Find out exactly when you can stop working based on your savings, spending needs, and investment growth.
When can you actually stop working? It's not as simple as "age 65." This free retirement age calculator factors in your current savings, monthly contributions, desired retirement spending, and expected investment returns to project the exact age you'll reach financial independence. Using the classic 4% withdrawal rule, you'll see how your savings, spending rate, and investment growth interact to determine your retirement date.
The most common rule of thumb: withdraw 4% of your savings in the first year of retirement, then adjust for inflation. This gives you about a 95% chance of your money lasting 30 years.
That means you need roughly 25× your annual spending saved up before you can retire. Want $60,000 a year? You need $1.5 million.
Healthcare is the biggest wild card in retirement. Fidelity estimates a 65-year-old couple needs $300,000+ in healthcare costs alone. Plan for it.
If you retire at 62 and live to 90, that's 28 years. The 4% rule is designed for a 30-year retirement horizon — don't cut it close.
Yes, if your savings rate is high enough. The FIRE movement (Financial Independence, Retire Early) targets saving 50%+ of your income, which can get you to retirement in your 40s or even 30s.
Social Security kicks in at 62 at the earliest, but your benefit is reduced if you take it before full retirement age (66–67). Many early retirees bridge the gap between their savings running out and Social Security starting.
It's based on US market data from 1926 onward. In low-return environments, some advisors suggest 3–3.5% instead. Use it as a starting point, not a guarantee.