Retirement Savings Calculator – Plan, Save, and Secure Your Future

How to Use the Retirement Savings Calculator

Planning for retirement is one of the most important financial decisions you’ll make. Ensuring you have enough savings to maintain your desired lifestyle after retirement requires careful planning. This retirement savings calculator helps you estimate how much you need to save based on your current savings, annual contributions, expected retirement age, and estimated expenses. Adjust different factors to see how your savings will grow and whether you’re on track to meet your goals.

Input Your Retirement Details and Assumptions:

• Current Age: Enter your current age (between 1 and 120).
• Anticipated Retirement Age: Enter the age you plan to retire (between 1 and 120).
• Annual Savings Amount ($): Specify how much you save annually toward retirement.
• Annual Savings Increases (0% to 10%): Enter the expected percentage increase in savings each year.
• Before-Tax Return on Savings (-12% to 12%): Estimate the annual return rate on investments.
• Marginal Tax Bracket (0% to 75%): Input your tax bracket to estimate tax-adjusted savings.
• Compounding/Savings Frequency: Choose how often your savings compound (e.g., annually, semi-annually, or monthly).
• Once all the information is entered, click Calculate

Once you enter your details, the calculator will display:

• Projected Retirement Savings: The total amount expected by your anticipated retirement age.
• Estimated Monthly or Annual Retirement Income: How much you may withdraw in retirement.
• Impact of Tax & Return Rates: How tax bracket and investment return assumptions affect savings.