Retirement Savings Calculator
Estimate future retirement savings from current balance, monthly contributions, expected return, and time until retirement.
How this calculator works
How to use this calculator
Enter your current retirement savings, monthly contribution, years until retirement, expected annual return, and optional inflation rate. The calculator estimates your future balance and shows how much comes from contributions versus growth.
Formula used
The calculator compounds the existing balance monthly, then adds monthly contributions and compounds the balance over the selected number of years. If an inflation rate is entered, the future value is discounted back into today’s purchasing power.
Example calculation
If you have $25,000 saved, add $500 per month, earn 6% per year, and invest for 25 years, the estimated future savings are about $567,876.55.
What the result means
The result is a projection based on constant contributions and a constant return. Actual investment performance, inflation, taxes, and fees can change the outcome.
Frequently asked questions
Does this guarantee my retirement balance?
No. It is only an estimate. Investment returns can rise or fall.
Does this include employer matching?
Not separately. You can include employer match by adding it to the monthly contribution.
Should I include inflation?
Adding inflation helps estimate what the future balance may be worth in today’s purchasing power.