Retirement Calculator
Free retirement calculator: project your nest egg from current savings, monthly contributions, and expected returns. See what compounding can do.
About this tool
Retirement feels far away until you run the numbers - then it becomes the most motivating math you will ever do. Thanks to compound growth, money saved in your 20s and 30s does far more work than money saved later.
Enter your age, savings, monthly contributions, and expected return, and this retirement calculator projects what you will have when you stop working.
How to use
Type your current age and the age you plan to retire, your current retirement savings, how much you can contribute each month, and a realistic annual return percentage.
Press Calculate Retirement. You will see your projected nest egg, your total contributions, and how much came from investment growth - the last number is usually the eye-opener.
The math behind it
Future value combines two parts: your current savings growing untouched, plus your monthly contributions compounding. FV = PV(1+r)^n + PMT x (((1+r)^n - 1) / r), with r the monthly return and n the months until retirement.
For example, $10,000 saved plus $500/month at 7% for 30 years grows to roughly $691,000 - with only $190,000 of that being your own contributions.