๐๏ธRetirement Calculator
See how much you'll have saved by retirement.
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About this calculator
This retirement calculator projects how large your nest egg could grow by the time you retire. It compounds your existing savings plus the fixed amount you add each month at your expected annual return, then shows how much of the final balance is your own contributions versus investment growth. Starting early and contributing consistently makes a dramatic difference thanks to compounding.
Formula
Future value = current savings ร (1 + i)^n + monthly ร ((1 + i)^n โ 1) รท i ร (1 + i), where i = monthly return and n = months until retirement.
How to use
Enter your Current Age, Retirement Age, Current Savings, Monthly Contribution, Expected Return (p.a.) above โ the result updates instantly as you type or drag the sliders. It's free and needs no sign-up.
Frequently Asked Questions
What return rate should I assume?
A long-term diversified portfolio is often modelled at around 6โ8% before inflation, but this varies. Try a few rates to see a realistic range rather than a single number.
Does this account for inflation?
No โ the figure is in today's contribution terms at a nominal return. For purchasing power, compare against the Inflation calculator.