🏖️ Retirement Calculator
Estimate how much you need to save for retirement. See your future savings balance and estimated monthly retirement income.
Retirement Savings Calculator
The Retirement Calculator helps you estimate how much your savings will be worth at retirement and what monthly income you can expect. Retirement planning is one of the most important financial goals, and starting early makes a significant difference due to the power of compound growth.
Enter your current age, planned retirement age, current savings, monthly contribution, expected annual return, and expected inflation rate. The calculator projects your future portfolio value at retirement and estimates your monthly withdrawal amount using the 4% safe withdrawal rule, adjusted for inflation.
This tool is designed to give you a realistic picture of your retirement readiness. By adjusting the inputs, you can explore different scenarios: What if you save more each month? What if you delay retirement by a few years? What if you achieve a higher investment return?
Frequently Asked Questions
How much should I save for retirement?
A common guideline is to save 10-15% of your gross income for retirement. Many financial advisors suggest having 10-12 times your final annual salary saved by retirement age.
What is a safe withdrawal rate?
The commonly cited 4% rule suggests you can safely withdraw 4% of your retirement savings in the first year, then adjust for inflation each year, with a high probability of not running out of money over a 30-year retirement.
How does inflation affect retirement savings?
Inflation reduces the purchasing power of your money over time. This calculator accounts for inflation by showing both the nominal future value and the inflation-adjusted (real) value of your savings.