Retirement Savings Calculator
Estimate how much you need to save for retirement and project your savings growth over time.
Published by:
isCalculator Editorial Team
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How to use this tool?
Follow these steps to calculate your projected retirement savings:
- Enter your current age (0–100) in the "Current Age" field.
- Enter your planned retirement age (0–100, must be greater than current age) in the "Retirement Age" field.
- Enter your current savings (in dollars, non-negative) in the "Current Savings" field.
- Enter your monthly contribution (in dollars, non-negative) in the "Monthly Contribution" field.
- Enter your expected annual return (as a percentage, 0–100) in the "Expected Annual Return" field.
- Enter the inflation rate (as a percentage, 0–100) in the "Inflation Rate" field.
- Click the "Calculate" button.
The result shows the future value of your savings at retirement, adjusted for inflation. All values must be non-negative, and ages must be between 0 and 100. If any input is invalid, an error message will appear.
Previous Results
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Frequently Asked Questions
The future value is calculated using the future value of a series formula, assuming monthly compounding. The result is then adjusted for inflation to show the purchasing power at retirement.
You need your current age, desired retirement age, current savings, monthly contribution, expected annual return, and inflation rate.
This calculator provides an estimate based on constant contribution and return rates. Actual results may vary due to market fluctuations and changes in savings behavior.
