Project your retirement nest egg from your current savings and contributions, and see the income it supports.
The method behind this calculator
This calculator compounds your current balance and monthly contributions forward to your retirement age, then applies the 4% rule to estimate the sustainable annual income that pot would provide.
The inflation line matters more than people expect. A million dollars in thirty years buys roughly what half a million buys today, which is why the calculator shows the figure in today’s money as well.
Step by step
- Enter your current age, target retirement age and current savings.
- Add your monthly contribution and expected return.
- Set an inflation rate to see the result in today’s money.
Formula reference
A worked example
Take the starting scenario, a years in retirement of 25. That gives a nest egg at retirement of $1,381,801.67. Underneath, Years to grow comes out at 30 years and Total contributed at $338,000. Change any field and every figure updates as you type.