Comprehensive Retirement Calculator

Comprehensive Retirement Calculator — Plan Your Financial Future

Plan your financial future with our comprehensive retirement calculator. Estimate your retirement savings needs, income requirements, and investment growth over time.

Step 1: Personal Details

Current Age

Planned Retirement Age

Life Expectancy

Current Retirement Savings

Understanding Retirement Planning

Retirement planning involves estimating future expenses, accounting for inflation, and ensuring you have sufficient savings to maintain your desired lifestyle throughout retirement.

Step 2: Financial Details

Monthly Contribution

Expected Annual Return (%)

Expected Inflation Rate (%)

2.5%

Desired Retirement Income (Monthly)

Include Social Security/Pension estimate

About Investment Returns

Historical stock market returns average 7-10% annually, but past performance doesn’t guarantee future results. Consider your risk tolerance when estimating returns.

Retirement Calculation Results

Summary

Retirement Timeline

Savings Strategy

Estimated Retirement Savings at Retirement

$1,234,567

Based on 30 years of saving $500/month with 7% annual return

Years Until Retirement

30 years

Monthly Retirement Income

$4,000

Annual Savings Needed

$6,000

Savings Shortfall/Surplus

+$234,567

Retirement Savings Timeline

Age	Year	Savings Balance	Annual Contribution

Savings Strategy Breakdown

Retirement Savings Formula

Future Value = PV(1+r)^n + PMT × [((1+r)^n – 1)/r]

To calculate retirement savings, use the future value formula where PV is present value, r is periodic interest rate, n is number of periods, and PMT is periodic payment. This accounts for compound growth on both initial savings and regular contributions.

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