Retirement Savings Calculator

Plan your retirement by calculating how much you need to save monthly. See how your savings grow over time and estimate your retirement income.

Retirement Balance
$1,392,280.089
At age 65
Monthly Income
$6,140.934
Including Social Security
Total Contributions
$260,000
Over 35 years
Investment Returns
$1,132,280.089
At 7% return
Made with financecalc.net

Understanding Retirement Planning

Planning for retirement is one of the most important financial decisions you'll make. This calculator helps you understand how your current savings and monthly contributions can grow over time to support your retirement goals.

Key Retirement Planning Concepts

  • The power of compound interest over long periods
  • Impact of inflation on purchasing power
  • Importance of starting early
  • Role of Social Security in retirement income

Pro Tip

The 4% rule suggests you can withdraw 4% of your retirement savings each year with a high probability of not running out of money. This calculator uses this rule of thumb to estimate your monthly retirement income.