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Retirement Calculator

Inputs

Your age in years

The age you plan to retire

Expected age you will live to

Amount already saved for retirement

How much you contribute each year

Average investment return rate per year

Expected average inflation per year

How much you plan to spend each year in retirement

Do you want to include estimated social security benefits

Estimated annual social security benefit at retirement age

Results

Projected Savings at Retirement
Total retirement savings accumulated by retirement age
Total Contributed
Investment Growth
Years in Retirement
First Year Retirement Expenses
Total Needed for Retirement
Retirement Shortfall or Surplus
Annual Retirement Income Available
Formula
Savings at Retirement = (Current Savings × (1 + r)^n) + (Annual Contribution × [((1 + r)^n - 1) / r]) where r = annual return, n = years to retirement
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