Retirement Planning Calculator

Plan your retirement savings by forecasting how much you will have when you reach retirement age.

Savings at Retirement$1,130,650.34
Years to Grow35 Years

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Planning Your Retirement

Will you have enough money to retire comfortably? The answer depends entirely on your current age, your target retirement age, how much you have saved now, and how much you contribute every month from your paycheck.

Time is Your Greatest Asset

Because of compounding, a dollar saved at age 25 is worth significantly more at retirement than a dollar saved at age 45. The earlier you start investing, the less you actually have to contribute out of your own pocket.

Worked Example

  1. Current Age: 30
  2. Retirement Age: 65
  3. Years to Grow: 35
  4. Current Savings: $20,000
  5. Monthly Contribution: $500
  6. Return: 7%
  7. Savings at Retirement: ~$1,118,500.

Frequently Asked Questions

Does this account for inflation?

No, this uses nominal returns. To adjust for inflation, you can input a "real" return rate. For example, if you expect 10% market returns and 3% inflation, enter 7% as your expected annual return.