Retirement Savings Calculator
Project your retirement balance from current savings, monthly contributions and an expected return.
Balance at retirement
1,015,810.37
- In today's dollars
- 418,500.42
- Total contributed
- 230,000.00
- Investment growth
- 785,810.37
Assumes a steady return compounded monthly. Real returns vary year to year.
Balance by age
| Age | Contributed | Balance |
|---|---|---|
| 36 | 56,000.00 | 59,810.80 |
| 37 | 62,000.00 | 70,330.82 |
| 38 | 68,000.00 | 81,611.33 |
| 39 | 74,000.00 | 93,707.31 |
| 40 | 80,000.00 | 106,677.71 |
| 41 | 86,000.00 | 120,585.75 |
| 42 | 92,000.00 | 135,499.19 |
| 43 | 98,000.00 | 151,490.73 |
| 44 | 104,000.00 | 168,638.30 |
| 45 | 110,000.00 | 187,025.47 |
| 46 | 116,000.00 | 206,741.85 |
| 47 | 122,000.00 | 227,883.53 |
| 48 | 128,000.00 | 250,553.54 |
| 49 | 134,000.00 | 274,862.37 |
| 50 | 140,000.00 | 300,928.48 |
| 51 | 146,000.00 | 328,878.92 |
| 52 | 152,000.00 | 358,849.90 |
| 53 | 158,000.00 | 390,987.48 |
| 54 | 164,000.00 | 425,448.29 |
| 55 | 170,000.00 | 462,400.27 |
| 56 | 176,000.00 | 502,023.52 |
| 57 | 182,000.00 | 544,511.13 |
| 58 | 188,000.00 | 590,070.18 |
| 59 | 194,000.00 | 638,922.69 |
| 60 | 200,000.00 | 691,306.76 |
| 61 | 206,000.00 | 747,477.67 |
| 62 | 212,000.00 | 807,709.18 |
| 63 | 218,000.00 | 872,294.84 |
| 64 | 224,000.00 | 941,549.40 |
| 65 | 230,000.00 | 1,015,810.37 |
Show the work
Rate per period
i = annual rate ÷ 100 ÷ 12
7 ÷ 100 ÷ 12 = 0.005833333333
Months until retirement
m = (retirement age − current age) × 12
(65 − 35) × 12 = 360
Balance: savings and contributions grown
S × (1 + i) to the power of m + C × ((1 + i) to the power of m − 1) ÷ i
50,000.00 × (1 + 0.005833333333) to the power of 360 + 500.00 × ((1 + 0.005833333333) to the power of 360 − 1) ÷ 0.005833333333 = 1,015,810.37
Estimates for general information only — not financial advice.
How it works
Balance = S(1 + i)^m + C((1 + i)^m − 1) ÷ i with i = annual return ÷ 12 and m = 12 × years to retirement; today's dollars = balance ÷ (1 + inflation)^years
Questions
- How does the retirement savings calculator work?
- Balance = S(1 + i)^m + C((1 + i)^m − 1) ÷ i with i = annual return ÷ 12 and m = 12 × years to retirement; today's dollars = balance ÷ (1 + inflation)^years.
- What do I need to enter?
- Current age, Retirement age, Saved so far, Monthly contribution, Expected annual return, Inflation. Optional fields can be left blank.
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