Retirement Calculator — simple
Estimate retirement savings needed and projected growth.
At retirement
$1,130,650
Total contributed
$230,000
Investment growth
$900,650
How to use Retirement Calculator
Enter Your Current Age
Click the 'Current Age' input field at the top of the calculator and type your age in years. The field accepts numbers only between 18 and 100. This establishes your starting point for retirement projections.
Input Your Retirement Age Goal
Locate the 'Retirement Age' field below the current age input and enter the age you plan to retire. Typical values range from 55 to 75. The calculator will automatically compute years until retirement.
Enter Your Current Savings Balance
Find the 'Current Savings' field and input your total retirement account balance (401k, IRA, brokerage accounts combined). Use numbers without commas or dollar signs. Leave blank if you have no current savings.
Set Your Annual Contribution Amount
Click the 'Annual Contribution' field and enter how much you plan to save yearly in dollars. This can include 401k contributions, IRA deposits, and employer matches combined.
Specify Your Expected Annual Return Rate
Enter the 'Annual Return Rate' percentage you expect on investments (typical range 5-8% for balanced portfolios). Click the info icon next to this field for historical market return guidance.
Input Your Expected Retirement Expenses
Enter your estimated annual living expenses in retirement dollars in the 'Annual Expenses' field. Include housing, healthcare, food, and leisure costs. The calculator uses this to determine how long your savings will last.
View Your Results
Click the blue 'Calculate' button to generate your retirement projection. Results display in three sections: total savings at retirement, monthly income available, and years your savings will sustain you.