🌴Retirement Savings Calculator
See how much your nest egg could be worth at retirement. Enter your age, savings, monthly contributions and expected return to project your balance.
Last updated: · Reviewed by The CalcWise Team
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How to use this calculator
- Enter your current age and the age you plan to retire.
- Add your current retirement savings and your monthly contribution.
- Set an expected annual return and Calculate to project your balance at retirement.
How it works
Retirement saving is the clearest example of compound growth over long periods. Decades of contributions plus reinvested returns can turn modest monthly savings into a substantial balance.
Small changes have large effects over 30+ years: starting a few years earlier, adding a little more each month, or earning a slightly higher return can each add tens of thousands of dollars to your final balance.
Example: A 30-year-old with $25,000 saved, adding $500/month at a 7% return, could grow to around $1.19 million by age 65 — of which only $235,000 is money they contributed.
Frequently asked questions
What return should I use for retirement?
Many planners use 6–8% as a long-term average for a diversified portfolio, then adjust for inflation. Being conservative avoids over-optimistic projections.
Does this account for inflation?
No — it shows future dollars. To gauge buying power, use a lower "real" return (your expected return minus inflation).