Retirement calculator
Estimate how your current savings and monthly contributions could grow by retirement, then compare the balance with a simple 4% income estimate.
Projected Retirement Savings
$0What it does
The calculator projects a retirement balance using current savings, monthly contributions, expected return, and years until retirement. It also shows a simple 4% annual income estimate.
Use it to understand whether contribution level, timeline, or return assumption has the biggest effect on your projected balance.
How to use it
Enter your current age and target retirement age. Add current savings and the amount you contribute each month.
Then compare the 4% income estimate with your annual spending target. If the gap is large, test higher contributions or a longer timeline.
Important limits
Real retirement planning can involve taxes, employer matches, inflation, Social Security, pensions, healthcare costs, investment allocation, and withdrawal timing. This calculator keeps the math simple so you can test broad scenarios quickly.
What affects it
The biggest levers are time, contribution amount, current savings, and investment return. Starting earlier gives contributions more years to compound, while a higher monthly contribution can help close a gap even when the timeline is shorter.
Employer matches, raises, contribution limits, account fees, taxes, asset allocation, and inflation can also change the outcome. This calculator keeps those details outside the main estimate so the core savings math stays easy to compare.
Withdrawal estimate
The calculator shows a simple estimate of annual retirement income by multiplying the projected balance by 4%. For example, a $1,000,000 projected balance would show about $40,000 per year using that rule of thumb.
This is not a guarantee or a personalized withdrawal plan. A real retirement income plan may adjust withdrawals for market conditions, taxes, inflation, healthcare costs, pension income, Social Security, and required minimum distributions.
FAQ
Should I include employer match? Yes, if you want the monthly contribution field to reflect total dollars going into retirement accounts.
Is the expected return guaranteed? No. Investments can gain or lose value, and long-term returns may differ from your assumption.
Does this include inflation? No. Treat the result as a rough planning estimate and adjust separately for future buying power.