Finance · Plan ahead

Retirement savings calculator

Project your nest egg at retirement from your current savings and monthly contributions, plus an estimated monthly retirement income.

Your details

Projected balance at retirement
—
Current savings, contributions and growth combined
Total contributed—
Total growth—
Est. monthly retirement income—

Rough sheet

step-by-step
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How your projection is calculated

This calculator projects your retirement balance by compounding your current savings at your expected annual return, and adding your monthly contributions (also compounding) at each step until your target retirement age. The estimated monthly retirement income is then derived using a fixed withdrawal-rate assumption applied to the projected balance — a simplification of a genuinely complex planning question that in practice also depends on inflation, sequence-of-returns risk, and your actual spending needs.

Frequently asked questions

Your current savings grow monthly at your expected annual return, compounded monthly, with your monthly contribution added each month until your retirement age.

The 4% rule is a common rule of thumb suggesting you can withdraw about 4% of your retirement savings in the first year, then adjust for inflation, with a reasonable chance the money lasts around 30 years. Adjust the withdrawal rate field to try other assumptions.

No — figures are shown in today’s dollars terms using your entered rate of return. For a more conservative estimate, try lowering the expected annual return to approximate a real (inflation-adjusted) rate of return, typically 4–6%.