Retirement Savings Calculator
FV = P(1+r)^n + C×((1+r)^n−1)÷r where n = years until retirementn=35, P growth: 50000×1.07^35≈$533,830; C growth: 500×((1.00583^420−1)/0.00583)≈$810,100; total≈$1,343,930
Free online tool
Retirement Savings Calculator
Enter your age, retirement target, current savings and monthly contributions.
Instant calculation
Retirement Savings Calculator
Enter your age, retirement target, current savings and monthly contributions.
Your result
Calculation
Your numbers stay in this browser. Nothing is uploaded or saved.
Three clear steps
How to use this calculator
- 01
Enter ages
Type your current age and target retirement age.
- 02
Enter savings
Type your current retirement savings and monthly contribution.
- 03
Set return rate
Enter your expected annual investment return.
The formula
How this calculation works
Combines the growth of current savings with future monthly contributions at the expected annual return.
Check the method
Worked examples
Each example follows the same formula used by the calculator.
Age 30, retire 65, $50,000 saved, $500/month at 7% — retirement balance?
n=35, P growth: 50000×1.07^35≈$533,830; C growth: 500×((1.00583^420−1)/0.00583)≈$810,100; total≈$1,343,930≈ $1,343,930Common questions
Questions about this calculation
What is the Retirement Savings Calculator?
The Retirement Savings Calculator helps you project your retirement savings balance based on current savings and contributions. Enter your values and select Calculate to get an instant result.
How is the result calculated?
Combines the growth of current savings with future monthly contributions at the expected annual return.
Can you show an example?
Example: Age 30, retire 65, $50,000 saved, $500/month at 7% — retirement balance? — ≈ $1,343,930.
Is my data saved when I use the Retirement Savings Calculator?
No. All calculations run locally in your browser. Your inputs and results are never uploaded, stored or shared with anyone.
Is the Retirement Savings Calculator free to use?
Yes. The Retirement Savings Calculator is completely free. No account, sign-up or payment is required. It works on mobile, tablet and desktop.
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