Retirement Savings Calculator — Plan Your Financial Future
Estimate how much you'll have at retirement based on your current savings, monthly contributions, and expected returns.
What is Retirement Savings Calculator?
The Retirement Savings Calculator projects how much money you'll accumulate by retirement based on your current savings, monthly contributions, and expected investment returns. It also estimates your potential monthly retirement income using the popular 4% withdrawal rule, which financial planners consider a sustainable withdrawal rate over a 30-year retirement.How to Use
Enter your current age, target retirement age, existing savings, planned monthly contribution, and expected annual return (historically, diversified stock portfolios average 7-10%). The calculator shows your projected balance and estimated monthly income.Examples
Starting at age 30 with $50,000, contributing $500/month at 7% annual return until age 65: projected fund of ~$1,050,000, providing ~$3,500/month using the 4% rule.FAQ
What is the 4% rule?
A guideline suggesting you can withdraw 4% of your portfolio annually in retirement without running out of money over 30 years.
What annual return should I assume?
Historically, the S&P 500 has returned ~10% before inflation (~7% after). A 6-8% assumption is conservative for a diversified portfolio.
How much should I save for retirement?
Aim to replace 70-80% of your pre-retirement income. A common target is 10-15x your annual salary by retirement.
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Disclaimer: Results are estimates. Consult a professional for important decisions.