Retirement Calculator

Estimate how much you need to save for retirement and how long your savings will last.

isCalculator Editorial Team Published by:
Reviewed by: Review Board
Last Updated:

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How to use this tool?

Follow these steps to use the Retirement Calculator:

  1. Enter your current age (e.g., 30).
  2. Enter your desired retirement age (must be greater than current age).
  3. Enter your current retirement savings in dollars (e.g., 50000).
  4. Enter your monthly contribution in dollars (e.g., 500).
  5. Enter your expected annual return as a percentage (e.g., 6 for 6%).
  6. Enter your life expectancy (must be greater than retirement age).
  7. Click "Calculate" to see results.

Results show:

  • Total savings at retirement (future value).
  • Estimated monthly income during retirement.
  • How long your savings will last (in months and years).

All monetary values are in US dollars. Use numbers only (no commas or symbols).

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Frequently Asked Questions

A retirement calculator estimates the future value of your savings and contributions, and how much monthly income you can expect during retirement based on your inputs.

This calculator provides estimates based on constant returns and contributions. Actual market returns may vary, so use it as a planning tool.

You can enter 0 for current savings. The calculator will still project future value based on your monthly contributions.

Reviewed by Experts

Carlos Bicho

Carlos Bicho

Financial Advisor

Private Banker & Financial Advisor

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Danilson Melicio

Danilson Melicio

Financial Advisor

Financial Markets Investor

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Eurico José Kiala

Eurico José Kiala

Mathematician

Teacher

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Francisco Saramango

Francisco Saramango

Board Financial Advisor

Financial Management and Accounting, Financial management and accounting

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Juliana Mayorca

Juliana Mayorca

Financial Advisor

Board-Level Advisor

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