Retirement calculator

See what your current savings and monthly contributions could grow to by the age you plan to retire, and the monthly income that pot could support.

Retirement calculator
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years

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$

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Savings at retirement

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How it works

Your savings and each monthly contribution are compounded monthly until retirement. The result is in today's money only if you enter a real return, meaning the expected return minus inflation; a 7% return with 3% inflation is about a 4% real return.

The income figure uses the 4% rule: withdraw 4% of the pot in the first year and adjust for inflation afterwards. Historical US studies found this lasted at least 30 years in most periods, but it is a rule of thumb, not a guarantee.

  • Starting ten years earlier roughly doubles the pot at a 7% return.
  • Fees matter: 1% a year in fees can cut the final pot by around a fifth over 35 years.
  • Include employer contributions in the monthly amount if you receive them.

Common questions

What return should I assume?

Many planners use 5–7% a year for a mixed portfolio of shares and bonds before inflation, or 2–4% after inflation. Use a lower number to stay on the safe side.

How much do I need to retire?

With the 4% rule, you need about 25 times the yearly income you want from savings. For 30,000 a year that is about 750,000.

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