Ready to Get Started?
CalSavers is an easy way to save for retirement. Take the first step in your retirement savings journey and set up your account today.
Saving for retirement just got easier!
The State of California has recognized the value of ensuring that all Californians have access to a workplace retirement savings program by providing a simple, portable, low-cost way for workers to invest in their futures.
- You contribute to a Roth Individual Retirement Account (IRA) that belongs to you.
- Participation is completely voluntary: you can opt out or opt in at any time.
- You can stick with the standard options for savings rates and investments, or you can choose your own.
- You keep your account even if you change jobs.
- Your savings rate will automatically increase by 1% each year until your savings rate reaches 8%, unless you choose otherwise.
There are two ways into the Program: either through an employer or by opting-in as an individual (including self-employed and “gig” workers).
The State of California has recognized the value of ensuring that all Californians have access to a workplace retirement savings program by providing a simple, portable, low-cost way for workers to invest in their futures.
There are two ways into the Program: either through an employer or by opting-in as an individual (including self-employed and “gig” workers).
- You contribute to a Roth Individual Retirement Account (IRA) that belongs to you.
- Participation is completely voluntary: you can opt out or opt in at any time.
- You can stick with the standard options for savings rates and investments, or you can choose your own.
- You keep your account even if you change jobs.
- Your savings rate will automatically increase by 1% each year until your savings rate reaches 8%, unless you choose otherwise.
Getting started through your employer
Once your employer registers and adds you to CalSavers, you’ll receive a notification when it’s time to take action. You can choose one of the following three options:
Do nothing
If you do nothing, after 30 days you will be automatically enrolled with the standard savings and investment options.
Customize account setup
You can choose to customize your savings choices, leave the standard options in place, and add beneficiaries.
Ready to start saving on your own?
If you’re self-employed, don’t work for a CalSavers employer, or just want to contribute a little extra to your account, you can now contribute directly. Simply sign yourself up and set up automatic contributions from your bank account to your CalSavers account. It’s easy and only takes a few minutes.
Setting up your retirement savings account
For more detailed information about your CalSavers account, go to the Program Details page. You can review how to take action on the options above, including how to customize your savings rate and change your investment choices.
How much is enough?
Our Retirement Calculator lets you see how CalSavers can fit your budget and what it could mean for your retirement savings.
Go to Calculator
Have questions?
We can answer any questions you have about the CalSavers program.
You can contact us by email at clientservices@calsavers.com or call us at (855) 650-6918.
Please note: We will not be able to discuss some details of your account through email due to security concerns.