Retirement Calculator
Use this retirement calculator to see how much you’ll have at retirement based on your current savings and monthly contributions from your paycheck. Enter your age, retirement age, contribution amount, and expected return for a projected nest egg in seconds.
How to use this retirement calculator
Enter your current age, retirement age (e.g. 65), current retirement savings (401k, IRA, etc.), monthly contribution (what you put in from each paycheck), and expected annual return (e.g. 6% for a mixed portfolio). The calculator projects your balance at retirement and how much of it comes from growth versus contributions.
Why use a retirement calculator?
A retirement calculator shows whether your current savings and paycheck contributions are on track for the balance you want at retirement. After you know your take-home pay, decide how much to send to 401k or IRA each month—then run this calculator to see the impact. Pair it with our 401(k) match and Social Security tools for a fuller picture.
When to use a retirement calculator
Run a retirement calculator whenever you get a raise, change jobs, or adjust your contribution—and at least once a year to check you’re on track. If you’re just starting, plug in your current balance and a realistic monthly contribution to see how much time and consistency matter. If you’re closer to retirement, use it to see whether increasing contributions or working a few more years moves the needle. Combine with our compound interest calculator to understand growth, and our Social Security calculator to estimate benefits.
Tips for retirement savings
Contribute at least enough to get the full 401(k) match—that’s free money. Then aim for 15% of gross (including match) if you can. Increase contributions when you get a raise so you don’t feel the pinch. Use this retirement calculator to see how an extra $100 or $200 per month changes your nest egg. Tax-advantaged accounts (401k, IRA) grow faster because you’re not paying tax on the growth until withdrawal. Start early; time and compound growth matter more than large contributions later.