Retirement Calculator

Current Age:

Retirement Age:

Current Savings $:

Annual Contribution $:

Expected Annual Interest Rate %:

Expected Inflation Rate %:

Retirement Plan Type:

Expected Social Security Income $:

Estimated Monthly Expenses $:

Years in Retirement:

Savings Growth Over Time

Description

The Retirement Calculator estimates your total savings at retirement and your expected monthly income during retirement. By considering retirement plans and inflation, this tool helps you plan for a financially secure retirement.

The impact of inflation on your savings is significant, as it reduces the purchasing power of your money over time. This calculator includes an option to account for inflation, giving you a more realistic view of your financial future.

How to Use

Enter your current age.
Enter your desired retirement age.
Enter your current savings in dollars.
Enter your annual contribution amount in dollars.
Enter the expected annual interest rate as a percentage.
Enter the expected inflation rate as a percentage to see its impact.
Select your retirement plan type from the options.
Enter your expected monthly social security income in dollars.
Enter your estimated monthly expenses during retirement in dollars.
Enter the number of years you expect to be in retirement.
Click the "Calculate Retirement Savings" button to estimate your total savings at retirement and your monthly income during retirement.