Retirement Savings Calculator Online | Retirement Planning Calculator
Plan for your future with our comprehensive retirement savings calculator and retirement planning calculator. Calculate retirement savings needs, set retirement goals, and use our golden years planner and retirement savings estimator for effective financial planning toward your ideal retirement lifestyle.
Retirement Savings Calculator
Your current age in years.
The age at which you plan to retire.
The amount you've already saved for retirement.
The amount you plan to save each month.
Your expected annual investment return.
Expected annual inflation rate.
Typical Use Cases
Perfect for individuals planning their retirement, our retirement planning calculator helps you estimate savings required based on your lifestyle and retirement age. Use our golden years planner to see how increasing your monthly contributions or adjusting your retirement age can impact your financial future. Our retirement savings estimator provides comprehensive retirement calculator projections for effective long-term financial planning.
How It Works
The retirement savings calculator uses compound interest principles to project the growth of your savings over time until retirement.
Where:
- P = Principal (current savings)
- M = Monthly contribution
- r = Annual interest rate (decimal)
- rmonthly = Monthly interest rate
- n = Number of months until retirement
- t = Number of years until retirement
- i = Inflation rate (decimal)