Retirement Savings Calculator
Project your retirement balance and estimate monthly income from current age to retirement.
Before you calculate
Constant investment growth omits market losses and sequence risk. Employer match, contribution eligibility and tax limits must be checked separately.
Compound Growth Formula
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)]Example Scenarios
Starting Early Pays Off
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.
Employer Match is Free Money
A 50% employer match on a $600/month contribution effectively gives you $900/month going into retirement. Never leave employer match on the table.
Increasing Contributions Over Time
Even small annual increases in contribution (e.g. 1% of salary per year) can meaningfully close the gap between current savings and retirement goals.
Methodology & Assumptions
Projections use monthly compounding. Employer match is calculated as a percentage of your personal contribution. Inflation and tax effects are not included.
Sources & calculation notes
Maintained by MoneyCalc. Results are estimates based on the inputs and assumptions shown, not personalized financial advice or a lender quote. Default rates are examples unless a specific tax year or official table is identified.
References explain the underlying concepts or rules. They do not endorse or independently certify this implementation.
Calculations run in your browser. Some tools retain settings on this device. Displayed rounding can produce small differences from a statement or contract.