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Calculators / Finance / Retirement savings
Retirement savings calculator
Project a retirement balance from current savings and regular monthly contributions.
On this page
Projected balance458,121.23
Total contributions175,000
Calculator controls
How to calculate
Project a retirement balance from current savings and regular monthly contributions.
Projected balance = current*(1+rate/1200)^(years*12)+monthly*((1+rate/1200)^(years*12)-1)/(rate/1200); Total contributions = current+monthly*years*12
Worked example
Current savings: 25000; Monthly contribution: 500; Annual return (%): 6; Years to invest: 25.
Projected balance: 458,121.23 ; Total contributions: 175,000 .
Assumptions and limits
Assumes monthly compounding and end-of-month contributions at a constant positive rate. It excludes tax, fees and inflation.
Results are rounded for display; calculations use unrounded values. Read our calculation methodology.
Understanding the result
Project a retirement balance from current savings and regular monthly contributions. The displayed figures use the inputs and formula shown on this page.
When this tool is useful
Use the retirement savings to compare a scenario, check an estimate, or verify a manual calculation.
Understanding your inputs
| Input | What to enter |
|---|---|
| Current savings | Enter a number of at least 0 and no more than 1000000000000. |
| Monthly contribution | Enter a number of at least 0 and no more than 1000000000000. |
| Annual return (%) | Enter a number of at least 0.000001 and no more than 100. |
| Years to invest | Enter a number of at least 0.01 and no more than 100. |
Frequently asked questions
What should I check before using the retirement savings result?
Assumes monthly compounding and end-of-month contributions at a constant positive rate. It excludes tax, fees and inflation.
Is this retirement savings result exact?
It is exact for the stated mathematical model and entered values. Real-world results can differ when rates, timing, fees, definitions or measurement conditions differ.