Retirement Calculator
Plan your retirement savings and see projected growth
How to Use
- Enter your current age and target retirement age
- Enter your current savings balance
- Enter your monthly contribution amount
- Set the expected annual return rate and inflation rate
- View projected savings and estimated monthly withdrawals
FAQ
How is retirement savings projected?
The calculator compounds your current savings and monthly contributions at the expected return rate until your retirement age, then estimates monthly withdrawals over a 25-year retirement period.
What return rate should I use?
A commonly used estimate is 7% for stock-heavy portfolios or 5% for balanced portfolios. Conservative estimates use 4-5%. The actual rate depends on your investment strategy and market conditions.
Why does inflation matter for retirement planning?
Inflation reduces the purchasing power of your savings over time. A 3% inflation rate means $100 today will only buy about $48 worth of goods in 25 years. The calculator adjusts for this.
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This calculator provides estimates for informational purposes only. It does not constitute financial advice. Consult a qualified financial advisor for decisions affecting your finances.