Free Financial Calculator Online
Menu

Retirement Calculator

Will your savings last? Project your retirement savings with contribution increases, inflation, taxes, and Social Security, and see the age your money runs out.

You
$
Saving
$
$
%
%
Retirement
$
$
%
%
%

Your savings run out at age 88.

Savings at 65 (today’s dollars)
$748,389
Same amount in future dollars
$1,569,796
Yearly withdrawal needed (before tax)
$40,909
Withdrawal rate
5.5%
Spending as share of current income
71%
Balance left at 92 (today’s $)
$0
Projected savings by age, in today's dollarsSavingRetired
$0$187,097$374,194$561,292$748,38936 Saving: $62,19536 Retired: $03637 Saving: $74,87737 Retired: $038 Saving: $88,06738 Retired: $039 Saving: $101,78839 Retired: $040 Saving: $116,06340 Retired: $041 Saving: $130,91641 Retired: $042 Saving: $146,37542 Retired: $04243 Saving: $162,46543 Retired: $044 Saving: $179,21444 Retired: $045 Saving: $196,65145 Retired: $046 Saving: $214,80746 Retired: $047 Saving: $233,71447 Retired: $048 Saving: $253,40548 Retired: $04849 Saving: $273,91449 Retired: $050 Saving: $295,27850 Retired: $051 Saving: $317,53451 Retired: $052 Saving: $340,72252 Retired: $053 Saving: $364,88353 Retired: $054 Saving: $390,05954 Retired: $05455 Saving: $416,29755 Retired: $056 Saving: $443,64156 Retired: $057 Saving: $472,14257 Retired: $058 Saving: $501,85158 Retired: $059 Saving: $532,81959 Retired: $060 Saving: $565,10460 Retired: $06061 Saving: $598,76361 Retired: $062 Saving: $633,85662 Retired: $063 Saving: $670,44763 Retired: $064 Saving: $708,60264 Retired: $065 Saving: $748,38965 Retired: $066 Saving: $066 Retired: $724,7356667 Saving: $067 Retired: $700,50568 Saving: $068 Retired: $675,68369 Saving: $069 Retired: $650,25770 Saving: $070 Retired: $624,21071 Saving: $071 Retired: $597,52772 Saving: $072 Retired: $570,1947273 Saving: $073 Retired: $542,19574 Saving: $074 Retired: $513,51275 Saving: $075 Retired: $484,13076 Saving: $076 Retired: $454,03177 Saving: $077 Retired: $423,19878 Saving: $078 Retired: $391,6137879 Saving: $079 Retired: $359,25880 Saving: $080 Retired: $326,11381 Saving: $081 Retired: $292,16082 Saving: $082 Retired: $257,37983 Saving: $083 Retired: $221,75084 Saving: $084 Retired: $185,2528485 Saving: $085 Retired: $147,86386 Saving: $086 Retired: $109,56387 Saving: $087 Retired: $70,32888 Saving: $088 Retired: $30,13788 Saving: $088 Retired: $0

How it's calculated

Need help saving for retirement? Try our online retirement calculator. Simply enter your current savings, annual contribution (how much you are putting in) and how many years to retirement you are planning on.

Retirement savings refers to the funds that an individual puts away for use during their retirement years, once they’ve stopped working. These funds could come from a variety of sources, including pension plans, 401(k) accounts, individual retirement accounts (IRAs), and other investment vehicles. The goal of retirement savings is to provide a source of income for individuals when they’re no longer earning a regular salary or wages. These savings are typically built up over the course of many years or even decades, usually through a combination of personal contributions and potentially employer contributions or investment returns. Many financial advisors recommend starting to save for retirement as early as possible, in order to take advantage of compounding interest and to mitigate the risk of unexpected financial shocks.

This online calculator is designed to help you estimate the value of your retirement savings at the time of your retirement, factoring in your current savings, annual contributions, years to retirement, and adjusting for inflation and returns. To use this calculator, you would enter the amount you currently have saved for retirement in the “Current Retirement Savings” field. In the “Annual Contribution” field, you would enter how much you plan to contribute to your retirement savings each year. Finally, in the “Years to Retirement” field, you would enter the number of years remaining until you plan to retire. Upon clicking the “Calculate” button, the calculator will factor in assumed rates of return, salary increases, and inflation to estimate your future retirement savings and total contributions adjusted for inflation. The results will then be displayed below the calculator, providing a figure that represents your estimated retirement savings in today’s dollars, along with your total contributions adjusted for inflation.

How To Use Our Retirement Calculator

Input Current Savings

Enter the amount you have currently saved for retirement in the “Current Retirement Savings” field. This should be the total amount you have saved so far in all your retirement accounts.

Input Annual Contribution

Enter the total amount you plan to contribute each year to your retirement savings in the “Annual Contribution” field. This should include personal contributions and, if applicable, employer contributions.

Input Years to Retirement

Specify the number of years you have left until your planned retirement in the “Years to Retirement” field. This should be the gap between your current age and the age you plan to retire.

Frequently Asked Questions

›How much do I need to retire?

Enough that withdrawals, plus Social Security and any pension, cover your spending for the rest of your life. A common starting point is 25 times the yearly amount you need from savings, which corresponds to a 4% withdrawal rate.

›Why are results shown in today’s dollars?

Inflation makes future dollars worth less. Showing everything in today’s dollars lets you compare the projection with your current income and spending. The calculator also shows the future-dollar balance for reference.

›What spending should I plan for in retirement?

Many planners use 70% to 80% of pre-retirement income. Your actual number depends on housing costs, health care, travel, and whether debts are paid off.

›How does the tax rate on withdrawals work?

Withdrawals from traditional 401(k)s and IRAs are taxed as income, so you must withdraw more than you spend. The calculator grosses up withdrawals by your tax rate. For Roth accounts, which are tax-free in retirement, use 0%.

Related calculators

Browse all personal finance calculators