Retirement Savings Calculator
Plan for your future with our comprehensive retirement calculator. Estimate the growth of your 401(k), IRA, or other savings to determine your final nest egg. Includes inflation adjustments to calculate the future purchasing power of your money, helping you answer the question, 'how much do I need to retire?'
Inputs
Enter the required values to calculate.
Result
The calculated result will appear here.
More Information
Understanding the Retirement Calculator
Planning for retirement is one of the most important financial goals. This calculator helps you project the future value of your retirement savings (such as a 401(k) or IRA) to determine if you are on track. It is a powerful tool to visualize how your savings can grow over time.
Key Factors in Retirement Planning
- Time Horizon: The number of years until you retire is your most powerful asset. The longer your money is invested, the more time it has to benefit from compound growth.
- Contribution Rate: The amount you save each month is a direct driver of your final nest egg. Even small, consistent contributions can grow into large sums over decades.
- Rate of Return: The average annual return on your investments. Historically, diversified stock market portfolios have returned around 7-10% annually, though this is not guaranteed. A higher rate of return can significantly increase your final balance.
- Inflation: Inflation erodes the purchasing power of your money over time. Our calculator shows you the final balance in "today's dollars" to give you a realistic sense of its future value. You can explore this concept further with our Inflation Calculator.
What's a Good Retirement Goal?
A common rule of thumb is the "4% rule," which suggests you can safely withdraw 4% of your retirement savings each year without depleting your principal. To use this, estimate your desired annual income in retirement and multiply it by 25. For example, to withdraw $50,000 per year, you would need a nest egg of $1.25 million.