Retirement Fund Calculator

Calculate how much you need to save for retirement and plan your financial future with compound interest projections

Retirement Calculator

Ready to Calculate

Enter your retirement planning details to see projections and recommendations.

How to Use This Calculator

1

Enter Your Current Age

Start by entering your current age. This determines how many years you have until retirement to save and grow your fund.

2

Set Retirement Age

Choose when you plan to retire. The typical retirement age is between 62-67, but you can customize based on your personal goals.

3

Input Current Savings

Enter how much you already have saved for retirement in 401(k), IRA, savings accounts, and other retirement funds.

4

Set Monthly Contribution

Enter how much you can contribute monthly to your retirement fund. Include employer matching if applicable.

5

Choose Expected Return

Enter the expected annual return on your investments. Conservative: 4-6%, Moderate: 6-8%, Aggressive: 8-10%.

6

Set Inflation Rate

Enter the expected inflation rate (typically 2-4%) to account for the decreasing purchasing power of money over time.

7

Target Monthly Income

Enter your desired monthly income in retirement. A common rule is 70-80% of your pre-retirement income.

8

Review Results

Analyze your projected retirement fund, monthly income capacity, and whether you'll meet your retirement goals.

Retirement Planning Tips

1

Start saving early to take maximum advantage of compound interest - even small amounts grow significantly over decades

2

Contribute enough to get your full employer 401(k) match - it's free money that can double your contributions

3

Consider increasing contributions by 1-2% each year or whenever you get a raise

4

Diversify your retirement portfolio across stocks, bonds, and other asset classes to manage risk

5

Take advantage of tax-advantaged accounts like 401(k), IRA, and Roth IRA for maximum growth

6

Plan for healthcare costs in retirement - they often increase significantly with age

7

Consider working part-time in early retirement to extend your savings and reduce withdrawal needs

8

Review and adjust your retirement plan annually as your income, expenses, and goals change

9

Don't panic during market downturns - stay invested and continue regular contributions

10

Consider hiring a financial advisor for personalized retirement planning strategies

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