Our retirement savings calculator easily answers this question, “How much do I need to save or invest each month to reach my retirement goal?”
Enter your information and click “CALC” to estimate your required savings and generate a detailed schedule with projected date based investments and charts.
This calculator easily answers the question "Given the value of my current investments how much do I need to save each month to reach my retirement goal?"
The user enters their "Current Age", there expected "Retirement Age", the "Annual Interest Rate (ROI)" (annualized Return on Investment one expects to earn) and "Amount Desired At Retirement".
The calculator quickly calculates the required monthly investment amount and creates an investment schedule plus a set of charts that will help the user see the relationship between the amount invested and the return on the investment. The schedule can be copied and pasted to Excel, if desired.
If you need a more advanced "Retirement Calculator" - one that calculates many more unknowns and one that calculates assuming retirement income and not a final lump sum then try the calculator located here: https:/financial-calculators.com/retirement-calculator
All calculators will remember your choice. You may also change it at any time.
Clicking "Save changes" will cause the calculator to reload. Your edits will be lost.
Back to Retirement Calculators
Your Current Age?: Enter your current age
Anticipated Retirement Age: Age you plan to retire
Current Retirement Savings: Enter your current retirement savings including 401(k), individual retirement accounts (IRA), ROTH IRAs, etc.
Annual Interest Rate: enter an assumed rate of return for your overall investment portfolio
Amount at Retirement?: Enter the amount you would like to have saved for retirement.
Then click the blue “calc” button at bottom of the calculator. The Retirement savings calculator will then calculate and populate the remaining fields: