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Retirement Savings Projector
Estimate a projected balance at retirement based on your current age, savings, and contribution rate.
What this calculator actually does
It projects a balance at your target retirement age from your current savings and a fixed monthly contribution, using the same compound-growth math as our other calculators, applied to your specific current age and retirement age.
Assumptions built into the result
- Your monthly contribution and assumed return rate are treated as constant from now until retirement — in reality, contribution amounts typically change with income, and returns vary year to year.
- It doesn't account for inflation, meaning the projected dollar figure is in today's dollars only if your contribution and return assumptions already implicitly account for inflation.
- It excludes Social Security, pensions, employer matching, and any other retirement income sources.
A worked example
Using the default values (current age 30, retirement age 65, $15,000 current savings, $500/month, 7% assumed return): the tool projects a balance of roughly $1,073,100 at retirement. Push the retirement age out to 67 instead, and the projection rises further, illustrating how sensitive long-horizon projections are to even a couple of additional years of compounding — a bigger lever, in this model, than most modest changes to the monthly contribution alone.
How this is calculated
This uses the same monthly-compounding formula as our compound interest calculator, applied across the years between your current age and target retirement age. It does not account for inflation, changes in contribution amount over time, employer matching, or Social Security — it's a simplified directional estimate, not a retirement plan. For a full plan, consider a financial planner. See our methodology.
This calculator is a simplified educational estimate, not a personalized retirement plan. See our full disclaimer.