Retirement Calculator
Estimate how much you'll have saved for retirement based on your current savings, monthly contributions, and expected return on investment.
How Is This Calculated?
This calculator projects your retirement savings by compounding your current savings and monthly contributions at your expected annual return rate. It uses monthly compounding to simulate realistic investment growth over the years until your target retirement age.
Frequently Asked Questions
How much do I need to retire?
A common rule of thumb is to have 25 times your annual expenses saved (the 4% rule). If you spend $50,000/year, aim for $1.25 million. However, this varies based on lifestyle, healthcare costs, Social Security, and other factors.
What is a reasonable rate of return to expect?
A diversified stock portfolio has historically returned about 7-10% annually before inflation. A more conservative portfolio mixing stocks and bonds might return 5-7%. Use a conservative estimate for planning.
When should I start saving for retirement?
The earlier the better. Starting at 25 vs. 35 can mean hundreds of thousands more at retirement due to compound interest. Even small amounts early on can grow significantly over decades.