📌 Overview

Estimate how much your retirement nest egg will grow, given current savings, monthly contributions and an expected annual return.

🌅 Retirement Calculator

Estimate how much your retirement nest egg will grow, given current savings, monthly contributions and an expected annual return.

Current age

Retire at

Current savings ($)

Monthly contribution ($)

Annual return (%)

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📋 How to Use

Enter your current age and planned retirement age.
Enter current savings and monthly contribution.
Enter expected annual return (e.g. 6%).
Click Calculate to see the projected balance.

❓ FAQ

What return rate should I use?

Historical stock/bond portfolios often average 5–8% after inflation over long periods, but returns vary year to year. Use a conservative number like 5–6% for planning.

Does this include inflation?

No — the result is in today’s nominal dollars of growth. For purchasing power you can subtract ~2–3% annual inflation mentally, or use a lower real return.

Is this a 401(k) or IRA calculator?

It models any tax-advantaged or taxable account the same way via compound growth; it does not model contribution limits or taxes.

❓ More Questions

What annual return should I use?

Long-term stock/bond portfolios have historically averaged around 5%–8% real return, but returns vary year to year. For planning, a conservative 5%–6% is safer.

Is the result in today’s dollars or future dollars?

This tool shows nominal growth, not inflation-adjusted. To estimate purchasing power, mentally subtract about 2%–3% annual inflation, or use a lower real return.

💡 Use Cases

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Goal check

See if you are on track.

💰

Boost savings

Test higher contributions.

🗓️

Retire early?

Model an earlier date.

🔗 Related Tools

📖 Deep Dive: Retirement Calculator

Compound growth is the core of retirement saving

Your money earns returns each year, and those returns earn returns — the longer the horizon, the stronger the snowball.

The formula

Future value FV = current savings × (1+r)^n + monthly contribution × [((1+r/12)^(12n) − 1) / (r/12)], where r is the annual return and n is years.

The advantage of starting early

Starting at 25 vs 35, even with the same monthly amount, the final gap can be several times larger because early contributions enjoy far more compounding time.

Notes

Results are estimates; real market returns are unpredictable

Taxes, inflation and withdrawal rules are not modelled

For reference only; consult a licensed adviser for major decisions