Retirement Savings Calculator

Plan your retirement with realistic projections and year-by-year breakdowns

Your Retirement Plan

Current Age

Your current age. The earlier you start, the more time your investments have to grow through compound interest.

Retirement Age

The age at which you plan to retire. Traditional retirement age is 65, but many choose earlier (FIRE) or later.

Current Retirement Savings

The total amount you currently have saved in retirement accounts like 401(k), IRA, or other investments.

Monthly Contribution

The amount you plan to contribute to your retirement savings each month. Include employer contributions if applicable.

Expected Annual Return (%)

Expected average annual return on your investments. Stocks historically return 7-10%, bonds 4-6%. Be conservative for planning.

Retirement Goal

Your target retirement savings. A common guideline is 10-12x your annual income, or 25x your annual expenses (4% rule).

Quick Scenarios

Final Balance

$2,376,362

At age 65

Goal Progress

238%

Of $1000k goal

Contributions

$470,000

Total Invested

Growth

$1,906,362

Investment Returns

Retirement Savings Projection

Year-by-Year Breakdown

Year	Age	Balance	Growth
0	30	$50,000	$0
1	31	$66,007	$4,007
2	32	$83,171	$9,171
3	33	$101,576	$15,576
4	34	$121,312	$23,312
5	35	$142,474	$32,474
6	36	$165,166	$43,166
7	37	$189,499	$55,499
8	38	$215,590	$69,590
9	39	$243,568	$85,568
10	40	$273,568	$103,568
11	41	$305,737	$123,737
12	42	$340,231	$146,231
13	43	$377,219	$171,219
14	44	$416,881	$198,881
15	45	$459,410	$229,410
16	46	$505,013	$263,013
17	47	$553,913	$299,913
18	48	$606,348	$340,348
19	49	$662,574	$384,574
20	50	$722,864	$432,864
21	51	$787,512	$485,512
22	52	$856,834	$542,834
23	53	$931,167	$605,167
24	54	$1,010,874	$672,874
25	55	$1,096,343	$746,343
26	56	$1,187,990	$825,990
27	57	$1,286,262	$912,262
28	58	$1,391,639	$1,005,639
29	59	$1,504,633	$1,106,633
30	60	$1,625,796	$1,215,796
31	61	$1,755,717	$1,333,717
32	62	$1,895,031	$1,461,031
33	63	$2,044,415	$1,598,415
34	64	$2,204,599	$1,746,599
35	65	$2,376,362	$1,906,362

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Frequently Asked Questions

How much should I save for retirement?

A common rule of thumb is to have 10-12 times your annual income saved by retirement age. However, your specific needs depend on your lifestyle, expected expenses, and retirement goals. This calculator helps you project your savings based on your unique situation.

What's a realistic expected return for retirement accounts?

Historical stock market returns average 7-10% annually. Conservative portfolios (bonds) might return 4-6%, balanced portfolios 6-8%, and aggressive portfolios (stocks) 8-12%. Consider your risk tolerance and time horizon when choosing an expected return.

When should I start saving for retirement?

The earlier, the better! Starting in your 20s gives you the maximum benefit of compound growth. Even if you're starting later, consistent contributions and realistic returns can still build substantial retirement savings. Time in the market is more valuable than timing the market.

How can I catch up if I'm behind on retirement savings?

Increase monthly contributions, take advantage of employer 401(k) matching, consider catch-up contributions (age 50+), reduce expenses to save more, and work a few extra years if needed. Small increases in monthly savings can make a significant difference over time.

Free Retirement Calculator by money365.market

Educational purposes only. Not financial advice.