🏖️ Free Retirement Calculator
Estimate your retirement savings and how long they will last.
What is this tool?
Our free retirement calculator helps you estimate how much you need to save for a comfortable retirement. It projects your savings growth during working years and calculates how much monthly income your nest egg can provide in retirement.
How it works
The calculator projects savings growth using monthly compounding during your working years, then divides the final amount by your expected retirement years to estimate annual and monthly income.
How to use
- Enter your current age and desired retirement age.
- Input current savings and monthly contribution.
- Set expected annual return rate.
- Enter your life expectancy.
- Click Calculate to see your projected retirement finances.
Reference Table
| Start Age | $500/mo at 65 | $1000/mo at 65 |
|---|---|---|
| 25 | $1.2M | $2.4M |
| 35 | $567K | $1.1M |
| 45 | $246K | $492K |
Frequently Asked Questions
How much do I need for retirement?
A common rule of thumb is 10-12 times your final salary. Use this calculator to find your personalized number.
What return rate should I use?
7% is a common conservative estimate for a diversified stock portfolio before retirement, dropping to 4-5% after retirement.
Tips & Advice
Start saving early - the difference between starting at 25 vs 35 can be hundreds of thousands of dollars. Maximize employer 401(k) matching contributions.
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