Retirement Calculator
Estimate how much your retirement savings will grow with current savings and regular monthly contributions.
Retirement Calculator
Estimate how much your retirement savings will grow with current savings and regular monthly contributions.
Real-World Examples
You have $20,000 saved, contribute $400/month at 7% for 35 years. What is your nest egg?
$799,851.63
You have $100,000 saved, contribute $1,500/month at 6% for 20 years. What is your nest egg?
$921,860.76
You have $10,000 saved, contribute $2,000/month at 7% for 10 years. What is your nest egg?
$365,875.83
Common Mistakes to Avoid
Underestimating how long retirement lasts
Fix: Many people spend 25-30 years in retirement. Your nest egg needs to last that long. Consider using the 4% rule as a starting point for annual withdrawals.
Using an overly optimistic return rate
Fix: Historical stock market returns average about 7-10% before inflation, but returns vary year to year. Using 5-7% provides a more conservative, realistic estimate.
Forgetting about inflation
Fix: The amount shown is in future dollars. At 3% inflation over 30 years, $1 million will have the purchasing power of about $412,000 in today's dollars. Consider inflation-adjusted returns.