How this calculator works for Illinois residents

From Chicago to Springfield, Naperville to Peoria, Illinois residents can use this Ramsey retirement calculator. See also our dedicated Illinois Paycheck Calculator for state-specific tax planning.

Key features for Illinois planning

• 15% Contribution Rule — Invest 15% of gross household income into retirement accounts, following Baby Step 4.
• 8% Withdrawal Rate — Withdraw up to 8% of your nest egg annually based on Ramsey's growth portfolio assumptions.
• Pension & Social Security — Subtract expected pension and Social Security income from your monthly retirement need.
• Couples Mode — Combine both spouses' incomes, ages, and savings into one household projection.
• Employer Match — Include matching contributions from your workplace retirement plan.