Retirement Calculator

Plan how much you need to retire comfortably

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Formula Used

Projected Savings = Current Savings × (1+r)ⁿ + Monthly × [((1+r)ⁿ − 1) / r]
where n = months until retirement

Step-by-Step Explanation

  1. 1Enter your current age, target retirement age, and current savings.
  2. 2Enter your monthly contribution and expected return to see your projected retirement savings.

Worked Examples

Example 1

Age 30 to 65, $15,000 saved, $400/month at 7%

35 years of growth

Projected savings well over $600,000

Frequently Asked Questions

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