Retirement Savings Calculator
Retirement Savings Projection
A retirement calculator projects how much your savings will be worth when you retire, given your current savings, monthly contributions and expected investment return. It is a fast way to check whether you are on track - and how much more you might need to save.
Enter your current age, target retirement age, what you have saved so far, how much you add monthly, and a realistic annual return (6-8% for stock-heavy portfolios). The calculator compounds monthly and shows your projected balance, total contributions and growth.
Frequently Asked Questions
How much should I save for retirement?
A common rule of thumb is to save 15% of your gross income, including any employer match, throughout your career. Tools like this show whether that pace gets you to your target balance; many planners aim to replace 70-80% of pre-retirement income.
What return should I use in a retirement calculator?
Use a conservative, long-term average. Stocks have historically returned about 7-8% after inflation over long periods. For a safety margin, many planners model 5-6%. Always test with a few rates to see how sensitive the result is.
Does this account for inflation and taxes?
No - it projects nominal dollars. Inflation will reduce purchasing power, so consider using a return net of inflation (a "real" return) and remember that withdrawals from tax-deferred accounts are taxed as income.