Smart Tools for Everyone

Retirement Calculator

Plan for your financial future by estimating your retirement savings and monthly income needs.

About Retirement Calculator

Our retirement calculator helps you plan for a secure financial future by estimating how much you need to save and what your retirement income will be. Adjust variables to see how different scenarios affect your retirement outlook.

Savings Projection

See how your current savings will grow over time with compound interest.

Income Estimation

Estimate your monthly retirement income based on your savings.

Personalized Advice

Get tailored recommendations to improve your retirement readiness.

Retirement Calculator

Current Age

years

Retirement Age

years

Current Retirement Savings

Annual Contributions

Desired Monthly Income in Retirement

Expected Annual Return Rate

Show Advanced Settings

Your Detailed Retirement Projection

Summary

Total Savings at Retirement

Monthly Income in Retirement

Monthly Income Gap

Retirement Income Progress

0% 100%

Detailed Breakdown

Savings Growth

Current Savings

Future Value of Current Savings

Future Value of Annual Contributions

Future Value of Lump Sum

Total Savings at Retirement

Retirement Income

Years in Retirement

Monthly Income (Before Tax)

Tax Amount

Inflation Adjustment

Monthly Income (After Tax)

Year-by-Year Projection

Age	Year	Annual Contribution	Investment Return	End Balance

Personalized Recommendations

Understanding Retirement Planning

Retirement planning is the process of determining retirement income goals, and the actions and decisions necessary to achieve those goals. It includes identifying sources of income, estimating expenses, implementing a savings program, and managing assets and risk.

Key Factors in Retirement Planning

Start Early

The earlier you start saving for retirement, the more time your money has to grow through compound interest. Even small contributions can grow significantly over time.

Time is your greatest asset

Consistent Savings

Regular contributions to your retirement accounts, no matter how small, can add up over time. Consider increasing your savings rate as your income grows.

Consistency beats timing

Diversification

Spread your investments across different asset classes to reduce risk. A diversified portfolio can help protect your retirement savings from market volatility.

Don't put all eggs in one basket

Consider Inflation

Inflation erodes the purchasing power of your money over time. Your retirement plan should account for rising costs of living during your retirement years.

Plan for rising costs

Frequently Asked Questions

How does the Retirement Calculator work?

Our Retirement Calculator estimates how much you’ll have saved by retirement based on your current savings, annual contributions, expected return rate, and years until retirement. It uses compound interest to project your future balance.

What information do I need to use it?

You’ll need your current savings, annual contribution amount, expected annual return rate (e.g., 6%), years until retirement, and optionally, your desired retirement income or expenses.

Does it account for inflation?

Some versions allow you to input an inflation rate (e.g., 2-3%) to adjust future values. If not included, you can manually reduce the return rate to approximate inflation’s effect.

Can I include Social Security or pensions?

Advanced versions may let you add expected Social Security or pension income. Otherwise, calculate your savings separately and add those amounts manually to estimate your total retirement funds.

How accurate are the retirement projections?

The calculator provides accurate estimates based on your inputs and a steady return rate. Actual results may vary due to market volatility, unexpected expenses, or changes in income sources.