Retirement Calculator
Estimate whether your savings and contributions will meet your retirement income goals.
Projected Balance at Retirement
Total Contributions
Investment Growth
Annual Retirement Income
Monthly Retirement Income
How the Retirement Calculator Works
This calculator projects how large your retirement nest egg could grow by the time you stop working. It starts with your current savings, adds your monthly contributions, and compounds the total each month at your expected annual rate of return. The number of years until retirement is simply your retirement age minus your current age.
The Power of Compounding
Compounding means your investment returns earn their own returns over time. Because every contribution has more years to grow, starting early and contributing consistently can dramatically increase your final balance. Even small monthly amounts can become substantial over several decades of compound growth.
The 4% Rule
The 4% rule is a common guideline for estimating how much you can safely withdraw from your retirement savings each year without running out of money. It suggests withdrawing about 4% of your nest egg in the first year of retirement, then adjusting for inflation in later years. This calculator uses your chosen safe withdrawal rate (4% by default) to estimate your annual and monthly retirement income.
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Disclaimer: This calculator provides estimates for educational purposes only. Results do not account for taxes, fees, inflation, or market fluctuations. Actual investment returns may vary. Consult with a qualified financial advisor before making retirement decisions.