Project your retirement savings and determine if you are on track to retire on time. Enter your current savings, monthly contributions, expected return, and retirement age to see your projected nest egg.
Fidelity Investments recommends saving a multiple of your annual salary by each age milestone:
| Age | Savings Target | Example ($70,000 salary) |
|---|---|---|
| 30 | 1× salary | $70,000 |
| 40 | 3× salary | $210,000 |
| 50 | 6× salary | $420,000 |
| 60 | 8× salary | $560,000 |
| 67 | 10× salary | $700,000 |
| Account Type | 2026 Limit | Catch-Up (Age 50+) |
|---|---|---|
| 401(k) / 403(b) | $23,500 | +$7,500 ($31,000 total) |
| IRA (Traditional or Roth) | $7,000 | +$1,000 ($8,000 total) |
| HSA (individual) | $4,300 | +$1,000 ($5,300 total) |
Source: IRS Retirement Plan Limits. Social Security full retirement age: 67 for those born 1960 or later. Source: SSA.gov.
A common rule of thumb is to save 25 times your annual expenses (the '4% rule'). If you spend $60,000 per year, you need $1.5 million. However, your target depends on your retirement age, expected Social Security benefits, healthcare costs, and lifestyle.
The 4% rule suggests you can withdraw 4% of your retirement portfolio in year one, then adjust for inflation each year, with a high probability of your money lasting 30 years. It is based on historical stock and bond returns and is a starting point, not a guarantee.
At minimum, contribute enough to get your full employer match — that is a 50%–100% instant return on your money. Beyond that, aim to save 15% of your gross income for retirement (including employer contributions). The 2026 401(k) contribution limit is $23,500.
You can withdraw from a traditional 401(k) without the 10% early withdrawal penalty at age 59½. Required Minimum Distributions (RMDs) must begin at age 73. Early withdrawals before 59½ incur a 10% penalty plus ordinary income tax.