Retirement Timeline Calculator
Calculate when you can retire based on your current savings, monthly contributions, and expected expenses. Plan your retirement strategy for financial independence.
Step 1: Current Financial Situation
Understanding Retirement Planning
Most experts recommend having 70-80% of your pre-retirement income available annually during retirement. Starting early maximizes compound growth.
Step 2: Retirement Goals & Assumptions
About Retirement Planning
Conservative estimates suggest a 4% annual withdrawal rate from retirement savings. Factor in Social Security, pensions, and other income sources for a complete picture.
Retirement Timeline Results
Projected Retirement Age
Retirement Age Comparison
| Retirement Age | Total Savings | Monthly Income | Years of Saving |
|---|
Yearly Savings Growth
Retirement Calculation Formula
Future Value = Current Savings × (1 + Rate)^Years + Monthly Contributions × ((1 + Rate)^Years – 1) / Rate
This formula calculates the future value of your retirement savings accounting for compound growth and regular contributions.
Need Professional Financial Planning Help?
Connect with our certified financial planners for personalized retirement strategies, investment advice, and comprehensive financial planning for your future.
Get Financial Advice