Use this retirement savings calculator to see how much you should be saving each month to build the retirement fund you need, taking into account your current savings and expected investment returns.
Retirement Savings Calculator
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How to Use This Calculator
Enter your current age, target retirement age, desired savings total, expected annual return, and current savings.
- Current Age — your age today.
- Retirement Age — when you plan to retire.
- Desired Savings — the total pot you want at retirement.
- Annual Return — the expected investment growth rate per year (5–7% is commonly used).
- Current Savings — what you have already saved for retirement.
Frequently Asked Questions
How much do I need to retire?
A common rule of thumb is 25× your expected annual expenses (the “4% rule”).
What return rate should I use?
Historically, a diversified equity portfolio returns around 7% per year before inflation. Use 5% for a conservative estimate.
How accurate is the Retirement Savings Calculator?
The Retirement Savings Calculator gives a solid mathematical projection, but remember that market returns fluctuate, so you should revisit it annually.
Does the Retirement Savings Calculator account for taxes?
No, the Retirement Savings Calculator projects gross portfolio value. Withdrawals from Traditional accounts will be taxed later.
What inflation rate does the Retirement Savings Calculator use?
The Retirement Savings Calculator projects nominal returns. We recommend entering an inflation-adjusted (“real”) return rate, such as 5% or 6%, to be safe.