When can I retire?
You are financially independent when your investment returns can cover your annual expenses. However, growing your net worth with compound interest is slow. To retire in 5 or 10 years, the most important number is your savings rate. Learn more.
This calculator makes assumptions
- Your expenses now equal your expenses in retirement
- You will never draw down the principal. Your net worth will never shrink.
- After tax income is what you earn after taxes
- Annual return on investment is after taxes and inflation
- You can retire in
- 12.4 years
- with a savings rate of
- 60%
- Your goal net worth is
- 500,000
- which covers expenses of
- 20,000 a year
- with a withdrawal rate of
- 4%
Explore different savings rates
Click the graph to try a different savings rate.
Avg household savings*: UK 4% · US 6% · Germany 10% · France 13% · China 35%
Year-by-year breakdown
*Household net saving as a share of disposable income, latest year (2023 to 2025). Source: OECD. How does your savings rate compare? · Do I need a high income to retire early?