Total Savings Needed: $0
Projected Savings at Retirement: $0
Retirement Savings Gap: $0
Additional Monthly Savings Needed: $0
Years of Retirement Covered: 0
Retirement Income Sources (Monthly):
| Age | Starting Balance | Contribution | Investment Earnings | Ending Balance | Real Balance |
|---|---|---|---|---|---|
| 31 | $50,000 | $6,000 | $2,327 | $58,327 | $56,904 |
| 32 | $58,327 | $6,000 | $2,692 | $67,019 | $63,790 |
| 33 | $67,019 | $6,000 | $3,074 | $76,093 | $70,660 |
| 34 | $76,093 | $6,000 | $3,472 | $85,566 | $77,518 |
| 35 | $85,566 | $6,000 | $3,888 | $95,454 | $84,367 |
| 36 | $95,454 | $6,000 | $4,322 | $105,776 | $91,211 |
| 37 | $105,776 | $6,000 | $4,776 | $116,552 | $98,051 |
| 38 | $116,552 | $6,000 | $5,249 | $127,800 | $104,892 |
| 39 | $127,800 | $6,000 | $5,742 | $139,543 | $111,736 |
| 40 | $139,543 | $6,000 | $6,258 | $151,801 | $118,587 |
| 41 | $151,801 | $6,000 | $6,796 | $164,597 | $125,447 |
| 42 | $164,597 | $6,000 | $7,358 | $177,955 | $132,319 |
| 43 | $177,955 | $6,000 | $7,944 | $191,899 | $139,208 |
| 44 | $191,899 | $6,000 | $8,557 | $206,456 | $146,114 |
| 45 | $206,456 | $6,000 | $9,196 | $221,651 | $153,043 |
| 46 | $221,651 | $6,000 | $9,863 | $237,514 | $159,995 |
| 47 | $237,514 | $6,000 | $10,559 | $254,073 | $166,976 |
| 48 | $254,073 | $6,000 | $11,286 | $271,359 | $173,986 |
| 49 | $271,359 | $6,000 | $12,045 | $289,405 | $181,031 |
| 50 | $289,405 | $6,000 | $12,837 | $308,242 | $188,111 |
| 51 | $308,242 | $6,000 | $13,664 | $327,906 | $195,231 |
| 52 | $327,906 | $6,000 | $14,528 | $348,434 | $202,393 |
| 53 | $348,434 | $6,000 | $15,429 | $369,862 | $209,600 |
| 54 | $369,862 | $6,000 | $16,370 | $392,232 | $216,855 |
| 55 | $392,232 | $6,000 | $17,352 | $415,584 | $224,162 |
| 56 | $415,584 | $6,000 | $18,377 | $439,961 | $231,522 |
| 57 | $439,961 | $6,000 | $19,447 | $465,408 | $238,940 |
| 58 | $465,408 | $6,000 | $20,564 | $491,972 | $246,418 |
| 59 | $491,972 | $6,000 | $21,730 | $519,702 | $253,958 |
| 60 | $519,702 | $6,000 | $22,948 | $548,650 | $261,565 |
| 61 | $548,650 | $6,000 | $24,219 | $578,869 | $269,241 |
| 62 | $578,869 | $6,000 | $25,545 | $610,414 | $276,988 |
| 63 | $610,414 | $6,000 | $26,930 | $643,345 | $284,811 |
| 64 | $643,345 | $6,000 | $28,376 | $677,721 | $292,711 |
| 65 | $677,721 | $6,000 | $29,885 | $713,606 | $300,693 |
With this retirement savings calculator you will be prepared for the good life in future by calculating your retirement savings amount. It uses all your savings right now, yield, inflation and Social Security to give you an accurate picture of what you’ll need to save in order to retire.
Retirement planning is among the biggest financial choices you will make. The right retirement plan takes time to consider all the different factors that will affect your retirement finances. This calculator helps you:
Financial experts typically recommend planning to replace 70-80% of your pre-retirement income during retirement. This percentage may vary based on:
Your investment strategy should balance potential returns with risk tolerance and typically includes:
During your working years, you may pursue higher returns through a more aggressive investment mix:
After retirement, focus often shifts to preservation and income:
Social Security can provide a significant portion of your retirement income. Key considerations include:
The cost of inflation on your retirement accounts will reduce your purchasing power over time. Our calculator subtracts inflation in:
If your projected savings fall short, consider these strategies: