Retirement Savings Calculator
Projects how much savings will accumulate by retirement based on contributions and growth rate
Time remaining until your target retirement age
Current savings plus all monthly contributions
Growth from compound interest over time
Estimated total savings at retirement
Frequently Asked Questions
How much do I need to save for retirement?
A common guideline is to save 10-15x your pre-retirement annual income. The exact amount depends on your desired lifestyle, expected Social Security benefits, healthcare costs, and planned retirement age. Starting early and consistently contributing makes the biggest difference due to compound growth.
What rate of return should I expect on retirement savings?
Historically, a diversified stock portfolio has returned about 10% annually before inflation (7% after inflation). A balanced stock/bond portfolio typically returns 6-8%. Use 7% as a reasonable long-term planning assumption for a moderate portfolio.
How does starting age affect retirement savings?
Starting early has an outsized impact due to compound interest. Saving $500/month from age 25 at 7% yields about $1.2 million by 65. Starting the same savings at 35 yields only about $567,000. The 10-year head start more than doubles the final balance.
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