Retirement Calculator
Free retirement calculator. Project how much you will have saved by retirement from your current savings, monthly contributions and expected investment return.
Your Details
Projected Savings at Retirement
$1,188,181
Breakdown
How It Works
Enter your age and timeline
Type your current age and the age you plan to retire so we know how many years your money has to grow.
Add your savings and contributions
Enter what you have saved today and how much you add each month, then set your expected annual return.
Review your projection
See your projected balance at retirement, how much came from contributions versus growth, and an estimated monthly retirement income.
Retirement planning comes down to a simple idea: money invested today has years, often decades, to grow before you need it. Thanks to compound growth, the contributions you make early are worth far more at retirement than the same contributions made later, because they spend longer earning returns on top of returns.
This calculator projects your nest egg by compounding your current savings and monthly contributions at your expected return all the way to your retirement age. It then estimates a sustainable monthly retirement income using the popular 4% withdrawal rule, so you can see not just how big your savings could grow but roughly what that means as monthly spending money.
Frequently Asked Questions
How is my retirement balance projected?
We compound your savings month by month. Each month the balance earns one-twelfth of your expected annual return and then your monthly contribution is added. Running this from your current age to your retirement age gives a future-value projection of your nest egg.
What is the 4% rule for retirement income?
The 4% rule is a common guideline that suggests you can withdraw about 4% of your retirement savings in the first year without running out of money over a typical retirement. We apply it to your projected balance and divide by 12 to estimate a sustainable monthly income.
What return rate should I assume?
Historical long-term stock-market returns have averaged roughly 7% to 10% before inflation, while more conservative or bond-heavy portfolios return less. A common planning assumption is 6% to 7%. Lower the rate for a more cautious estimate.
Does this account for inflation and taxes?
No. This calculator projects nominal balances and does not adjust for inflation, taxes or fees. Real spending power will be lower than the headline figure, so treat the result as a planning estimate rather than a guarantee.
Related Calculators
Build with our Retirement Calculator API
Integrate our high-speed conversion engine directly into your own applications. Get free api keys for retirement calculator api and more.