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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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.
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] / rSee exactly how your savings will grow over time and what you'll have at retirement based on your current savings rate.
Our calculator adjusts for inflation so you can see your savings in today's dollars—what your money will actually buy in retirement.
Experiment with different contribution amounts, retirement ages, and return rates to find the best path to your retirement goals.
Even small contributions early in your career can grow significantly thanks to compound interest. See the power of starting early.
Are you on track? Use the calculator to see if your current savings rate will meet your retirement goals, and adjust if needed.
As retirement approaches, fine-tune your expectations and determine the best withdrawal strategy for your savings.
Combine your projected savings with Social Security and pension estimates to see your complete retirement income picture.
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.
A diversified portfolio has historically returned 7-10% annually. Using 7% is conservative and accounts for market fluctuations. The calculator also lets you input an inflation rate to see real (inflation-adjusted) returns.
A common guideline is to save 15% of your pre-tax income, including any employer match. However, the right amount depends on your retirement age, desired lifestyle, and other income sources like Social Security.
Inflation erodes purchasing power over time. $60,000 today won't buy the same amount in 30 years. Our calculator shows your savings in both nominal and inflation-adjusted terms so you can plan realistically.
As early as possible! Thanks to compound interest, $500/month starting at age 25 grows to much more than $1,000/month starting at age 35, even though you contribute the same total amount.