Plan Your Financial Future
Use our free Retirement Savings Calculator to estimate how much your savings could grow over time. Whether you’re just starting out or nearing retirement, take the first step toward a secure future today!
Retirement Savings Calculator
Your Retirement Savings Estimate
Example Calculations
Saving $5,000/year for 20 years at 5% return
Future Value: $165,329.77
Total Contributions: $100,000
Interest Earned: $65,329.77
Saving $10,000/year for 30 years at 6% return
Future Value: $790,581.86
Total Contributions: $300,000
Interest Earned: $490,581.86
One-time $50,000 investment for 25 years at 7% return
Future Value: $271,371.66
Total Contributions: $50,000
Interest Earned: $221,371.66
How to Use the Retirement Savings Calculator
Our free Retirement Savings Calculator helps you estimate how much your savings could grow over time. Here’s how to use it:
- Annual Contribution: Enter how much you plan to save each year (required)
- Current Savings: Enter any existing retirement savings (optional)
- Years to Retirement: Enter how many years until you plan to retire (required)
- Expected Annual Return: Enter your estimated investment return rate (default is 5%)
- Contribution Frequency: Select whether you contribute annually, monthly, or one-time
- Retirement Goal: Enter a target amount to see your progress (optional)
The calculator uses compound interest formulas to project your potential retirement savings based on your inputs.
Why Plan Your Retirement Savings?
Planning for retirement is one of the most important financial steps you can take. Our Retirement Savings Calculator helps you:
- Visualize how regular contributions can grow over time
- Understand the power of compound interest
- Set realistic savings goals for retirement
- Adjust your savings strategy based on different scenarios
Frequently Asked Questions
Yes, our calculator is completely free to use with no registration required.
The calculator provides estimates based on the inputs you provide. Actual investment returns may vary due to market conditions, fees, and other factors.
The calculator uses compound interest formulas to project growth. For regular contributions, it calculates future value using:
FV = PV*(1+r)^n + PMT*(((1+r)^n – 1)/r)
Where FV is future value, PV is present value, PMT is payment, r is periodic rate, and n is number of periods.
The calculator shows nominal (non-inflation-adjusted) values. For real (inflation-adjusted) values, you might use a lower expected return rate that accounts for inflation.
Note: This calculator provides estimates only. Investment returns are not guaranteed. Consult a financial advisor for personalized retirement planning advice.