How much should you save for retirement?

Knowing how much retirement savings you’ll need starts with knowing what you spend to support your lifestyle today. Some of your expenses may go away by the time you retire, like the cost of raising kids. Others are likely to increase, like the cost of health care. Maximizing your retirement savings now may give you the best chance of living the retirement lifestyle you envision.

 

See if you’re on track to retire.

Are you saving enough for the retirement you want? Our retirement calculator can help you track your progress. Use it to test a variety of scenarios and see where you stand today.

Use our retirement calculator

Grow your retirement savings.

Contributing to an Individual Retirement Account (IRA) is a smart, strategic way to grow your retirement savings. With a variety of options available, IRAs offer unique benefits tailored to your personal financial goals.

  • Traditional IRAs: Enjoy tax-deferred growth, where your contributions and investment earnings are taxed only when withdrawn.
  • Roth IRAs: Benefit from tax-free growth and withdrawals that are tax-free during retirement if qualified.
  • SEP IRAs: A perfect option for small business owners and self-employed individuals, offering high contribution limits for accelerated savings.
Learn more about IRAs

Ready to open an IRA?

Whether you prefer investing on your own or want personal investment guidance, we have an option to fit your needs. And if you open an IRA before April 15, 2026, you may be able to take advantage of tax benefits.

Open an IRA

IRA contribution limits

Tax year 2025 contribution limits limits, which you can contribute to until April 15, 2026:

  • Under age 50: $7,000 per year
  • Over age 50: $8,000 per year

Already have an IRA with U.S. Bancorp Advisors?

Contribute now

Further build your retirement savings.

After you’ve maximized your IRAs, 401(k) account and other tax-advantaged investments, consider other investing options to help build your retirement savings even further. There are several easy ways for you to invest.

Learn more about ways to invest

Roll over your 401(k) account.

Saving for retirement involves more than setting aside funds for the future. When you roll over1 your previous employer’s 401(k) or 403(b) account, we can give you a clearer view of your current financial situation. We’ll work with you to create a comprehensive financial plan based on your retirement savings goals.

Learn how to roll over a 401(k) account

Build wealth your way

How we can work together

Whether you want personalized guidance or to invest on your own, we have options to meet your needs.

Personalized guidance

Understanding your goals and making sense of your finances is our starting point for your personalized guidance. Wherever you are in your financial journey, we’ll tailor a strategy to help you work toward your financial goals with confidence.

Get personalized guidance

Invest on your own

Trade stocks, bonds, mutual funds, ETFs and more online with U.S. Bancorp Advisors. You will have complete freedom to build and manage your own portfolio using our comprehensive resources and tools.

Learn about self-directed investing

Explore our news and insights

Investing through workplace retirement plans

Workplace retirement plans allow you to invest with ease while working toward financial security.

Watch the video

4 benefits of an IRA

Look beyond your 401(k) account or pension to maximize the power of your retirement savings.

Learn more

How much should I save for retirement?

A look at what percentage of earnings to set aside and strategies to stay on track at different life stages.

Read article

Next Step

Find an advisor or wealth specialist
Call 844-872-4724
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Disclosures

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  1. A rollover of qualified plan assets into an IRA is not your only option. Before deciding whether to keep an existing plan, or roll assets into an IRA, be sure to consider potential benefits and limitations of all options. These include total fees and expenses, range of investment options available, penalty-free withdrawals, availability of services, protection from creditors, RMD planning, and taxation of employer stock. Discuss rollover options with your tax advisor for tax considerations.

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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 Advisors is the marketing logo for U.S. Bank and its affiliate U.S. Bancorp Advisors.

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U.S. Bank, U.S. Bancorp Advisors and their representatives do not provide tax or legal advice. Your tax and financial situation are unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

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 Advisors, LLC.

U.S. Bank does not offer insurance products. Insurance products are available through our affiliate USBA Insurance Services.

For U.S. Bancorp Advisors:

Please refer to our disclosures and agreements.

Brokerage and investment advisory products and services are offered by U.S. Bancorp Advisors, LLC, an SEC-registered broker-dealer, investment adviser, member FINRA / SIPC, and subsidiary of U.S. Bancorp and affiliate of U.S. Bank, N.A.

Insurance services are offered by USBA Insurance Services, a dba of U.S. Bancorp Advisors, having a California domicile and principal place of business at 800 N. Brand Blvd., 16th Floor, Glendale, CA 91203, CA Insurance License #6011694. Products may not be available in all states.

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.