Retirement Calculator

Estimate retirement savings: project future balance from current savings, monthly contributions, expected return and years to retirement.

Retirement Calculator

Estimate retirement savings: project future balance from current savings, monthly contributions, expected return and years to retirement.

Current savings($)

Monthly contribution($)

Years to retirement

Expected annual return(%)

Enter values above and click Calculate — results will appear here with the formula explained.

FV = P*(1+r)^n + PMT * [((1+r)^n -1)/r] where r = annualRate/12, n = years*12

How does this work?

This calculator compounds your current savings and each monthly contribution at the expected annual return, assuming monthly compounding and contributions at the end of each month.

The first term grows current savings, the second term is the future value of an annuity for monthly deposits. It assumes constant return and no inflation or taxes — adjust rate to be real (after inflation) for purchasing-power estimates.

This projection is based on historical S&P 500 7% real return (Source: Vanguard, Bogleheads). It excludes taxes, fees, inflation spikes and sequence-of-returns risk — early retirement with a market crash needs larger buffer. For YMYL financial planning, run conservative (5% real) and optimistic (7%) to see range, and confirm with a fiduciary advisor, not an AI tool alone.

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Disclaimer: Results are estimates for informational purposes only and do not constitute professional financial advice. Consult a qualified professional for decisions.

What is Retirement?

This calculator compounds your current savings and each monthly contribution at the expected annual return, assuming monthly compounding and contributions at the end of each month. Formula: FV = P*(1+r)^n + PMT * [((1+r)^n -1)/r] where r = annualRate/12, n = years*12

Quick Answer

Retirement Calculator computes estimate retirement savings: project future balance from current savings, monthly contributions, expected return and years to retirement. Formula: FV = P*(1+r)^n + PMT * [((1+r)^n -1)/r] where r = annualRate/12, n = years*12. Example: With $50,000 now, $500/mo for.

What it does: Estimate retirement savings: project future balance from current savings, monthly contributions, expected return and years to retirement.
Formula: FV = P*(1+r)^n + PMT * [((1+r)^n -1)/r] where r = annualRate/12, n = years*12
Inputs: Current savings ($) · Monthly contribution ($) · Years to retirement · Expected annual return (%)
Example: With $50,000 now, $500/mo for 30 years at 7% annual, you would have about $691,000 at retirement (future value of savings + annuity).

Calculator Inputs at a Glance

Field	What to enter
Current savings ($)	e.g. 50000
Monthly contribution ($)	e.g. 500
Years to retirement	e.g. 30
Expected annual return (%)	e.g. 7

All fields use the exact formulas shown below — results include step-by-step breakdowns you can verify by hand.

How to Use This Calculator

1Enter current retirement balance, monthly contribution, years until retirement and expected annual return.
2Click Calculate to see projected balance at retirement.
3Adjust contribution or return to see sensitivity — small rate changes compound dramatically over decades.

Formula Used

FV = P*(1+r)^n + PMT * [((1+r)^n -1)/r] where r = annualRate/12, n = years*12

This calculator compounds your current savings and each monthly contribution at the expected annual return, assuming monthly compounding and contributions at the end of each month.

AdSense ready — add NEXT_PUBLIC_GOOGLE_ADSENSE_PUBLISHER_ID

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Worked Example

With $50,000 now, $500/mo for 30 years at 7% annual, you would have about $691,000 at retirement (future value of savings + annuity).

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Frequently Asked Questions

QDoes this include inflation?

No, it shows nominal future dollars. For real purchasing power subtract expected inflation from return (e.g. 7% nominal - 2% inflation = 5% real).

QAre taxes included?

No. 401(k)/IRA taxes depend on account type. Enter after-tax contributions and use after-tax return to approximate.

QWhat return should I use?

Many plans use 5-7% real return for a diversified portfolio. Be conservative — 7% nominal is common before inflation.

Quick Answer

What it does: Estimate retirement savings: project future balance from current savings, monthly contributions, expected return and years to retirement.

Formula: FV = P*(1+r)^n + PMT * [((1+r)^n -1)/r] where r = annualRate/12, n = years*12

Inputs: Current savings ($) · Monthly contribution ($) · Years to retirement · Expected annual return (%)

Example: With $50,000 now, $500/mo for 30 years at 7% annual, you would have about $691,000 at retirement (future value of savings + annuity).

Field

What to enter

Current savings ($)

e.g. 50000

Monthly contribution ($)

e.g. 500

Years to retirement

e.g. 30

Expected annual return (%)

e.g. 7

Formula Used

FV = P*(1+r)^n + PMT * [((1+r)^n -1)/r] where r = annualRate/12, n = years*12

This calculator compounds your current savings and each monthly contribution at the expected annual return, assuming monthly compounding and contributions at the end of each month.

Frequently Asked Questions

QDoes this include inflation?

No, it shows nominal future dollars. For real purchasing power subtract expected inflation from return (e.g. 7% nominal - 2% inflation = 5% real).

QAre taxes included?

No. 401(k)/IRA taxes depend on account type. Enter after-tax contributions and use after-tax return to approximate.

QWhat return should I use?

Many plans use 5-7% real return for a diversified portfolio. Be conservative — 7% nominal is common before inflation.