How to Use
- 1.
Enter your current age, planned retirement age, and the age through which you want to plan.
- 2.
Add your current retirement balance, monthly contribution, and any one-time deposit.
- 3.
Enter annual salary and employer match percentage if your plan offers a match.
- 4.
Set expected return, inflation, annual contribution increase, and a target stated in today's money.
- 5.
Enter expected monthly retirement spending, healthcare, Social Security or public benefits, and pension income.
- 6.
Review projected savings, required contribution, inflation-adjusted value, income estimate, withdrawal runway, and age scenarios.
Features
Current age, retirement age, and planning life expectancy inputs
Current account balance, monthly contributions, and one-time deposits
Employer match estimate based on salary and match percentage
Annual contribution increase and expected investment return assumptions
Inflation-adjusted future target and purchasing-power estimate
Required monthly contribution and retirement readiness gap
Pre-tax, Roth, and taxable account context with simplified tax estimate
Social Security, public benefit, pension, spending, and healthcare inputs
Monthly withdrawal estimate and modeled savings runway
Retirement age scenario comparison and interactive projection charts
Currency selection and copyable summary
Frequently Asked Questions
How much should I save for retirement each month?+
It depends on your age, current balance, retirement age, target, expected return, inflation, employer match, benefits, and spending. Enter those assumptions to estimate a monthly contribution target, then test a range rather than relying on one projection.
How does this retirement calculator estimate future savings?+
It compounds the entered balance and monthly contributions at a constant monthly equivalent of your expected annual return, then includes the employer match and contribution increase assumptions you provide.
Does the calculator account for inflation?+
Yes. It estimates future target dollars and translates the projected balance into approximate purchasing power in today's money using your inflation assumption.
Does it include Social Security or pension income?+
You can enter monthly benefit and pension estimates. The calculator does not determine official benefit eligibility or calculate government benefit amounts.
How is retirement income estimated?+
The estimate applies your selected withdrawal rate to the projected balance and adds the benefit and pension amounts entered. It is not a guaranteed income or a recommendation for a safe withdrawal rate.
How long will my retirement savings last?+
The runway is a simplified scenario based on entered spending, healthcare, benefits, inflation, tax treatment, and returns. Market volatility and actual withdrawals can make real results substantially different.
Does this use current 401(k), IRA, or EPF contribution limits?+
No. Account rules and contribution limits change and differ by country and plan. The calculator accepts your own contribution assumptions and does not validate legal limits.
Is this retirement calculator financial advice?+
No. It is an educational estimate, not financial, tax, investment, or legal advice. Consider multiple scenarios and verify important decisions with a qualified professional.
About this tool
Free Retirement Calculator
Use this retirement calculator to estimate how your savings and regular contributions could grow by your planned retirement age. Enter your current age, retirement age, account balance, monthly contribution, expected return, employer match, and inflation assumption. The calculator estimates a future balance, investment growth, purchasing power in today's money, retirement income, savings goal gap, and how long your funds may last under the spending assumptions you enter. ## How retirement savings projections work The projection applies a constant annual return assumption to your current balance and monthly contributions. You can include a one-time deposit and an annual contribution increase to model a simple savings plan. Employer match is estimated from salary and the match percentage you enter; real plan rules, vesting schedules, contribution caps, and matching limits vary by employer. ## Inflation-adjusted retirement value A future account balance is stated in future dollars. Inflation-adjusted value translates that estimate into approximate purchasing power in today's dollars using the rate you enter. The future target is also adjusted for inflation, so the readiness estimate compares projected savings with a target expressed in a consistent future-dollar basis. These are assumptions, not forecasts. ## Estimate retirement income and how long savings may last The monthly income estimate applies your selected withdrawal rate to the projected balance and adds the Social Security or public benefit and pension amounts you enter. The runway chart estimates the balance through your planning age using the entered spending, healthcare, benefit, tax, inflation, and return assumptions. It is a simplified illustration: actual withdrawals, market sequences, benefit eligibility, healthcare costs, and taxes can differ substantially. ## Compare retirement ages and savings goals Compare projected balances at common retirement ages and use the required monthly contribution estimate to close a target gap. Test different ages, contribution amounts, match assumptions, returns, and inflation rates. A higher modeled return is not guaranteed and usually involves different investment risk. ## Account and tax assumptions Choose pre-tax, Roth, or taxable to make the displayed withdrawal estimate easier to interpret. The tax input is only a simplified estimate for pre-tax withdrawals; Roth eligibility and qualified-distribution rules, taxable investment gains, state or local taxes, and account-specific treatment are not modeled. Country-specific Social Security, pension, 401(k), IRA, EPF, and other account rules are not automatically applied. This calculator is for educational planning only, not investment, tax, legal, or financial advice. It does not fetch live rates, forecast markets, calculate official Social Security benefits, or guarantee that funds will last. Consider a range of assumptions and consult a qualified professional for decisions.
For shorter-term targets, use the CD Calculator to model a fixed-term savings option alongside your retirement assumptions. For regular contribution goals, try the Savings Goal Calculator. For a separate comparison of Social Security claiming ages, try the Social Security Benefits Calculator. You can also review your full asset and debt picture with the Net Worth Calculator, or compare investment growth assumptions with the ROI Calculator. To understand how prices may affect future goals, use the Inflation Calculator.