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Retirement Calculator

Will you have enough to retire? Projects savings to retirement, the nest egg you need and any monthly shortfall.

Enter values

Results update as you type.

Result

Savings at retirement

$2,016,151.27

On track for 65% of what you need.

Nest egg needed
$3,109,689.16
Shortfall
$1,093,537.89
Extra monthly saving to close gap
$607.17
First-year income needed (inflated)
$140,693.12

Growth by year

YearTotal contributedTotal growthBalance
Year 159,6003,928.5763,528.57
Year 269,2008,835.1378,035.13
Year 378,80014,790.3693,590.36
Year 488,40021,870.08110,270.08
Year 598,00030,155.58128,155.58
Year 6107,60039,734.03147,334.03
Year 7117,20050,698.89167,898.89
Year 8126,80063,150.38189,950.38
Year 9136,40077,195.98213,595.98
Year 10146,00092,950.91238,950.91
Year 11155,600110,538.76266,138.76
Year 12165,200130,092.02295,292.02
Year 13174,800151,752.78326,552.78
Year 14184,400175,673.37360,073.37
Year 15194,000202,017.17396,017.17
Year 16203,600230,959.36434,559.36
Year 17213,200262,687.75475,887.75
Year 18222,800297,403.79520,203.79
Year 19232,400335,323.43567,723.43
Year 20242,000376,678.27618,678.27
Year 21251,600421,716.64673,316.64
Year 22261,200470,704.82731,904.82
Year 23270,800523,928.35794,728.35
Year 24280,400581,693.4862,093.4
Year 25290,000644,328.26934,328.26
Year 26299,600712,1851,011,785
Year 27309,200785,641.091,094,841.09
Year 28318,800865,101.311,183,901.31
Year 29328,400950,999.691,279,399.69
Year 30338,0001,043,801.671,381,801.67
Year 31347,6001,144,006.291,491,606.29
Year 32357,2001,252,148.71,609,348.7
Year 33366,8001,368,802.721,735,602.72
Year 34376,4001,494,583.651,870,983.65
Year 35386,0001,630,151.272,016,151.27

Simplified projection; does not include taxes, pensions or social security.

About the Retirement Calculator

Enter your age, savings and how much you add each month. The calculator grows your savings to retirement, estimates the nest egg needed to fund your desired income for your expected retirement years, and shows any gap.

Also known as: retirement planner, retirement savings calculator, am i saving enough for retirement, 401k calculator, pension calculator.

How to use this calculator

  1. Enter current age, retirement age, life expectancy, current savings and the other fields.
  2. The result updates instantly as you type — press Calculate (or Enter) at any time.
  3. Review the breakdown shown under the main result.
  4. Use Copy result or Share to save the answer or send a link with your inputs.

Formula

Need = income × (1 − (1 + r)⁻ⁿ)/r at retirement (real return)

Worked example

Using the values pre-filled in the calculator above:

  • Current age = 30
  • Retirement age = 65
  • Life expectancy = 90
  • Current savings = 50,000
  • Monthly contribution = 800
  • Return before retirement = 7 %
  • Return in retirement = 4 %
  • Desired annual income (today’s money) = 50,000

the calculator returns:

  • Savings at retirement: 2,016,151.27
  • Nest egg needed: 3,109,689.16
  • Shortfall: 1,093,537.89
  • Extra monthly saving to close gap: 607.17