Retirement Calculator
Plan your financial future by calculating projected retirement savings based on your current age, savings, monthly contributions, and expected returns. See detailed breakdowns with inflation-adjusted values and investment growth projections.
🏖️ Retirement Calculator
Plan your retirement savings and future
How to Use This Calculator
Step 1: Enter Personal Information
- Current Age: Enter your current age (e.g., 30)
- Retirement Age: Enter your target retirement age (e.g., 65)
Step 2: Enter Financial Details
- Current Savings: Enter your existing retirement savings amount (e.g., $50,000)
- Monthly Contribution: Enter how much you plan to save each month (e.g., $500)
Step 3: Enter Investment Assumptions
- Expected Annual Return: Enter expected investment return rate (typically 6-8% for balanced portfolios)
- Expected Inflation Rate: Enter expected inflation rate (typically 2-3% historically)
Step 4: Calculate
Click the “Calculate” button to see:
- ✅ Projected Retirement Savings – Total savings at retirement age
- ✅ Years to Retirement – How many years until you retire
- ✅ Total Contributions – Sum of all your deposits
- ✅ Savings Breakdown – Detailed view of growth sources
- ✅ Real Value – Inflation-adjusted purchasing power
- ✅ Retirement Timeline – Visual progress bar with year projection
Step 5: Review Results
Main Display:
- A large number shows the total projected savings at retirement
Statistics:
- Years remaining until retirement
- Total amount you’ll contribute
Breakdown Section:
- Initial Savings Growth (from current savings)
- Contributions Total (all monthly deposits)
- Investment Gains (earnings from compound interest)
- Real Value (adjusted for inflation to show true purchasing power)
Timeline:
- Progress bar showing retirement journey
- Exact year you’ll reach retirement age
Clear Button
Click “Clear” to reset all fields and start a new calculation.
💡 Quick Example
Scenario: 30-year-old planning for retirement
- Current Age: 30
- Retirement Age: 65
- Current Savings: $25,000
- Monthly Contribution: $500
- Expected Return: 7% annually
- Inflation Rate: 3%
Result: Projected retirement savings of approximately $1.2M (varies based on returns)
✨ Features
- Compound interest calculations
- Inflation adjustment for real value
- Visual timeline progress bar
- Detailed savings breakdown
- Investment gains tracking
- Real-time calculations
- Mobile responsive design
- Enter key support for quick calculations
📊 Understanding Your Results
Projected Retirement Savings: Total amount in your retirement account at retirement age
Total Contributions: Your initial savings + all monthly deposits over the years
Investment Gains: Money earned through compound interest and investment returns
Real Value: What your savings will actually be worth in today’s dollars after accounting for inflation
💰 Tips for Better Planning
- Conservative Estimates: Use 6-7% return for conservative planning
- Factor Inflation: Always check the inflation-adjusted value
- Review Regularly: Update your plan annually as circumstances change
- Increase Contributions: Even small increases can make big differences over time
What is a retirement calculator?
A retirement calculator helps estimate how much money you may have saved by retirement based on your age, savings, contributions, and expected investment returns.
How accurate is this retirement calculator?
This calculator provides estimates based on the values entered. Actual retirement savings may vary depending on market performance, inflation, and personal financial decisions.
Does this calculator adjust for inflation?
Yes, the retirement calculator includes an inflation rate to show the real value of your retirement savings over time.
Can I use this retirement calculator for free?
Yes, this retirement calculator is completely free to use and works on all devices without registration.
What inputs are required to calculate retirement savings?
You need to enter your current age, retirement age, current savings, monthly contribution, expected annual return, and inflation rate.