Freelancer Retirement Calculator
Plan for retirement as a self-employed professional. Project your nest egg with the 4% safe withdrawal rate.
Your age today
When you want to stop working
Total in pension, ISA, 401(k), SIPP, etc.
How much you save for retirement each month
Average stock market return: 7–10% nominal
Long-term average: 2–3%
Monthly spending in today's money
Projected Retirement Fund
Total value at age 60 (30 years of saving)
$1,138,306.75
Total Contributed
$308,000.00
Investment Growth
$830,306.75
Real Value (today's money)
$468,967.31
4% Rule Monthly Income
$3,794.36
💡 Retirement Sustainability
At your desired monthly spending ($9,709.05 in future value), your savings would last approximately 12 years 5 months.
The 4% safe withdrawal rule suggests $3,794.36/month for a 30+ year retirement.
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Retirement Planning for the Self-Employed
Without an employer 401(k) match, freelancers need to be more intentional about retirement savings. The good news: self-employed retirement accounts often have higher contribution limits than employer plans.
The 4% Safe Withdrawal Rate
The 4% rule suggests you can withdraw 4% of your portfolio annually in retirement without running out of money over 30 years. So a $1 million portfolio supports $40,000/year in spending, adjusted for inflation.
Frequently Asked Questions
How much do freelancers need to retire?
What retirement accounts can freelancers use?
What return rate should I assume?
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FreshBooks
Invoicing and accounting software built for freelancers. #1 rated for ease of use.
QuickBooks Self-Employed
Track income, expenses, and mileage. Maximize tax deductions automatically.
Xero
Beautiful accounting software for small businesses and freelancers.
Wave
100% free invoicing and accounting. Perfect for solo freelancers.
Bonsai
Contracts, proposals, invoices, and accounting — all-in-one freelance suite.
Gusto
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We may earn a commission if you sign up through these links, at no extra cost to you.
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