This question is frequently asked but rarely has a definitive answer. The problem is that everyone’s needs are different. What you might need in retirement will be completely different than your friends, neighbors, or co-workers. Even though your situation is unique, there are a few ways you can estimate how much money you will need to retire. All of which is to say: the unexpected can happen, and often does. The best you can do is to develop a solid plan based on the information you have now. Don't let retirement savings statistics get you down. A retirement calculator can help you see how you are doing so far and what you need to change to make your retirement goals. Our exclusive Retirement Savings Calculator will help you estimate the future value of your retirement savings and determine how much more you need to save each month to reach your retirement goal. This calculator estimates how much you'll need to save for retirement. To make sure you're thinking about the long haul, we assume you'll live to age 92. But you could live to be 100 or incur. Lately, when talking with my wife, I've been flummoxed when talking about retirement. How much do we really need? It's not an easy question. For most, this is a moving target every year. How Much Money Do You Need to Retire? There are several ways to determine if your retirement savings is on track. How Much Do I Need to Retire? How much income you'll need in retirement depends on a handful of critical factors. Keep them in mind as you estimate your future income needs using these guidelines. It make sense, one of the top fears for retirees is running out of money. So how much will you need to make sure that nightmare doesn’t happen to you? That’s what we’re discussing today with. Most middle-aged adults and soon-to-be retirees have the same million dollar question: How much do you need to retire? Unfortunately, there are no easy answers, nor is there a one-size-fits-all. Using this retirement calculator. First, enter your current age, income, savings balance and how much you save toward retirement each month. That’s enough to get a snapshot of where you stand.