Retirement Calculator
Easily project your retirement savings and income
Calculator Inputs
Retirement projection
Results
Projection summary
Balance at Retirement
$1,387,339
Total Contributions
$300,000
Portfolio Balance Over Time
Accumulation by year
Yearly Breakdown
First 15 years. Download full schedule for all 25 years.
| Year | Phase | Balance | Contribution |
|---|---|---|---|
| 1 | accumulation | $119,694 | $12,000 |
| 2 | accumulation | $140,811 | $12,000 |
| 3 | accumulation | $163,456 | $12,000 |
| 4 | accumulation | $187,737 | $12,000 |
| 5 | accumulation | $213,773 | $12,000 |
| 6 | accumulation | $241,692 | $12,000 |
| 7 | accumulation | $271,628 | $12,000 |
| 8 | accumulation | $303,729 | $12,000 |
| 9 | accumulation | $338,151 | $12,000 |
| 10 | accumulation | $375,061 | $12,000 |
| 11 | accumulation | $414,639 | $12,000 |
| 12 | accumulation | $457,078 | $12,000 |
| 13 | accumulation | $502,585 | $12,000 |
| 14 | accumulation | $551,382 | $12,000 |
| 15 | accumulation | $603,706 | $12,000 |
How It Works
Here’s a step-by-step guide to using this calculator:
1. Enter Your Details
You’ll fill in the following fields:
- Current Retirement Savings ($): The amount you already have saved for retirement.
- Annual Contribution ($): How much you plan to add to your retirement savings each year.
- Years Until Retirement: The number of years you plan to keep working and contributing.
- Expected Annual Return (%): Your estimated average yearly investment growth rate before retirement.
- Annual Income Target in Retirement ($): The yearly income you want to withdraw once you retire.
- Retirement Duration (Years): How many years you expect to need retirement income.
- Expected Return During Retirement (%): Your estimated average yearly investment growth rate after retirement begins.
After entering your information, click Calculate to view your results. If you’d like to start over, click Reset.
2. Review the Results
The calculator provides:
- Balance at Retirement: The projected savings you’ll have when you retire.
- Total Contributions: The sum of all your annual contributions before retirement.
- Annual Income Target: The amount you wish to withdraw each year in retirement.
- Can Meet Income: Indicates whether your savings and expected growth will support your income goal for the full retirement duration.
3. Explore Visualizations
- Portfolio Balance Over Time: This chart shows how your savings accumulate before retirement and how they are drawn down after withdrawals begin.
- Balance & Withdrawal in Retirement: See how your remaining balance and annual withdrawals change each year during retirement.
4. Yearly Breakdown
View a detailed schedule showing your projected balance, phase (accumulation or retirement), and withdrawals for each year. The first 15 years are displayed, and you can download the full schedule for more details.
5. Export and Share
Easily copy your results or export them as a PDF or Excel file. This makes it simple to save your projections or share them with a financial advisor or loved one.
Understanding Retirement Planning
Planning for retirement is about ensuring you have enough savings to support your lifestyle when you stop working. Many people wonder: Will my savings last? How much should I contribute each year? How do investment growth and withdrawals impact my retirement funds over time?
A retirement calculator helps answer these questions by projecting how your savings can grow and how long they may last once you begin withdrawing funds. It empowers you to make informed decisions about contributions, income goals, and investment returns so you can approach retirement with confidence.
How This Calculator Helps
This retirement calculator is designed to give you a clear, personalized projection of your financial future. It helps you:
- Estimate how much your retirement savings could grow based on your current balance, annual contributions, and expected rate of return.
- See if your savings will meet your annual income target during retirement.
- Understand both the accumulation phase (while you're saving) and the retirement phase (when you're withdrawing funds).
- Review your projected balance at retirement, total contributions, and whether you can meet your desired retirement income.
With straightforward inputs and easy-to-read results, this calculator provides real, actionable insights so you can adjust your savings plan as needed.