Retirement Calculator
Estimate what your retirement savings could grow to. Enter your age, target retirement age, current savings, monthly contribution and an expected return to project your corpus.
How to use the retirement calculator
- Enter your current age and the age you plan to retire.
- Add your current savings, monthly contribution and an expected annual return.
- Review the projected corpus, total contributed and growth from returns.
Frequently asked questions
How is my retirement corpus estimated?
Your current savings are grown at the expected annual return for the years until retirement, and each monthly contribution is compounded over the period. The two totals are added together.
What return rate should I assume?
Use a realistic long-term figure for your mix of assets. Many people model a diversified portfolio around 6 to 8 percent for planning, but actual returns vary year to year.
Does it account for inflation?
No. The result is a nominal projection before inflation, taxes and fees. A corpus that looks large today will buy less in the future, so treat it as a gross estimate.
How much do I need to retire?
A common rule of thumb is 25 times your expected annual spending, which supports roughly a 4 percent withdrawal rate. Use that as a target and adjust your contribution until the projected corpus reaches it.
Why does the corpus change so much with the return rate?
Compounding rewards small rate differences over long horizons. A one or two point change in the assumed return can shift the final corpus dramatically across 20 to 30 years.
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