Retirement Calculator
Calculate how much you need to save for retirement, project your future savings, and determine if you're on track for a comfortable retirement.
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Plan Your Financial Future
Our retirement calculator helps you project how much you'll have saved by retirement and whether it will be enough to maintain your desired lifestyle. Factor in your current savings, monthly contributions, expected returns, and retirement income needs to create a comprehensive retirement plan.
Understanding Retirement Planning
Retirement planning involves calculating how much money you'll need to maintain your lifestyle after you stop working, and creating a savings strategy to reach that goal. The key is balancing your current contributions, investment returns, inflation, and expected retirement expenses.
Future Value Formula
FV = PV(1 + r)^n + PMT × [(1 + r)^n - 1] / rWhy Use Our Retirement Calculator?
Visualize Your Future
See exactly how your savings will grow over time and what you'll have at retirement based on your current savings rate.
Account for Inflation
Our calculator adjusts for inflation so you can see your savings in today's dollars—what your money will actually buy in retirement.
Optimize Your Strategy
Experiment with different contribution amounts, retirement ages, and return rates to find the best path to your retirement goals.
How to Use This Calculator
When to Use This Calculator
Starting Your Career
Even small contributions early in your career can grow significantly thanks to compound interest. See the power of starting early.
Mid-Career Check-Up
Are you on track? Use the calculator to see if your current savings rate will meet your retirement goals, and adjust if needed.
Pre-Retirement Planning
As retirement approaches, fine-tune your expectations and determine the best withdrawal strategy for your savings.
Retirement Income Analysis
Combine your projected savings with Social Security and pension estimates to see your complete retirement income picture.
Frequently Asked Questions
The 4% rule suggests withdrawing 4% of your retirement savings in the first year, then adjusting for inflation each subsequent year. Research shows this approach has historically sustained a 30-year retirement without running out of money.