Retirement Savings Calculator
Interest & SavingsPlan for retirement by estimating how much you need to save each month to reach your target nest egg by your retirement age.
Retirement Projection
Projected nest egg
$417,742
at age 65
Required nest egg
$1,582,502
Required monthly saving
$847
to hit target
Inflation-adjusted income
$8,442
What is a Retirement Savings Calculator?
A retirement savings calculator helps you answer the most important financial question of your life — will I have enough money to retire comfortably? By projecting your current savings forward and comparing it against your target nest egg, this tool tells you exactly whether you are on track and how much you need to save each month in [GEO].
How to use this calculator
Enter your current age and target retirement age, your existing retirement savings, monthly contribution, expected annual return, inflation rate, and how much monthly income you want in retirement. The calculator projects your nest egg at retirement, compares it to your required amount, and tells you the monthly saving needed to close any gap.
Example
A 30-year-old with $10,000 saved, contributing $500 per month at 7% annual return, retiring at 65 with a desired monthly income of $3,000, would accumulate approximately $1.1 million — sufficient to fund a 25-year retirement with inflation factored in.
Frequently asked questions
What rate of return should I assume?
Historically, a diversified stock portfolio has returned 7%–10% annually before inflation. A more conservative mixed portfolio of stocks and bonds may return 5%–7%. Use 6%–7% as a realistic long-term assumption.
How much do I need to retire?
A common rule of thumb is to save 25× your annual retirement expenses (the '4% rule'). If you need $3,000/month ($36,000/year), target a nest egg of $900,000. This calculator does this math for you automatically.
What does inflation do to my retirement?
Inflation erodes purchasing power over time. $3,000/month today might require $5,000+/month in 35 years at 3% inflation. This calculator adjusts your target income for inflation automatically.
When should I start saving for retirement?
The earlier the better — compounding is exponential. A 25-year-old saving $300/month will accumulate far more than a 35-year-old saving $600/month, due to the extra decade of compound growth.