Retirement Contribution Calculator
Calculate how your retirement savings will grow over time with our comprehensive calculator. Determine optimal contribution amounts based on your income, age, investment returns, and retirement goals.
Step 1: Current Situation
Understanding Retirement Planning
Experts recommend saving at least 10-15% of your income for retirement. Starting early significantly increases your savings due to compound interest over time.
Step 2: Contribution Parameters
About Investment Returns
Historical average annual returns for diversified portfolios typically range from 6-8% after inflation. Higher returns involve greater risk, while lower returns offer more stability.
Retirement Savings Projection
Projected Retirement Savings
Contribution Rate Comparison
| Contribution Rate | Annual Contribution | Total at Retirement | Monthly Income* |
|---|
*Assumes 4% withdrawal rate in retirement
Savings Growth Over Time
Retirement Calculation Formula
Future Value = Current Savings × (1 + r)^n + Annual Contribution × [((1 + r)^n – 1) / r]
Where: r = annual return rate, n = years until retirement. This formula accounts for compound interest on both existing savings and regular contributions.
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