Retirement Calculator
Estimate how much your savings could reach by the year you stop working. Enter what you have now, what you add each year and the return you expect.
- Free
- Works offline after your first visit
- Saves on this device
- No sign-up
- Updated
How it works
Savings grow by the return each year, and the amount you add is added at the end of each year. The balance uses the standard formula for a growing sum with yearly deposits.
The yearly withdrawal is the balance times the withdrawal rate you type. It shows what a balance could pay out, not a plan. Inflation, taxes and changing returns are not included.
Worked example
Starting with $80,000.00, adding $6,000.00 a year for 25 years at 5% a year, the balance comes to $557,270.99. At a 4% withdrawal rate that is $22,290.84 a year.
Questions
What return should I use?
Pick a number you can defend. Many people try a few values to see how much the answer moves. This page does not pick one for you.
Does inflation change the answer?
In real life it does. To see the balance in today's money, enter a return after inflation. Otherwise the balance is in future money.
Why does the withdrawal rate matter?
It sets how much of the balance you take out each year. A higher rate leaves less for later years. Choosing one is personal, so talk it over with someone who knows your plans.
More like this
- Investment CalculatorGrowth from a start amount and monthly deposits.
- 401k CalculatorBalance with pay, your share, employer match and return.
- Dividend CalculatorDividend yield and yearly income from a stock.
- Investment Return CalculatorTotal return and yearly rate from a start and end value.
- Commercial Mortgage CalculatorMonthly payment, balloon balance and interest on a commercial loan.
- Tax Equivalent Yield CalculatorTaxable yield that matches a tax-free yield.