Retirement Calculator – Projected Balance at Retirement
Calculate projected retirement savings based on current age, contributions, and expected return. Includes 4% rule target.
📊 Finance📐 FV = PV×(1+r)^n + PMT×[(1+r)^n-1]/r
Current age
Retirement age
Current savings ($)
Monthly contribution ($)
Expected annual return (%)
Desired monthly income in retirement ($)
Please enter valid values.
Formula & Reference
| Variable | Formula | Units |
|---|---|---|
| Retirement Calculator – Projected Balance at Retirement | FV = PV×(1+r)^n + PMT×[(1+r)^n-1]/r | $ at retirement |
Step-by-Step Examples
Example 1
35yo, $50K saved, $500/mo, 7%
35 to 65, $50K, $500/month, 7%.
- Projected: $1,194,858
- Target for $5K/mo: $1.5M | Gap: $305K
✓ $1.19M projected
Example 2
25yo starter, zero saved, $400/mo
25 to 65, zero, $400/month.
- Time advantage: 40 years!
- Projected: $1,048,127
✓ $1.05M
Example 3
50yo, $100K, $2K/mo
50 to 67, $100K, $2K/month.
- Projected: ~$742,000
✓ $742K
Real-World Applications
Pre-Retirees
See if savings are on track.
Young Adults
Understand the power of starting early.
Financial Planners
Model retirement scenarios for clients.
HR
Help employees understand 401k importance.
Common Mistakes to Avoid
⚠️
Underestimating retirement length
At 65, plan for 25-30 years in retirement. Longevity risk is real.
⚠️
Ignoring inflation
Adjust returns for inflation. Use 4-5% real return for conservative planning.
Frequently Asked Questions
How much to retire? ▾
The 4% rule: annual income ÷ 0.04. Want $60K/year? Need $1.5M saved.
401k vs IRA? ▾
Max 401k to get full employer match first. Then max IRA ($7K in 2024). Then max 401k.
Best retirement return assumption? ▾
Conservative: 5-6%. Moderate: 7%. Aggressive: 8-9%. S&P 500 averaged ~10% historically.