Project your retirement corpus from your current savings and monthly contributions, and see whether it's on track to cover your desired retirement income.
Show calculation steps
How to use the retirement calculator
- Enter your current age and planned retirement age.
- Enter your current retirement savings and the monthly amount you're contributing.
- Enter your expected annual investment return and expected long-term inflation rate.
- Enter your desired monthly retirement income in today's terms.
- Click Project My Retirement to see your projected corpus, your estimated required corpus, and whether you're on track.
How the projection works
Your current savings and future monthly contributions are compounded forward at your expected return rate until your retirement age, giving a projected corpus. Separately, your desired monthly income is inflated forward to what it will actually cost by retirement, then converted into a required corpus using the 4% withdrawal guideline, which estimates roughly how large a corpus is needed to sustainably support that inflation-adjusted income. Comparing the two numbers shows whether your current plan is on track or falls short.
Example
Starting at age 30 with 500,000 saved, contributing 15,000 monthly at a 9% expected return until age 60, projects to a substantial corpus, while a desired income of 50,000 a month today, inflated at 5% over 30 years, requires a much larger corpus than the same income would need today.
Frequently asked questions
- What is the 4% rule used in this calculator?
- A common guideline for how much of a retirement corpus can be withdrawn annually with a good chance of lasting 30 years.
- Why does the calculator adjust my desired income for inflation?
- Because the same monthly expense will cost more by the time you retire, giving a more realistic target.
- What return rate should I assume for my investments?
- It depends on your asset allocation and risk tolerance, try more than one rate to see a range of outcomes.
- Does this tool store or send my financial details anywhere?
- No, all calculations happen locally in your browser.
Bookmark this page and re-run the projection yearly, or whenever your income or contribution amount changes, to keep your retirement plan realistic.
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