Retirement Savings Calculator
Project your retirement balance and estimate monthly income from current age to retirement.
Project your retirement balance and estimate monthly income from current age to retirement.
Your current age.
Age at which you plan to retire.
Amount you have already saved.
Amount you contribute each month.
Employer match as % of your contribution (e.g. 50 = 50%).
Expected average annual rate of return.
Your savings grow via compound interest on both your current savings and each new contribution. Employer match accelerates growth by adding free contributions on top of yours.
FV = PV × (1 + r/12)^(12×n) + PMT × [((1 + r/12)^(12×n) − 1) / (r/12)]Saving $500/month from age 25 at 7% grows to roughly $1.2M by 65. Starting at 35 with the same parameters yields about $567K — nearly half as much.
A 50% employer match on a $600/month contribution effectively gives you $900/month going into retirement. Never leave employer match on the table.
Even small annual increases in contribution (e.g. 1% of salary per year) can meaningfully close the gap between current savings and retirement goals.
Projections use monthly compounding. Employer match is calculated as a percentage of your personal contribution. Inflation and tax effects are not included.