Retirement Calculator
Estimate how much you’ll have saved by retirement and see how consistent investing builds your financial independence.
Your Future Self Will Thank You
Retirement isn’t a finish line—it’s a lifestyle you build over time. This calculator turns the confusing parts into simple numbers, showing how your current savings, monthly contributions, and expected returns stack up by the time you stop working.
The Levers That Matter Most
- Time: Starting earlier gives compounding more seasons to work.
- Consistency: Monthly contributions beat one-off deposits.
- Return: Even small changes in expected return add up over decades.
How to Use This Tool
- Enter your current age and target retirement age.
- Add current savings and a steady monthly contribution.
- Choose an expected annual return (5–8% is a common long-term range for diversified portfolios).
- Click Calculate to see your projected balance, deposits, and growth.
Quick Example
Contributing $300 per month at a 7% annual return for 30 years can grow to roughly the low $350,000s. That’s the magic of compound growth doing the heavy lifting while you stay consistent.
What This Includes—and Doesn’t
This calculator models current savings + monthly contributions with monthly compounding. It doesn’t include taxes, fees, or inflation. Use it to compare scenarios and set a plan you’ll actually follow.
💡 FinFormulas is built for clarity—free tools, no data collection, and plain-English explanations so you can make smart, confident decisions.
Next up: pressure-test your plan with our Savings Goal Calculator or run near-term numbers with the Budget Calculator.