Finance & Economics / Personal Finance
Retirement Savings Calculator
Note
This calculator assumes compound growth with monthly contributions. Actual results may vary.
Forecast retirement account growth using current savings, recurring contributions, and expected return assumptions.
Formula
Future Value = Current Balance * (1 + r)^t + Contributions * [((1 + r)^t - 1) / r]
Worked Example
currentSavings85000
annualContribution12000
annualReturnPercent6.5
yearsToRetirement25
Result: $1,036,000Steady annual investing plus compounding over 25 years can grow an initial five-figure balance to a seven-figure retirement pot.
Frequently Asked Questions
Should contribution growth be included?
Yes. If your contributions rise with income, your end balance may be materially higher than a flat-contribution projection.
Is this a guaranteed outcome?
No. Returns vary year to year. Treat projections as planning ranges, not precise guarantees.