Retirement Savings Calculator

Free Retirement Savings Calculator

Use this free retirement savings calculator to project how your current savings and monthly contributions could grow by your target retirement age, based on an expected annual return.

This tool is useful for getting a rough sense of whether your current savings plan is on track, though actual results depend on real market performance.

How to Use the Retirement Savings Calculator

• Enter your current age and target retirement age.
• Enter your current savings and monthly contribution.
• Enter an expected annual return percentage.
• Click Calculate Projection to see your estimated total instantly.

Features

• Projects total savings growth using compound interest.
• Breaks down total contributions versus investment growth.
• Works with any currency.
• Mobile-friendly with print, share, copy, and download options.

Frequently Asked Questions

How is the projection calculated?

This calculator uses a standard compound interest formula, applying your expected annual return to your current savings and adding your monthly contributions over time until your target retirement age.

What return rate should I use?

This varies widely by investment type and risk tolerance. Many long-term stock market projections use a range around 6-8% per year before inflation, but you should use a rate that reflects your actual investment strategy.

Does this account for inflation or taxes?

No, this is a simplified projection that doesn't account for inflation, taxes, or fees, all of which can meaningfully affect your real purchasing power at retirement.

Is this calculator free?

Yes, this retirement savings calculator is completely free to use with no sign-up required.

Related Calculators

Want to know your exact retirement date instead? Try our retirement age calculator. Curious about your exact current age? Check the age calculator. Want to see how many working days remain? Use the work days calculator.