Retirement Calculator
Estimate your nest egg and retirement income.
- Years to retirement
- 35
- Total contributions
- $235,000
- Investment growth
- $887,621
- Yearly retirement income
- $44,905
How this calculator works
Your savings grow monthly until retirement age. The withdrawal rate converts the final balance into a yearly income estimate; 4% is a common planning rule of thumb.
Formula
Nest egg = P(1 + i)ⁿ + C × ((1 + i)ⁿ − 1) ÷ i; Income = Nest egg × withdrawal rate
Example
A 30-year-old with $25,000 who saves $500 a month at 7% could have about $1.12 million at 65.
When to use it
- Check whether you are on track
- See the effect of raising contributions
- Test retiring a few years earlier or later
Frequently asked questions
What is the 4% rule?
It suggests withdrawing 4% of your savings in the first year of retirement and adjusting for inflation after that. Historically this lasted about 30 years in many markets, but it is not a guarantee.
Are the results in today's dollars?
No, they are in future dollars. Use the inflation calculator to see what the amount would be worth in today's money.
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Learn more
How much to invest each month to reach $1 million
The monthly amount needed to reach $1 million by age and return, what fees and inflation do to it, and how existing savings change the plan.
How much should I save each month? A goal-by-goal way to decide
Rules of thumb are a start. Here is how to work out a monthly savings amount for each goal, and how to fit them all into one plan.
How much do I need to retire? A practical way to find your number
There is no magic retirement number, but there is a reliable way to estimate yours. Here is the method, step by step.