https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/v/saving-enough-for-retirement 2025-02-10T16:06:46.170958301Z Saving enough for retirement Starting to save for retirement early with smaller amounts often yields better results than starting later with larger amounts due to the benefits of compound interest. While aiming for a million dollars might seem like a solid goal, factors like taxes, healthcare costs, inflation, the 4% withdrawal rule, and lifestyle changes can significantly impact whether that amount is sufficient for a comfortable retirement. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/c3b871a3-7724-4168-9710-a9de502e89fe_1280_720_base.png Saving enough for retirement Starting to save for retirement early with smaller amounts often yields better results than starting later with larger amounts due to the benefits of compound interest. While aiming for a million dollars might seem like a solid goal, factors like taxes, healthcare costs, inflation, the 4% withdrawal rule, and lifestyle changes can significantly impact whether that amount is sufficient for a comfortable retirement. https://cdn.kastatic.org/ka-youtube-converted/6JxWW4hLS1U.mp4/6JxWW4hLS1U.mp4 320 Saving for retirement https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/v/saving-enough-for-retirement-part-2 2025-02-07T15:40:55.146672621Z Saving enough for retirement (Part 2) Deciding how much to invest each month boils down to understanding the 4% rule and using simple math to plan for your retirement goals. Learn how to decide how much to put aside each month and adjust as needed for a secure future. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/0e9e3407-91a7-4110-84ee-d8fd598fcdb9_1280_720_base.png Saving enough for retirement (Part 2) Deciding how much to invest each month boils down to understanding the 4% rule and using simple math to plan for your retirement goals. Learn how to decide how much to put aside each month and adjust as needed for a secure future. https://cdn.kastatic.org/ka-youtube-converted/FRKv9zpOFaM.mp4/FRKv9zpOFaM.mp4 350 Saving for retirement https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/a/how-much-should-i-save-for-retirement 2024-12-23T18:39:26.37929128Z How much should I save for retirement? Saving for retirement is something we all need to think about. It might not feel exciting right now, but our future selves will appreciate the effort we put in today. By clearing up some big myths about retirement saving, we can learn how to set ourselves up for success. article https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/e/saving-for-retirement 2025-02-06T16:48:05.685079882Z Saving for retirement Practice understanding of starting saving , early, using 4% rule, calculating your contribution, and understanding increasing/decreasing costs in retirement. Elvira Valdez exercise https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/v/calculating-savings-for-financial-independence 2026-05-28T17:30:50.947019931Z Calculating savings for financial independence To reach financial independence, you calculate a total savings goal based on how much you plan to spend during retirement while accounting for inflation. Once you have that goal, you determine the yearly savings needed by factoring in the growth of your current assets and a steady investment return. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/b3b5910d-4959-4b16-bc10-c59e0b37c750_1280_720_base.png Calculating savings for financial independence To reach financial independence, you calculate a total savings goal based on how much you plan to spend during retirement while accounting for inflation. Once you have that goal, you determine the yearly savings needed by factoring in the growth of your current assets and a steady investment return. https://cdn.kastatic.org/ka-youtube-converted/htZjYFhfI9A.mp4/htZjYFhfI9A.mp4 462 Saving for retirement https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/v/calculating-savings-for-financial-independence-using-tvm-solver 2026-05-28T17:30:50.947019931Z Calculating savings for financial independence (using TVM solver) To calculate savings needed for financial independence we can use a TVM (Time Value of Money) solver, available in many financial calculators, including TI-84. