Saving for Retirement This calculator can help you estimate how much you may need to save for retirement. You are viewing this website at a small screen resolution which doesn't support calculators. Click here to view this calculator. Share | Related Content Should You Tap Retirement Savings to Fund College? There are three things to consider before dipping into retirement savings to pay for college. IRA Withdrawals that Escape the 10% Tax Penalty The list of IRA withdrawals that may be taken without incurring a 10% early penalty has grown. Retirement Plan Distributions There are a number of ways to withdraw money from a qualified retirement plan.