Estimate Your Retirement Savings Instantly
Planning for retirement doesn’t have to be overwhelming. Use our simple calculator to instantly estimate how much you could have saved by the time you retire, and what small steps today could make a big impact tomorrow.
How Our Retirement Calculator Works
Just enter a few numbers below: your current savings, monthly contributions, years until retirement, and your estimated annual return. We’ll do the math instantly for you!
Retirement Savings Calculator
Why Knowing Your Future Retirement Savings Matters
Retirement isn’t just a date on a calendar, it’s a major life transition. Having a clear estimate of your future savings helps you make confident decisions today about how much to invest, when to retire, and what lifestyle you can realistically afford. The earlier you start planning, the more options you’ll have when that day comes.
Common Retirement Savings Mistakes (and How to Avoid Them)
- Underestimating healthcare costs: Medical expenses can significantly impact retirement budgets.
- Waiting too long to start saving: The earlier you start, the more powerful compounding becomes.
- Not adjusting for inflation: Your dollars today won’t stretch as far in 20 years.
- Overly aggressive or conservative investing: Finding the right balance is key to growing, and protecting your savings.
Get a Personalized Retirement Roadmap
While online calculators provide helpful snapshots, they can’t fully capture your unique life goals, family dynamics, taxes, or income streams. Our team of fiduciary advisors creates custom strategies to help you maximize your savings, minimize taxes, and enjoy the retirement you’ve earned. Schedule a free 10-minute call today to get started.
Frequently Asked Questions
How accurate is this retirement savings calculator?
This calculator is designed to give you a quick, helpful estimate based on the numbers you provide. However, it doesn’t account for factors like inflation, taxes, market fluctuations, or changes in your lifestyle. For a complete retirement strategy tailored to your goals, we recommend speaking with a financial advisor.
What annual return rate should I use?
A conservative estimate is typically between 5% and 7% annually, depending on your investment mix and risk tolerance. If you’re unsure, it’s better to be conservative to avoid overestimating your future savings. Our advisors can help you determine a more personalized rate during a consultation.
How much should I be saving for retirement?
It depends on when you plan to retire, your expected lifestyle, healthcare needs, and other factors. A common guideline suggests aiming to replace 70%–80% of your pre-retirement income each year you’re retired. Using tools like this calculator is a great first step to understanding your progress.
What if I start saving later in life?
It’s never too late to start saving for retirement. Even small increases to your monthly contributions, combined with smart investment strategies, can have a major impact over time. Our team can show you strategies to make the most of your timeline.
How does compound interest affect my savings?
Compound interest allows your savings to grow faster over time because you earn returns not only on your contributions, but also on past returns. The earlier you start saving, the more powerful compounding becomes, which is why starting today makes such a big difference.
Can I use this calculator if I’m already retired?
This calculator is primarily designed for pre-retirement planning. However, if you’re already retired, we offer different tools and personalized strategies to help manage and optimize your retirement income streams.