Retirement Calculator
Project your retirement savings and see if you are on track. Free retirement calculator showing your future balance, shortfall and target contribution.
About the Retirement Calculator
This free retirement calculator projects how much your savings will grow by the time you retire, then compares it with the nest egg you will need, so you can see whether you are on track. Enter your age, current savings, monthly contribution, expected return and retirement age, and it estimates your future balance and any shortfall.
Your existing savings compound until retirement, while your monthly contributions grow as an annuity. To gauge whether that balance is enough, the calculator estimates the pot needed to fund your desired annual retirement income, using a sustainable withdrawal assumption. The gap between projected and needed shows how much more to save.
Anyone planning for retirement, at any age, uses this to turn a distant worry into concrete monthly action. It uses simplified assumptions and is educational, not financial advice. Everything computes in your browser with no signup.
How to Use the Retirement Calculator
- 1Enter your current age and the age you plan to retire.
- 2Enter your current retirement savings and your monthly contribution.
- 3Set your expected annual return and the retirement income you want.
- 4Read your projected balance, the amount needed and any shortfall.
Frequently Asked Questions
How much do I need to retire?
A common rule of thumb is to save about 25 times your desired annual retirement spending, based on a 4% sustainable withdrawal rate. If you want 1,200,000 per year, you would target roughly 30,000,000. The calculator applies this to your inputs and shows the gap.
How is my retirement balance projected?
Your current savings grow by compound interest until retirement, and each monthly contribution grows as an annuity. Contributing 20,000 per month for 25 years at 9% grows to over 22 million from contributions of 6 million — the rest is compound growth.
What return rate should I assume for retirement?
Use a realistic long-run figure for a diversified portfolio, often around 8-10% before inflation in markets like India and Pakistan. Being conservative protects you from a shortfall. Remember inflation erodes the real value, so consider using an inflation-adjusted (real) return.
What if the calculator shows a shortfall?
You have levers: save more each month, retire a little later so savings compound longer, lower your target retirement income, or accept slightly more investment risk for a higher return. Increasing contributions early is the most powerful, thanks to compounding.
Does this account for inflation?
The projection grows your savings at the return you enter. To account for inflation, either enter a real (inflation-adjusted) return and today's-money income target, or increase your income target to reflect future prices. Keeping both in the same terms is what matters.