$6.37M