🇺🇸 401(k)🇬🇧 UK Pension🇨🇦 RRSP🇦🇺 Super 11%
Retirement Calculator
Estimate your retirement savings across US, UK, Canadian, and Australian systems. Employer contributions differ dramatically — Australia mandates 11%, UK requires 3%, and US varies by employer.
💡 2024 limit: $23,000 ($30,500 if 50+). Typical employer match: 3–6% of salary.
Employer match (4%) included automatically.
Quick Answer
A 30-year-old earning $75,000 contributing 10% to a 401(k) with a 4% employer match, assuming 7% annual returns, would have approximately $1.8 million by age 65 — providing ~$72,000/year under the 4% rule.
Retirement Systems by Country
| Country | System | Employer Min | 2024 Employee Limit | State Pension Age |
|---|---|---|---|---|
| 🇺🇸 United States | 401(k) | Varies (0–6%) | $23,000 | 67 |
| 🇬🇧 United Kingdom | Workplace Pension | 3% | No limit (tax relief limits) | 67 |
| 🇨🇦 Canada | RRSP + CPP | CPP statutory | $31,560 | 65 |
| 🇦🇺 Australia | Superannuation | 11% (SG) | $30,000 | 67 |
| 🇩🇪 Germany | Riester/Betriebsrente | Varies | 4% of BBG | 67 |
The 4% Rule — Does It Work Globally?
The 4% safe withdrawal rate was developed by William Bengen using US market data. Research suggests it may be too aggressive for other countries with lower historical equity returns:
- US/Canada: 4% historically safe over 30 years
- UK/Europe: 3–3.5% may be more prudent
- Australia: 4% generally supported by historical data
State pensions supplement private savings in all countries — always factor in Social Security (US), State Pension (UK), CPP (Canada), or Age Pension (Australia).