Estimate how much your retirement savings could grow over time and how much monthly income your nest egg may provide. This calculator helps you project future balance, total contributions, and possible withdrawals in retirement.
Enter your information and click Calculate to estimate your retirement savings projection.
This retirement calculator estimates the value of your savings at retirement by combining your current balance, recurring monthly contributions, and expected annual investment return. It then uses a withdrawal rate to estimate how much income your retirement savings may provide each year and each month.
It also includes an inflation-adjusted estimate so you can compare your projected future balance in today’s dollars. This gives you a more realistic view of what your retirement money may actually be worth when you stop working.
This calculator uses compound growth for your current savings and adds monthly contributions over the years until retirement.
Future Value of Current Savings:
FV = PV × (1 + r / n)nt
Future Value of Monthly Contributions:
FV = PMT × [((1 + r / n)nt - 1) / (r / n)]
Where:
Estimated retirement income is then calculated with:
Annual Income = Retirement Balance × Withdrawal Rate
A higher return assumption can make your retirement projection look much stronger, but being too optimistic can leave you short later. Many people use a moderate long-term estimate instead of an aggressive one.
Even small increases in monthly contributions can make a big difference over decades because of compound growth. Consider updating your savings rate whenever income rises.
Inflation affects future purchasing power. A retirement balance that looks large in nominal dollars may buy much less in the future than you expect today.
Retirement projections should be revisited as your age, savings, investment returns, and retirement goals change over time.
That depends on your expected spending, retirement age, other income sources, and how long you expect retirement to last. This calculator helps estimate whether your current savings plan is on track.
Many people use 4% as a starting point for planning, but the right number depends on your retirement timeline, investment mix, and risk tolerance.
No. This version focuses only on retirement savings growth and withdrawal estimates. If you want, you can later add a section or another version that includes Social Security, pension income, or other retirement income streams.
Inflation reduces purchasing power over time. A future retirement balance may sound large, but its real value can be significantly lower after adjusting for years of inflation.