Retirement Age

Retire at 65 Calculator: Traditional Retirement Planning

Age 65 is the traditional retirement milestone - Medicare begins, reducing your biggest retirement expense, and you're just 2 years from full Social Security benefits. Use this calculator to determine if your savings provide the comfortable retirement you've worked toward.

Key Facts
Medicare begins - healthcare costs drop significantly
2 years to full Social Security (67)
Social Security available (reduced if claiming early)
4% rule well-suited for 25-30 year horizon
Median retirement age in America
Most financially secure retirement age
Calculate How Long Your Money Will Last
Enter your savings and expenses for a quick estimate
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Account for rising costs (3.1% annually)

Expert Tips
1

Sign up for Medicare 3 months before turning 65 to avoid gaps and penalties

2

Consider delaying Social Security to 67 for full benefits or 70 for maximum (8%/year increase)

3

Medicare covers basics but consider Medigap or Medicare Advantage for extra coverage

4

Budget $5-8k/year for healthcare even with Medicare (premiums, copays, dental/vision)

5

The 4% rule is well-tested for 25-30 year retirements starting at 65

Frequently Asked Questions