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Retirement & Planning

Free Retirement Calculator

A free retirement calculator — project your savings, compare them to the nest egg you will need, and see whether you are on track.

Inputs
$
$
%
$
%

Estimates only. Adjust any value to recalculate instantly.

Results
Projected surplus $747,265 $1,669,612 projected vs $922,347 needed
Projected at retirement $1,669,612
Nest egg needed $922,347
Surplus $747,265
Years to retirement 30
Projected vs needed
Projected vs needed On track: $922kSurplus: $747k
  • On track $922k
  • Surplus $747k

You are on track — projected savings of $1,669,612 exceed the $922,347 needed to fund $60,000 a year for 30 years. A cushion is wise, since markets and lifespans vary.

Projected balance by yearView table
YearBalance
1$77,040
2$95,273
3$114,782
4$135,657
5$157,993
6$181,892
7$207,465
8$234,827
9$264,105
10$295,432
11$328,953
12$364,819
13$403,197
14$444,260
15$488,199
16$535,212
17$585,517
18$639,344
19$696,938
20$758,563
21$824,503
22$895,058
23$970,552
24$1,051,330
25$1,137,764
26$1,230,247
27$1,329,204
28$1,435,089
29$1,548,385
30$1,669,612

How the retirement planner calculator works

It projects your current savings and annual contributions to your retirement age, then calculates the nest egg needed to fund your desired income for your retirement years, and compares the two.

Worked example

Worked example: with current age of 35, retirement age of 65 and current savings of $60,000, the retirement planner calculator shows projected surplus of $747,265.

Projected at retirement
$1,669,612
Nest egg needed
$922,347
Surplus
$747,265
Years to retirement
30

The formula

Projected balance compounds savings + contributions. Needed = income × (1 − (1 + r)⁻ⁿ) ÷ r, the present value of your retirement income.

Results are estimates for educational purposes and are not financial advice. Confirm exact figures with your lender, plan administrator or advisor.

Frequently asked

Questions about the retirement planner calculator

Am I on track for retirement?

The calculator compares your projected savings against what you will need. A surplus means you are ahead; a shortfall shows the gap to close by saving more or adjusting your plan.

How much do I need to retire?

Enough to fund your desired income for your expected retirement length, after other income. The nest-egg figure shown is the present value of that income stream.

What if I have a shortfall?

Save more, work a bit longer, target a lower retirement income, or seek a higher return. Small increases early compound powerfully over the years to retirement.

Is the Retirement Planner Calculator free to use?

Yes. Every calculator on FinCalculators is completely free, with no sign-up, login or paywall. You can run as many scenarios as you like.

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