Retirement Savings Calculator
Calculate how much you need to save for retirement. Understand how age, savings rate, investment returns, and inflation affect your retirement planning.
Step 1: Personal Details
Understanding Retirement Planning
Start saving early to take advantage of compound interest. Even small monthly contributions can grow significantly over decades through investment returns.
Step 2: Investment Details
About Investment Returns
Historical average annual returns: Stocks 7-10%, Bonds 3-5%, Cash 1-3%. Diversified portfolios typically aim for 5-7% after inflation. Higher returns usually involve more risk.
Retirement Savings Results
Estimated Retirement Savings
Investment Strategy Comparison
| Strategy | Expected Return | Risk Level | Retirement Savings | Monthly Shortfall |
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Retirement Savings Analysis
Retirement Savings Formula
Future Value = Current Savings × (1 + r)n + PMT × [((1 + r)n – 1) / r]
Where: r = monthly return rate, n = number of months until retirement, PMT = monthly contribution. This compound interest formula calculates how savings grow over time with regular contributions.
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