Retirement Calculator
Plan your retirement savings and income needs. Calculate how much you need to save for retirement with our free retirement calculator.
Our comprehensive Retirement Calculator helps you plan your financial future by projecting your retirement savings and determining if you're on track to meet your income needs during retirement. Whether you're just starting your career or approaching retirement age, this tool provides valuable insights into your retirement readiness.
Enter your retirement details to see your projection
This retirement calculator helps you understand your retirement savings trajectory and whether you're on track to meet your retirement goals. The projections show how your savings grow over time through contributions and investment returns.
Key Formulas:
- Future Value = PV(1+r)^n + PMT×[((1+r)^n-1)/r]
- Safe Withdrawal Rate = 3-5% of portfolio value annually
- Years of Income = (Portfolio × Withdrawal Rate) / Annual Income Need
Note: This calculator provides estimates based on historical returns and assumptions. Actual retirement outcomes may vary based on market performance, inflation, taxes, and personal circumstances. Always consult with a financial advisor for personalized retirement planning advice.
About Retirement Planning
This retirement calculator helps you plan your financial future by projecting your retirement savings and determining if you're on track to meet your income needs during retirement.
Key Assumptions:
- 4% safe withdrawal rate for retirement income
- 25-year retirement period for income calculations
- Consistent investment returns throughout the accumulation phase
- No inflation adjustments (use real return rates)
This calculator provides estimates based on the information you provide. Actual retirement needs may vary based on inflation, healthcare costs, market performance, and personal circumstances. Consult with a financial advisor for personalized retirement planning.