Retirement Calculator
Free online retirement calculator. Estimate how much you need to save for retirement and your required monthly contribution based on return and inflation.
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How Retirement Planning Works
Retirement savings depend on three factors: how much you already have saved, how much you contribute each month, and the returns your investments generate over time. This calculator projects long-term growth with compound interest and uses the 4% rule as a simple planning reference.
The 4% Rule
A common retirement guideline is withdrawing around 4% of your portfolio per year. For example, a retirement pot of 500,000 in your currency points to roughly 20,000 per year, or about 1,667 per month. It is a planning shortcut rather than a guarantee, but it helps you estimate what level of savings might support your lifestyle.
Inflation Impact
Money loses purchasing power over time as prices rise. This calculator uses a default 3% annual inflation rate so you can compare the future headline number with what that money may actually feel like in today's terms. That usually means your target needs to be higher than the first figure suggests.
Expected Returns
Stock market returns average 7-10% annually long-term. Conservative portfolios (bonds, CDs) return 3-5%. Adjust this based on your risk tolerance and asset allocation. Past performance doesn't guarantee future results.
When Can You Retire?
Use this calculator to test different retirement ages. Retiring earlier usually requires a higher savings rate or a larger final portfolio. Delaying retirement by a few years can make a big difference because you add more contributions and give compound growth longer to work.
FAQs
Is $1 million enough?
Using the 4% rule, 1 million in your currency points to about 40,000 per year, or roughly 3,333 per month before taxes. Whether that is enough depends on your lifestyle, housing costs, health spending, and any other income you expect in retirement.
Should I retire early?
Early retirement can be possible with sufficient savings and careful planning. Use this calculator to see whether your target looks realistic, and remember to account for healthcare, housing, taxes, and the fact that your money may need to last for more years.