Enter Your Retirement Details
Projection Summary
Savings With Contributions (Nominal): -
Savings Without Contributions (Nominal): -
Additional Savings (Interest Saved): -
Growth Charts
Yearly Projection
📘 Overview: Plan Your Retirement with Confidence
The Retirement Savings Calculator helps you estimate how much money you’ll have saved by the time you retire. It accounts for your:
- 💰 Current savings
- 📅 Time remaining until retirement
- 📈 Expected annual return rate
- 🔁 Regular contributions (monthly, quarterly, yearly)
- 📉 Optional inflation adjustment
This tool is ideal for individuals planning early retirement, professionals building long-term wealth, and anyone wanting to assess the power of compounding over time.
🧮 Formula & Methodology
The tool uses the compound interest formula with recurring contributions:
S = P × (1 + r/n)nt + C × [((1 + r/n)nt - 1) ÷ (r/n)]
- S = Total savings at retirement
- P = Current principal (existing savings)
- C = Contribution per period
- r = Annual interest rate (as decimal)
- n = Compounding frequency per year
- t = Number of years until retirement
If inflation is enabled, the calculator applies a real-value adjustment:
Real Value = Nominal Savings ÷ (1 + inflation)t
This gives you a more realistic idea of your future purchasing power.
📊 Example
Suppose you're 35 years old with €20,000 in savings, contribute €300/month, and expect a 5% annual return. You plan to retire at 65 (30 years from now).
- With contributions: € 339,032.48
- Without contributions: € 89,354.89
- Additional Savings: € 249,677.59
You’ll also see a chart visualizing your balance over time and a yearly breakdown table.
❓ Frequently Asked Questions
How is the retirement projection calculated?
The calculator uses compound interest formulas to compute your savings growth, both with and without recurring contributions.
What is inflation adjustment?
Inflation reduces your purchasing power over time. When enabled, this tool adjusts future values to reflect what your money will be worth in today’s terms.
Can I change contribution frequency?
Yes. You can choose between monthly, quarterly, or yearly contributions to match your savings habits.
Does this account for taxes or investment fees?
No. This tool provides a simplified projection. You should consult a financial advisor for tax- and fee-adjusted results.
What compounding options are available?
You can choose compounding frequencies like annually, quarterly, monthly, or daily—matching typical investment account setups.
Can I change the currency?
Yes. Use the currency selector at the top of the page. All outputs will reflect your chosen symbol (€, $, £, ₹, etc.).
Is this tool accurate for early retirement planning?
Yes. You can set any retirement age and time frame. Be sure to estimate conservatively and include inflation to get realistic results.