Retirement planning checklist
It may seem like an uphill battle, but you can move mountains in the 5 to 15 years before retirement. It starts with having a clear sense of where you stand today and where you want to be tomorrow.
Make a budget for your life today. Plan for your future retirement. Our tools can help you do both.
Tell us a few things about yourself.
Here's where things stand today:
If married, enter age of oldest partner or first expected to retire. Age determines when full Social Security retirement benefits are available.
my annual income
Enter your current yearly salary before taxes. If you are married and your partner receives a salary, enter the combined value of both annual incomes.
and I have
Enter an amount between $0 and $10,000,000 for the current dollar value of your assets. If married, enter your combined savings amounts. Pretax or tax-exempt savings includes anything held in tax-advantaged retirement accounts (IRAs, 401(k)s and 403(b)s, variable and fixed annuities, etc.). Taxable investments to be used for retirement income may include stocks, taxable bonds, mutual funds, savings accounts, etc. See the assumptions and definitions page for more details.
(pretax or tax-exempt) and
See retirement calculator assumptions and definitions.
Each month, I plan to save:
Enter an amount between $0 and $10,000,000 for the current value of all pretax and taxable investments. If married, enter your combined savings amounts.
Traditional and Roth 401(k)s, 403(b)s, IRAs, etc.
Stocks, bonds, mutual funds, CDs, savings accounts, etc.
That’s 10% of my monthly income.
How much will I need to retire?
The calculator assumes you will need 80% of the salary you make in the year prior to reaching retirement age. Social Security retirement benefits contribute 40% of last salary year, not to exceed $34,332 per person or married couple. See the assumptions and definitions page for more details.
See how your projected savings compare
with potential income needs in retirement.
My retirement goal:
My potential nest egg:
1 Source: "Policy Basics: Top Ten Facts About Social Security," Center on Budget Policy and Priorities, August 2020.
2 Source: "Retirement Confidence Survey," Employee Benefits Research Institute/Greenwald, 2020.
Learn about Capital Group and find resources to get you started.
Learn how we've been putting investors first for 91 years.
Start with these key questions.
Learn how a financial professional can help.
Who we are
One of the world's largest investment managers, we've helped investors succeed by remaining true to our values and approach. We believe in a distinctive way of managing money, an emphasis on research, a long-term view and the recognition of the power of relationships.
What we do
Capital Group offers a variety of investment options to help you pursue your objectives — including American Funds, one of the largest mutual fund families in the U.S.
Where to find our funds
Your financial professional can tell you more about American Funds. Or, you can purchase our funds yourself through an online broker.
Important questions to consider
Whether you are collaborating with a financial professional or figuring out your own finances, these questions can help get you started.
What percentage of my retirement income will come from Social Security?
Will I have sufficient funds to stay in my current home when I retire?
How much should I contribute to my retirement plan to get me closer to my dreams?
The value of guidance
A financial professional can work with you to define your goals and create a plan to help make them a reality. From establishing a budget to selecting investments to riding out market shifts, an advisor can help you make decisions based on your specific situation.
Looking for a financial professional?
Our locator tool can help you find professionals in your area.
Check the background of these investment professionals on FINRA’s BrokerCheck.