Retirement Calculator
Calculate retirement from your own entered figures.
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Currency: Amounts are calculated in the currency you select; this site does not convert between currencies and does not use live exchange rates.
What this tool does
Calculate retirement from your own entered figures. Account-level accumulation-plus-drawdown projection in nominal dollars: no inflation, taxes, Social Security, pensions or market variation are included — use the FIRE and Social Security tools alongside it.
How to use the Retirement Calculator
- Enter or select current retirement savings.
- Enter or select monthly contribution until retirement.
- Enter or select return before retirement (%).
- Enter or select years until retirement.
- Enter or select monthly spending in retirement.
- Enter or select return during retirement (%).
- Enter or select years in retirement to fund.
- Read the calculated result; change any measurement to compare alternatives.
Formula
balance at retirement compounds monthly contributions at the pre-retirement return; the amount needed at retirement is the present value, at the post-retirement return, of the entered monthly spending over the retirement years
- balance
- Current retirement savings
- monthly
- Monthly contribution until retirement
- retPre
- Return before retirement (%)
- yearsTo
- Years until retirement
- spend
- Monthly spending in retirement
- retPost
- Return during retirement (%)
- yearsIn
- Years in retirement to fund
Account-level accumulation-plus-drawdown projection in nominal dollars: no inflation, taxes, Social Security, pensions or market variation are included — use the FIRE and Social Security tools alongside it.
Worked example
For retirement calculator, the following measurements illustrate the exact method: Current retirement savings: 50000; Monthly contribution until retirement: 750; Return before retirement (%): 7; Years until retirement: 30; Monthly spending in retirement: 4000; Return during retirement (%): 5; Years in retirement to fund: 25.
Inputs
- Current retirement savings50000
- Monthly contribution until retirement750
- Return before retirement (%)7
- Years until retirement30
- Monthly spending in retirement4000
- Return during retirement (%)5
- Years in retirement to fund25
Result
- Projected savings at retirement$1,257,702.20
- Savings needed at retirement for the entered spending$691,876.11
- Surplus / shortfall at retirement$565,826.10
- Funded ratio181.78%
Results explained
- Projected savings at retirement
- Projected savings at retirement from the formula above. Account-level accumulation-plus-drawdown projection in nominal dollars: no inflation, taxes, Social Security, pensions or market variation are included — use the FIRE and Social Security tools alongside it.
- Savings needed at retirement for the entered spending
- Savings needed at retirement for the entered spending from the formula above. Account-level accumulation-plus-drawdown projection in nominal dollars: no inflation, taxes, Social Security, pensions or market variation are included — use the FIRE and Social Security tools alongside it.
- Surplus / shortfall at retirement
- Surplus / shortfall at retirement from the formula above. Account-level accumulation-plus-drawdown projection in nominal dollars: no inflation, taxes, Social Security, pensions or market variation are included — use the FIRE and Social Security tools alongside it.
- Funded ratio
- Funded ratio from the formula above. Account-level accumulation-plus-drawdown projection in nominal dollars: no inflation, taxes, Social Security, pensions or market variation are included — use the FIRE and Social Security tools alongside it.
Frequently asked questions
balance at retirement compounds monthly contributions at the pre-retirement return; the amount needed at retirement is the present value, at the post-retirement return, of the entered monthly spending over the retirement years
Account-level accumulation-plus-drawdown projection in nominal dollars: no inflation, taxes, Social Security, pensions or market variation are included — use the FIRE and Social Security tools alongside it.
No. All numbers are entered by you or come from the dated reference table shown on this page; calculations run locally.
This is an estimate, not financial, tax or legal advice. Verify the inputs and output with official sources and a qualified professional.
Check period consistency, currency, percentage inputs and the assumptions: Account-level accumulation-plus-drawdown projection in nominal dollars: no inflation, taxes, Social Security, pensions or market variation are included — use the FIRE and Social Security tools alongside it.