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/f8e554e0-05ff-4cd9-a839-5cc97d180ced_1280_720_base.png Calculating savings for financial independence (using TVM solver) To calculate savings needed for financial independence we can use a TVM (Time Value of Money) solver, available in many financial calculators, including TI-84. https://cdn.kastatic.org/ka-youtube-converted/Ytc9sPvgv-o.mp4/Ytc9sPvgv-o.mp4 327 Saving for retirement https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/e/calculate-savings-for-financial-independence 2026-06-29T19:40:46.038950604Z Calculate savings for financial independence practice understanding and application of the 4% rule and saving enough to reach financial independence Elvira Valdez exercise https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/v/calculating-and-graphing-exponential-functions-for-investing 2026-06-26T15:40:50.739424638Z Calculating and graphing exponential functions for investing Starting to save early for retirement provides a significant long-term financial advantage over waiting to start later, even if a person contributes less money per month. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/a52e90c3-f764-49e0-8214-09a4539aaf7b_1280_720_base.png Calculating and graphing exponential functions for investing Starting to save early for retirement provides a significant long-term financial advantage over waiting to start later, even if a person contributes less money per month. https://cdn.kastatic.org/ka-youtube-converted/xHfwJ0ycE8s.mp4/xHfwJ0ycE8s.mp4 379 Saving for retirement https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/v/calculating-and-graphing-exponential-functions-for-investing-part-2 2026-06-26T15:40:50.739424638Z Calculating and graphing exponential functions for investing (part 2) Graphical analysis of exponential functions when it comes to investing. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/8563635e-d66b-434c-9df7-7e51731ecb58_1280_720_base.png Calculating and graphing exponential functions for investing (part 2) Graphical analysis of exponential functions when it comes to investing. https://cdn.kastatic.org/ka-youtube-converted/q6Hw5vsSTD4.mp4/q6Hw5vsSTD4.mp4 172 Saving for retirement https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/e/calculating-and-graphing-exponential-functions-for-investing 2026-06-29T19:40:46.038950604Z Calculate and graph exponential functions for investing Practice calculating and graphing the exponential function showing the benefits of starting early to invest with continuous contributions. Elvira Valdez exercise https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/v/how-do-i-invest 2025-02-06T16:48:05.685079882Z How do I invest? Deciding how to invest in your IRA or 401(k) starts with understanding key concepts like diversification and risk tolerance. Explore the role of mutual funds and the benefits of target-date funds, which adjust to safer investments as you approach retirement. Learn why choosing diversified options over individual stocks is a smart strategy for securing your financial future. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/3cc3e7b3-e791-4c25-966e-32d1ff88f1ae_1280_720_base.png How do I invest? Deciding how to invest in your IRA or 401(k) starts with understanding key concepts like diversification and risk tolerance. Explore the role of mutual funds and the benefits of target-date funds, which adjust to safer investments as you approach retirement. Learn why choosing diversified options over individual stocks is a smart strategy for securing your financial future. https://cdn.kastatic.org/ka-youtube-converted/ro3v84swtZ4.mp4/ro3v84swtZ4.mp4 372 Saving for retirement https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/a/how-to-invest-in-your-retirement-account 2024-12-23T18:39:26.37929128Z How to invest in your retirement account An important question: **how should you invest your contributions?** You might be imagining picking individual stocks—companies you’ve heard of and admire. But while this can seem exciting, it’s not the best way to set yourself up for long-term success. Let’s break down how to make smart investment decisions that align with your retirement goals. article https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/e/opening-and-managing-retirement-accounts 2025-02-06T16:26:27.83258747Z Opening and managing retirement accounts Practice understanding of opening retirement accounts, risk tolerance, role of mutual funds in diversification, target date funds, and ideal contribution Elvira Valdez exercise https://www.khanacademy.org/humanities/us-government-and-civics/american-civics-parent/american-civics/v/social-security-intro 2024-10-04T18:28:38.534082326Z Social security intro Social Security, or OASDI, provides benefits for retirees, survivors, and the disabled. It's not a savings account, but a system where current workers pay for retirees' benefits. With more people retiring, the Social Security Trust will start shrinking around 2023 and could be depleted by 2030-2040. This could lead to increased