What is the Retirement Calculator?

The Retirement Calculator estimates how much money you will have saved by the time you retire. It calculates future savings based on your current age, retirement age, existing savings, monthly contributions, and expected annual return rate. Using compound interest, it provides an accurate projection of your total savings at retirement, helping you plan your financial future with confidence. This tool is especially useful for understanding how small, consistent contributions grow over time and for adjusting savings strategies to meet long-term goals.

How to Use:

1. Enter Current Age: Type in your present age.
2. Enter Retirement Age: Enter the age at which you plan to retire.
3. Enter Current Savings: Input the amount you already have saved.
4. Enter Monthly Contribution: Add the amount you plan to save each month.
5. Enter Annual Return: Input your expected yearly return rate as a percentage.
6. Click “Calculate”: The calculator will display your estimated total savings at retirement.
7. Review the Result: Use this estimate to adjust your savings plan, retirement timeline, or financial goals.