Retirement Calculator is a simple and accurate online tool that helps you estimate how much money you will have at retirement based on your current savings, monthly contributions, expected rate of return, and desired retirement age.
This retirement planning tool shows how much you need to save, how long your money will last, and whether your current contributions are enough to reach your financial goals. Perfect for long-term planning, investment forecasting, and understanding future retirement income.
Retirement Calculator
How This Retirement Calculator Works
This tool calculates your projected retirement savings by combining your current balance, monthly contributions, and compound interest over your remaining working years.
What This Retirement Calculator Shows
- Total retirement savings at your chosen age
- Total contributions over your working years
- Total interest earned through compounding
- Years left until retirement
Formula Used
This calculator uses two future value formulas:
- FV of current savings: P(1 + r)n
- FV of monthly deposits: PMT × ((1 + r)n − 1) / r
Why Use a Retirement Calculator?
It helps you understand whether you are saving enough and how much you need to reach your retirement goals.
Examples
- $20,000 current + $300/mo, 6% return, 30 years: $335,421
- $5,000 current + $200/mo, 7% return, 25 years: $187,994
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FAQs – Retirement Calculator
How do I calculate retirement savings?
Enter your current savings, monthly contributions, return rate, and target retirement age to get a full projection.
Is this retirement calculator accurate?
Yes. It uses compound interest formulas and monthly contribution growth.
How much should I save for retirement?
Most financial advisors recommend saving 10%–20% of your income.
Does the calculator include inflation?
No. This calculator shows future value without adjusting for inflation.
What return rate should I use?
Common long-term market return estimates are between 5% and 8%.