Retirement Savings Calculator
Plan your future self.
Retirement Savings Calculator
FV = PV(1+r)^n + PMT x [(1+r)^n - 1] / r
Calculated instantly
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What This Calculator Does
The Retirement Savings Calculator projects whether your current savings and contributions will fund your desired retirement lifestyle. It accounts for inflation, investment returns, and Social Security to give a realistic picture.
How It Works
The calculator projects your savings growth based on current balance, monthly contributions, expected return, and years until retirement. It compares the projected nest egg against your retirement income needs.
Example
You have $50,000 saved, contribute $500/month, expect 7% returns, and plan to retire in 25 years. You will have about $536,000. With 4% withdrawal rate, that provides $21,440/year from savings plus Social Security.
Formula
FV = PV(1+r)^n + PMT x [(1+r)^n - 1] / rReading the Results
Projected Nest Egg
Your estimated retirement savings at the time you retire.
Annual Retirement Income
Using the 4% safe withdrawal rule, this is your annual income from savings.
Frequently Asked Questions
How much do I need to retire?
A common target is 25x your annual expenses. If you spend $50,000/year, aim for $1.25 million in savings.
What is the 4% rule?
The rule says you can safely withdraw 4% of your portfolio annually in retirement without running out of money over 30 years.
Should I include Social Security?
Yes, but do not rely on it fully. Treat it as supplemental income, not your primary retirement funding source.