Retirement Calculator
Plan how much you need to save for retirement
Retirement Savings
$2,376,362
in 35 years
About this tool
The retirement calculator estimates how much your retirement savings could grow by combining current savings, monthly contributions, expected return, and time to retirement. It uses standard compound growth formulas and assumes consistent returns, which real markets do not offer. Withdrawals, taxes, fees, and inflation will affect the real outcome. This tool is provided for educational purposes only and is not financial advice.
How to use
- Enter your current age.
- Enter your planned retirement age.
- Enter your current retirement savings.
- Enter the amount you plan to contribute every month.
- Set a conservative expected annual return and review the projected balance.
Common use cases
- Estimate whether your current contribution rate is on track for your retirement goal.
- Compare scenarios with different monthly contributions or retirement ages.
- See the long-term effect of starting earlier vs later.
- Plan adjustments to monthly savings after a salary change.
- Educational example for understanding how compounding builds retirement assets.
Frequently asked questions
Q. Is this financial advice?
A. No. This calculator is for educational purposes only and does not constitute financial, investment, or retirement-planning advice. Speak with a qualified advisor for personal recommendations.
Q. Does this account for inflation?
A. No. The result is in nominal dollars. To estimate purchasing power at retirement, subtract a long-term inflation assumption from your expected return.
Q. Are taxes included?
A. No. Taxes on contributions, growth, and withdrawals depend on the type of account (e.g., 401(k), IRA, taxable brokerage) and are not included.
Q. What return rate should I use?
A. Long-term equity returns have historically averaged 6-8% before inflation, but past performance does not predict the future. Use a conservative estimate.