Investing $500/mo from 40: $405,036 at Retirement
Investing $500/month from age 40 at 7% grows to $405,036 by retirement — about $1,350/month in retirement income. Free retirement calculator.
Frequently asked questions
How much do I need to save for retirement?
A common guideline is to save enough to replace 70–80% of your pre-retirement income. This calculator projects how your monthly contributions grow over time, so you can see whether you're on track for the retirement income you'll need.
What is the 4% rule?
The 4% rule suggests you can withdraw 4% of your retirement savings in the first year, adjusting for inflation after, with a low risk of running out over 30 years. It's a rough guide for how much your savings can support in retirement.
Why does starting to save early matter?
Compound growth rewards time more than amount. Starting a decade earlier can mean far more at retirement, even with smaller contributions, because early money compounds over the longest period. Delaying is the most expensive choice.