Calculate your retirement needs

Our retirement calculator can help you test a variety of scenarios such as when you want to retire, the amount you save each year and what your living expenses may be in retirement. Enter the required fields and see where you stand today and well as how far you have to go to meet your goals.

You can feel confident that we do not store the information you include in the retirement calculator, and it is all kept private.

About your retirement calculator results

If these results are not what you were hoping for, don’t panic. Many people find themselves in the category of “you’re not okay.” This calculator estimates where you are and where you can end up. Your probability of success will move up or down as you enter different values and test a variety of scenarios. The play zone helps you see how one change can affect the rest of your retirement planning.

Get ready for retirement here

Now that you have your results, it’s time to begin planning your retirement strategy. Whether you’re ready to start on your own or are looking for help from an expert, we have options for you. Here you’ll find two main starting points: create a plan with a financial professional and open an online account with U.S. Bancorp Investments.

Create a plan with a financial professional

Work one-on-one with one of our highly skilled financial professionals to learn more and design a custom financial plan that addresses your retirement goals.

Find a wealth specialist

Open an online account with U.S. Bancorp Investments

Whether you’re new to investing or an experienced investor, U.S. Bancorp Investments has several online investing options to help you work toward your retirement goals.

Start investing

Retirement planning resources

Retirement planning toolkit

Get tools and insights from our retirement planning toolkit so you can feel confident and prepared for the future.

See the toolkit

IRA resources and education

Get the information you need about IRAs and how your retirement plan can benefit from opening one.

Read more about IRAs

Retirement checklist

How you save for retirement should evolve as you age. This checklist can help guide your approach.

Get the checklist

Frequently asked questions

The typical age of retirement is 65, but aggressive saving and planning can help you retire earlier. You’ll need to be at least 62 to receive a partial Social Security Retirement benefit and, depending on when you were born, may need to reach 67 before you can receive the full benefit.

Experts estimate that you’ll need between 7 to 10 times your annual salary in order to retire comfortably. However, this amount is dependent on many different variables in your life as well as your retirement planning strategy.

The sooner you start saving and preparing for retirement, the better the position you will be in for your future. Most people need to have retirement savings last 20 to 30 years. How long your retirement funds last will depend on your lifestyle as well as many other individual factors.

Before you retire, it’s important to establish a comprehensive plan that identifies available sources of income and your projected living expenses in retirement. Generally, a good rule of thumb is you'll need 70-80% of your pre-retirement income to maintain your standard of living in retirement.

If you planned accordingly and took into account an assumed average annual inflation rate of 2% (which is the Federal Reserve’s target inflation rate), your retirement should last you 20 to 30 years.

It is estimated that couples require 1.5 times the monthly income of one partner to retire.

Next step

Find an advisor or wealth specialist
Call 844-872-4724
Request a call

Disclosures

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Investment and insurance products and services including annuities are:
Not a deposit • Not FDIC insured • May lose value • Not bank guaranteed • Not insured by any federal government agency.

U.S. Wealth Management – U.S. Bank | U.S. Bancorp Investments is the marketing logo for U.S. Bank and its affiliate U.S. Bancorp Investments.

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U.S. Bank, U.S. Bancorp Investments and their representatives do not provide tax or legal advice. Each individual's tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

This information represents the opinion of U.S. Bank and U.S. Bancorp Investments and is designed to be educational and informative. The views are subject to change at any time based on market or other conditions and are current as of the date indicated on the materials. This is not intended to be a forecast of future events or guarantee of future results. It is not intended to provide recommendations and/or specific advice concerning retirement accounts or investment planning. It is not intended to be construed as an offering of securities or recommendation to invest. Not for use as a primary basis of investment decisions. Not to be construed to meet the needs of any particular investor. Not a representation or solicitation or an offer to sell/buy any security. Investors should consult with their investment professional for advice concerning their particular situation.

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For U.S. Bank:

Equal Housing Lender. Deposit products are offered by U.S. Bank National Association. Member FDIC. Mortgage, Home Equity and Credit products are offered by U.S. Bank National Association. Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice.

U.S. Bank is not responsible for and does not guarantee the products, services or performance of U.S. Bancorp Investments, Inc.

U.S. Bank does not offer insurance products. Insurance products are available through our affiliate U.S. Bancorp Investments.

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For U.S. Bancorp Investments:

Investment and insurance products and services including annuities are available through U.S. Bancorp Investments, the marketing name for U.S. Bancorp Investments, Inc., member FINRA and SIPC, an investment adviser and a brokerage subsidiary of U.S. Bancorp and affiliate of U.S. Bank.

U.S. Bancorp Investments is registered with the Securities and Exchange Commission as both a broker-dealer and an investment adviser. To understand how brokerage and investment advisory services and fees differ, the Client Relationship Summary and Regulation Best Interest Disclosure are available for you to review.

Insurance products are available through various affiliated non-bank insurance agencies, which are U.S. Bancorp subsidiaries. Products may not be available in all states. CA Insurance License #0E24641.

Pursuant to the Securities Exchange Act of 1934, U.S. Bancorp Investments must provide clients with certain financial information. The U.S. Bancorp Investments Statement of Financial Condition is available for you to review, print and download.

The Financial Industry Regulatory Authority (FINRA) Rule 2267 provides for BrokerCheck to allow investors to learn about the professional background, business practices, and conduct of FINRA member firms or their brokers. To request such information, contact FINRA toll-free at 1-800‐289‐9999 or via https://brokercheck.finra.org. An investor brochure describing BrokerCheck is also available through FINRA.

U.S. Bancorp Investments Order Processing Information.

Municipal Securities Education and Protection– U.S. Bancorp Investments is registered with the U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board (MSRB). An investor brochure that describes the protections that may be provided to you by the MSRB rules and how to file a complaint with an appropriate regulatory authority is available to you on the MSRB website at www.msrb.org.