taxes, reduced benefits, or budget shifts. Sal Khan video https://cdn.kastatic.org/googleusercontent/wG1DTZrtwDoPOSjaA5UX649PJ7v0iVywSOEXVpkfNM6RxjvlcjJh_bJyq8VtiwSmOJPgx0aiMjXk7Fu09Yax4C5vBQ Social security intro Social Security, or OASDI, provides benefits for retirees, survivors, and the disabled. It's not a savings account, but a system where current workers pay for retirees' benefits. With more people retiring, the Social Security Trust will start shrinking around 2023 and could be depleted by 2030-2040. This could lead to increased taxes, reduced benefits, or budget shifts. https://cdn.kastatic.org/ka-youtube-converted/gLHUCUv1e5Y.mp4/gLHUCUv1e5Y.mp4 389 Saving for retirement https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/a/what-is-social-security 2024-10-16T16:12:07.950058007Z What is Social Security? Social Security is a key part of retirement planning for most Americans, providing income to retirees, disabled individuals, and survivors of deceased workers. While it’s essential, Social Security alone is usually not enough to cover all expenses in retirement. Here’s a simplified look at how it works and its impact on retirement planning. article https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/e/social-security 2024-11-15T00:40:19.831527354Z Social Security Practice understanding the workings of Social Security and how it affects retirement planning. Elvira Valdez exercise https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/ira-401ks/v/traditional-iras 2020-06-23T07:22:41Z Traditional IRAs Introduction to traditional IRA's (Individual Retirement Accounts) Sal Khan video https://cdn.kastatic.org/googleusercontent/nZi_7Z-CnaGS_ABbiLMzD-37RpUfYtUnHlss49KRxM0KiZrT-CgLLbsFuLxRV9FmYPiuY-6bCxMV-HJUHh_8_8f9 Traditional IRAs Introduction to traditional IRA's (Individual Retirement Accounts) https://cdn.kastatic.org/ka-youtube-converted/UV8kgqk_DAY.mp4/UV8kgqk_DAY.mp4 804 Saving for retirement https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/ira-401ks/v/roth-iras 2026-07-05T09:10:42.625975071Z Roth IRAs A Roth IRA is a special retirement account where you pay taxes upfront on contributions. It offers flexibility, allowing withdrawals of original contributions without taxes or penalties. At retirement, withdrawals are tax-free. It's different from a traditional IRA, where taxes are deferred until withdrawal. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/a2462485-5c86-4c2d-be2d-9e03e0839b61_1280_720_base.png Roth IRAs A Roth IRA is a special retirement account where you pay taxes upfront on contributions. It offers flexibility, allowing withdrawals of original contributions without taxes or penalties. At retirement, withdrawals are tax-free. It's different from a traditional IRA, where taxes are deferred until withdrawal. https://cdn.kastatic.org/ka-youtube-converted/Xd8VXDqXtkE.mp4/Xd8VXDqXtkE.mp4 990 Saving for retirement https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/a/understanding-traditional-and-roth-iras 2025-06-10T19:17:12.929979373Z Understanding Traditional and Roth IRAs Saving for retirement is a significant financial goal, and understanding your options can make all the difference. In this article, we'll explore two popular retirement savings accounts: the Traditional IRA and the Roth IRA. article https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/e/iras 2024-12-16T14:45:04.990403558Z IRAs Practice understanding of IRAs: Traditional and Roth. Elvira Valdez exercise https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/ira-401ks/v/401-k-s 2020-06-23T07:22:42Z 401(k)s 401(k)s (and how they compare to IRAs) Sal Khan video https://cdn.kastatic.org/googleusercontent/3RsCOl_vHd6S7Seroz0wyKU6PbI7nXOAWPP69U_e-Sr4XHVp4gpwbDbQA_N-eemlHsnMU7H7Ch9wuBGDM2iAWl11 401(k)s 401(k)s (and how they compare to IRAs) https://cdn.kastatic.org/ka-youtube-converted/2zfdtmlMNDs.mp4/2zfdtmlMNDs.mp4 540 Saving for retirement https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/a/understanding-401-k-s-and-roth-401-k-s 2024-12-19T16:18:47.709715456Z Understanding 401(k)s and Roth 401(k)s When it comes to saving for retirement, knowing the specifics of a 401(k), a Roth 401(k), and an IRA can make a big difference in how you plan. Each of these accounts comes with its own set of rules and benefits, and understanding these can help you figure out which path might work best for your retirement journey. article https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/v/other-retirement-plans-403b-457-tsp-pension-etc 2025-02-07T15:40:55.146672621Z Other retirement plans: 403(b), 457, TSP, pension, etc In addition to the usual retirement savings options, you might encounter plans like the 403(b) and 457, designed for public employees and certain nonprofits, or the TSP, tailored for federal workers and military personnel. Other options, such as the SEP IRA and SIMPLE IRA, cater to small business owners and self-employed individuals, while traditional pension plans provide a fixed income stream in retirement based on your salary and years of service. