Retirement Calculator
Plan your retirement savings with contribution growth, Social Security, and withdrawal estimates.
How to Use the Retirement Calculator
- Enter your current age and desired retirement age.
- Input your current savings, monthly contribution, and expected annual return rate.
- Set your monthly retirement income goal.
- Click Calculate Retirement Plan to see projected savings and any shortfall.
Formula & Method
Future Value of Savings:FV = PV × (1 + r)^n + PMT × [((1 + r)^n - 1) / r]
Where PV = current savings, r = monthly return rate, n = months until retirement, PMT = monthly contribution.
Safe Withdrawal: Needed = Annual Goal / 0.04 (4% rule)
Examples
| Age | Retire | Savings | Monthly | Return | Projected |
|---|---|---|---|---|---|
| 30 | 65 | $50,000 | $500 | 7% | $1,142,000 |
| 40 | 65 | $100,000 | $1,000 | 6% | $838,000 |
Frequently Asked Questions
What is the 4% rule?
A guideline suggesting you can safely withdraw 4% of your retirement savings annually.
How accurate are the projections?
Projections depend on consistent returns; actual market performance varies.
Should I include Social Security?
Yes, subtract expected Social Security from your income goal for a more accurate savings target.
What if I start saving late?
You may need to increase contributions significantly or delay retirement.
Is inflation accounted for?
Not directly; consider using a real (inflation-adjusted) return rate.
People Also Ask
How accurate is this calculator?
Our calculators use standard mathematical formulas and provide accurate results.
Can I use this on my phone?
Yes, all tools are fully responsive and work on any device.