Plan 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
₦95,805,806
at age 65
Required nest egg
₦105,500,122
Required monthly saving
₦55,383
to hit target
Inflation-adjusted income
₦562,772
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 Nigeria.
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.
Planning retirement in Nigeria with ₦500,000 saved and contributing ₦50,000 monthly at 22% return — use the tool above to see if you are on track for your desired retirement income.
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.
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.
Nigerian lending rates are set by commercial banks and are influenced by the CBN Monetary Policy Rate (MPR). Rates typically range from 18%–30% per annum.
Popular lenders in Nigeria include Access Bank, GTBank, First Bank, Zenith Bank, UBA. Always compare rates from multiple providers before committing.