📈 Compound Interest Calculator
Estimate how savings and recurring contributions grow over time with compound returns.
Retirement Calculator
Use this free retirement calculator to estimate how much your retirement savings could grow by retirement age. It targets common searches like retirement calculator, retirement savings calculator, and am I on track for retirement.
Interactive calculator
$
$
% / yr
%
Projected Balance
$2,842,132
Years Until Retirement
30
Total Contributed
$690,000
Investment Gains
$2,152,132
Estimated Retirement Income
$113,685/yr
Withdrawal Rate
4%
How the math works
Formula
FV = PV(1 + r)^n + PMT × [(1 + r)^n − 1] / r
- FVRetirement nest egg at target age
- PVCurrent retirement savings balance
- rAnnual return rate during accumulation
- nYears until retirement
- PMTAnnual contribution to retirement accounts
Plain English
To estimate safe annual spending in retirement, divide your nest egg by 25 (the 4% rule). Need $60,000/year? Save roughly $1.5M. This calculator works from your current savings and annual contribution to show what balance you will reach by your target retirement age.
How to use this calculator
- 1
Enter your current age, target retirement age, current retirement savings, annual contribution, and expected annual return.
- 2
Review the projected retirement balance and estimated income support at retirement.
- 3
Adjust contributions or retirement age to compare conservative and aggressive plans.
Why this number matters
Retirement planning depends on time, contribution rate, return assumptions, and target income needs. A dedicated retirement calculator makes it easier to translate those variables into a practical savings target and identify whether you need to save more or work longer.
What this calculator helps you answer
- •How much could my retirement balance be at age 65?
- •Am I on track based on my current savings and annual contributions?
- •How much annual retirement income could my portfolio support?
Frequently asked questions
What rate of return should I use for a retirement calculator?+
That depends on your investment allocation and whether you want nominal or inflation-adjusted assumptions. Many people compare multiple scenarios rather than relying on a single rate.
How much retirement income can a portfolio support?+
A common planning shortcut is to multiply the retirement balance by a withdrawal rate such as 4%, but actual sustainable withdrawals depend on spending flexibility, market conditions, taxes, and time horizon.
Should retirement calculators include inflation?+
Yes in strategic planning. Inflation affects future purchasing power, which means a nominal balance can look large while delivering less real spending power than expected.
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