How Much Money Will I Have When I Retire?

By Amy Paul, Luke Hankins, and Connie Sun
Planning for retirement is one of the most important things you can do to ensure lasting financial security.10 Unfortunately, retirement planning can be daunting, and saving for retirement is only getting harder.11 To help you plan a strategy that works for you, our calculator and comparison tools use the most important factors associated with different retirement accounts and compute the amount of money you will have per month during retirement.

Basic Info

Account Types

Now you get to select which kinds of retirement accounts you'd like to contribute to. Each has its own benefits and drawbacks, which are detailed in the account dropdown. To help you prioritize your contributions, we spoke to a Fidelity Investment Advisor with over a decade of experience in retirement investing; their suggestions are highlighted in the Advice sections for each account.

Citations and Additional Info...

[1] https://www.cnbc.com/select/high-yield-savings-account-risk
[2] https://www.experian.com/blogs/ask-experian/pros-cons-high-yield-savings-account/
[3] https://www.fidelity.com/building-savings/learn-about-iras/what-is-an-ira
[4] https://www.fidelity.com/retirement-ira/ira-comparison
[5] https://www.fool.com/investing/how-to-invest/index-funds/average-return
[6] https://www.investopedia.com/terms/1/401kplan.asp
[7] https://www.investopedia.com/terms/c/certificateofdeposit.asp
[8] https://www.nerdwallet.com/article/investing/roth-401k-vs-401k
[9] https://en.wikipedia.org/wiki/S%26P_500
[10] https://www.investopedia.com/articles/younginvestors/08/generation-y.asp
[11] https://money.com/saving-retirement-harder/
[12] https://data.bls.gov/timeseries/CUUR0000SA0L1E?output_view=pct_12mths
[13] https://data.bls.gov/timeseries/CIU1010000000000A
[14] https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/wealth-planning_investment-strategy.pdf
[15] https://www.census.gov/programs-surveys/sipp/data/datasets/2021-data/2021.html