Finance

Retirement Savings Estimate Calculator

Roughly project a retirement balance from current savings, monthly contributions, and return.

This balance is the estimated amount available at retirement from the current savings and monthly contributions entered, including assumed investment growth.

Formula

The balance is the growth of current savings plus the future value of monthly contributions at the monthly return rate.

How it works

This is a long-range estimate, not a retirement plan. Real returns vary, and withdrawals, taxes, and inflation are not included.

Worked example

For example, $25000 of current savings plus $500 a month for 30 years at 7% annual return gives an estimated balance at retirement of $812897.93.

FAQs

Should I include inflation?
For a real-terms view, use a return net of inflation, for example 7% return minus 3% inflation is about 4%.

Does it say if I have enough?
No — compare the result with your expected retirement spending separately.

Why start early?
More years of compounding make a bigger difference than larger late contributions.

Are these figures financial advice?
No — they are estimates for planning only, not financial advice. Check with a qualified adviser for decisions involving large sums.

Estimates only, not financial advice. Figures are approximate and do not include all fees, taxes, or changing rates unless stated.

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