How much should I save for retirement?

Financial advisors often recommend saving enough to replace 70-80% of your pre-retirement income. Our retirement calculator helps you estimate this based on your personal situation.

How do I calculate my retirement income?

Use our calculator by entering your current savings, expected contributions, return rate, and years to retirement. It estimates your retirement corpus, which you can then divide by your planned annual withdrawals.

It depends on how much you’ve saved and your lifestyle needs. Our calculator shows if your current plan aligns with your target retirement age.

How long will my retirement savings last?

That depends on your withdrawal rate and investment returns. A common rule is the 4% rule, where you withdraw 4% annually.

How to calculate retirement corpus?

Our calculator uses your inputs for savings, contributions, return rates, and time horizon to compute your estimated corpus at retirement.

Retirement Calculator – Estimate How Much You Need to Retire

Plan Your Future with Our Free Retirement Calculator

Proper retirement planning is essential to secure your financial future. Our free retirement calculator helps you estimate how much money you’ll need to retire comfortably. Whether you’re asking “how much do I need to retire?” or looking for a detailed retirement savings calculator that considers compound interest, monthly contributions, and more — you’re in the right place.

How Does the Retirement Calculator Work?

Our calculator uses the future value of a series formula, which considers:

Current savings – your starting point.
Monthly contributions – regular amounts you add.
Expected annual return – how much your investments grow each year.
Years to retirement – how long your money compounds.

The formula is essentially:

FV = P * (1 + r)^n + PMT * [((1 + r)^n - 1) / r]

Where:
P = current savings
PMT = monthly contribution
r = monthly return rate
n = total months

Why Use a Retirement Calculator?

This tool can help you:

Figure out how much you need to save for retirement.
See the power of compound interest on long-term investments.
Plan contributions to your 401(k), IRA, or other retirement accounts.
Adjust assumptions to see how returns impact your future.

Practical Example

Suppose you are 30 years old, have $10,000 saved, plan to contribute $500 per month, expect a 6% annual return, and aim to retire at 65. The calculator estimates you'll have approximately $762,000 by retirement. Adjust contributions or return rates to see different outcomes.

Internal Tools to Enhance Your Planning

Consider using our compound interest calculator to see isolated growth, or our 401k calculator to estimate tax-advantaged savings. Planning on a pension? Try our pension calculator or for broad goals, check out the investment calculator.

Benefits and Limitations

This retirement calculator provides an estimate to guide planning. However, it cannot predict market returns or inflation precisely. Always consult a certified financial planner for tailored advice.

Get Started

Enter your details above to discover your projected retirement savings. The best time to start planning was yesterday. The second-best time is today.

Retirement Calculator