Retirement Calculator

Project your retirement savings balance based on current savings, monthly contributions, and expected annual return. Includes a step-by-step breakdown of every calculation.

Finance

Current Age: 30

Retirement Age: 65

Current Savings: $10,000

Monthly Contribution: $500

Expected Annual Return: 7%

The S&P 500 has averaged approximately 10% annually before inflation (1928-2024). 7% accounts for inflation adjustment.

Projected Balance at Retirement

$1,015,589

Total Contributed

$220,000

Investment Growth

$795,589

Est. Monthly Income

$3,385/mo

Monthly income estimate uses the 4% safe withdrawal rate (Bengen, 1994). This is a projection, not a guarantee.