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/6a2cba94-778d-44d1-824e-c07493aad800_1280_720_base.png Other retirement plans: 403(b), 457, TSP, pension, etc In addition to the usual retirement savings options, you might encounter plans like the 403(b) and 457, designed for public employees and certain nonprofits, or the TSP, tailored for federal workers and military personnel. Other options, such as the SEP IRA and SIMPLE IRA, cater to small business owners and self-employed individuals, while traditional pension plans provide a fixed income stream in retirement based on your salary and years of service. https://cdn.kastatic.org/ka-youtube-converted/vPlGVJB3lsI.mp4/vPlGVJB3lsI.mp4 235 Saving for retirement https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/a/what-is-a-pension-403-b-simple-ira-and-others 2024-12-16T14:45:04.990403558Z What is a pension? 403(b)? Simple IRA? and others You might already know about IRAs and 401(k)s, but those aren’t the only ways to save for retirement. Depending on where you work, there are other plans that could help you reach your retirement goals. article https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/e/employer-sponsored-retirement-plans-2 2026-02-23T14:50:42.273479192Z Employer-sponsored retirement plans Practice understanding of retirement plans 401(k), Roth 401(k), Simple IRA, SEP IRA, TSP, 403(b), 457, and pension. Elvira Valdez exercise https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/v/annuities 2026-05-28T19:30:49.483393223Z Annuities An annuity is a series of equal payments made at regular intervals over time. A lottery jackpot paid out in yearly installments is a common example. In retirement, the same concept helps explain how savings can be paid out gradually, such as monthly income after someone stops working. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/86a249ac-cfeb-4d7f-bda4-fa61374cbc48_1280_720_base.png Annuities An annuity is a series of equal payments made at regular intervals over time. A lottery jackpot paid out in yearly installments is a common example. In retirement, the same concept helps explain how savings can be paid out gradually, such as monthly income after someone stops working. https://cdn.kastatic.org/ka-youtube-converted/Lp3WM2mYDRo.mp4/Lp3WM2mYDRo.mp4 289 Saving for retirement https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/a/what-are-annuities 2026-04-04T02:06:38.980527203Z What are annuities? Why is a lottery jackpot so much bigger than its cash value? The answer can help explain what an annuity is and how it shows up in everyday financial life. article https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/e/understanding-annuities 2026-07-06T04:50:55.94861601Z Understanding annuities Practice understanding of annuities, savings vs payout and how they apply to retirement (pension, Social Security, and individual retirement accounts) Elvira Valdez exercise https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/v/calculating-future-value-of-annuity 2026-06-26T15:40:50.739424638Z Calculating future value of annuity An ordinary annuity involves recurring payments made at the end of each compounding period, while an annuity due involves payments made at the beginning of each period. Because every payment in an annuity due has an extra period to compound interest, its total future value is higher and its growth graph will lie above that of an ordinary annuity. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/11a9fca8-4503-4e64-9b1e-6a8c81d83814_1280_720_base.png Calculating future value of annuity An ordinary annuity involves recurring payments made at the end of each compounding period, while an annuity due involves payments made at the beginning of each period. Because every payment in an annuity due has an extra period to compound interest, its total future value is higher and its growth graph will lie above that of an ordinary annuity. https://cdn.kastatic.org/ka-youtube-converted/4oulW0biqqg.mp4/4oulW0biqqg.mp4 348 Saving for retirement https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/e/calculate-a-future-value-of-an-annuity 2026-06-29T19:40:46.038950604Z Calculate a future value of an annuity Practice calculating future value of an ordinary annuity and an annuity due. Elvira Valdez exercise