Retirement Calculator
Plan your retirement by calculating how much you need to save and when you can retire.
About This Calculator
The Retirement Calculator helps you plan for financial independence by projecting your savings growth and comparing it to your retirement income needs. Start planning early for the retirement you deserve.
How to Use
- 1Enter your current age and target retirement age
- 2Input current savings and monthly contributions
- 3Set expected return rate
- 4Define desired monthly retirement income
Formula
FV = PV × (1+r)^n + PMT × ((1+r)^n - 1) / rCalculate future value of current savings plus future value of regular contributions with compound interest.
FAQ
Historically, a diversified portfolio averages 7-10% before inflation. Use 5-7% for conservative estimates.
The 4% rule suggests you can withdraw 4% of savings annually in retirement with low risk of running out of money.
No, add expected Social Security to your other income sources. This calculator focuses on personal savings.
Use "real" return (return minus inflation, typically 2-3%) or increase your desired income estimate.