Retirement Calculator | Savings Growth Projection
Project retirement savings from current balance, monthly contributions, expected annual return, and years until retirement.
Retirement Savings Projection
0
Project Retirement Savings Growth
Enter current savings, monthly contribution, expected annual return, and years to retirement to estimate future balance, total contributions, and investment growth.
Returns Are Only Assumptions
Market returns, inflation, taxes, fees, withdrawal timing, and contribution changes can alter the outcome. Use conservative scenarios before relying on a projection.
About This Tool
Retirement Calculator projects how much money you will have at retirement based on current savings, regular contributions, expected investment return, and time horizon. It shows whether your current saving rate reaches your retirement income target.
When to Use It
Use this to check whether your current pension contributions are on track, when deciding how much to increase contributions after a pay rise, or when comparing different retirement ages and their impact on your final balance.
How to Use
- Enter your current retirement savings balance.
- Enter your monthly contribution amount.
- Set the expected annual investment return.
- Enter the number of years until retirement.
- Click Calculate to see the projected balance.
Frequently Asked Questions
How much do I need to retire?
A common rule of thumb is to save 25 times your expected annual retirement spending. At a 4 percent withdrawal rate this portfolio should last 30 years.
What investment return should I assume?
A 5 to 7 percent real return is commonly used for a balanced portfolio after inflation. Conservative projections use 4 percent and optimistic ones use 8 percent.
How much should I be contributing to retirement?
Financial advisors commonly recommend saving 10 to 15 percent of gross income for retirement, including any employer matching contributions.