Retirement Savings Calculator
See how your savings can grow over time with compound returns. Set a retirement goal and find out whether you're on track.
Your Details
Optional — compare your projection against a target
Projected Balance
$1,363,250.34
at age 65
Total Contributions
$260,000
Total Growth
$1,103,250.34
On track! — You're projected to be $363,250.34 above your $1,000,000 goal.
Growth Over Time
Year-by-Year Breakdown
| Age | Balance | Contributions | Growth |
|---|---|---|---|
| 30 | $50,000 | $50,000 | $0 |
| 31 | $59,500 | $56,000 | $3,500 |
| 32 | $69,665 | $62,000 | $7,665 |
| 33 | $80,541.55 | $68,000 | $12,541.55 |
| 34 | $92,179.46 | $74,000 | $18,179.46 |
| 35 | $104,632.02 | $80,000 | $24,632.02 |
| 36 | $117,956.26 | $86,000 | $31,956.26 |
| 37 | $132,213.2 | $92,000 | $40,213.2 |
| 38 | $147,468.12 | $98,000 | $49,468.12 |
| 39 | $163,790.89 | $104,000 | $59,790.89 |
| 40 | $181,256.26 | $110,000 | $71,256.26 |
| 41 | $199,944.19 | $116,000 | $83,944.19 |
| 42 | $219,940.29 | $122,000 | $97,940.29 |
| 43 | $241,336.11 | $128,000 | $113,336.11 |
| 44 | $264,229.63 | $134,000 | $130,229.63 |
| 45 | $288,725.71 | $140,000 | $148,725.71 |
| 46 | $314,936.51 | $146,000 | $168,936.51 |
| 47 | $342,982.06 | $152,000 | $190,982.06 |
| 48 | $372,990.81 | $158,000 | $214,990.81 |
| 49 | $405,100.17 | $164,000 | $241,100.17 |
| 50 | $439,457.18 | $170,000 | $269,457.18 |
| 51 | $476,219.18 | $176,000 | $300,219.18 |
| 52 | $515,554.52 | $182,000 | $333,554.52 |
| 53 | $557,643.34 | $188,000 | $369,643.34 |
| 54 | $602,678.37 | $194,000 | $408,678.37 |
| 55 | $650,865.86 | $200,000 | $450,865.86 |
| 56 | $702,426.47 | $206,000 | $496,426.47 |
| 57 | $757,596.32 | $212,000 | $545,596.32 |
| 58 | $816,628.06 | $218,000 | $598,628.06 |
| 59 | $879,792.03 | $224,000 | $655,792.03 |
| 60 | $947,377.47 | $230,000 | $717,377.47 |
| 61 | $1,019,693.89 | $236,000 | $783,693.89 |
| 62 | $1,097,072.47 | $242,000 | $855,072.47 |
| 63 | $1,179,867.54 | $248,000 | $931,867.54 |
| 64 | $1,268,458.27 | $254,000 | $1,014,458.27 |
| 65 | $1,363,250.34 | $260,000 | $1,103,250.34 |
Why Start Saving Early?
The most powerful tool in retirement planning is time. Thanks to compound growth, every year your money stays invested, it earns returns on top of previous returns. This snowball effect means that starting early — even with small amounts — can be far more effective than saving aggressively later in life.
For example, someone who invests $300/month starting at age 25 will have more at 65 than someone who invests $600/month starting at 35, assuming the same 7% return. That's the power of an extra decade of compounding.
How Much Do You Really Need?
A widely used guideline is the 25x rule: save 25 times your expected annual spending in retirement. This is based on the 4% safe withdrawal rate, which suggests you can withdraw 4% of your portfolio each year without running out of money over a 30-year retirement.
Tips to Boost Your Retirement Savings
- Maximize your employer match: If your employer matches retirement contributions, contribute enough to get the full match — it's free money.
- Increase contributions annually: Each time you get a raise, increase your monthly contribution by at least half of the raise amount.
- Diversify: Spread your investments across stocks, bonds, and other assets to balance risk and return.
- Avoid early withdrawals: Taking money out early not only reduces your balance but costs you years of compound growth on that amount.
Popular Retirement Plans
Age 25→65, $500/mo at 7%
Final: $1,197,810.67
Age 30→65, $500/mo at 7%
Final: $829,421.27
Age 30→67, $1,000/mo at 7%
Final: $1,924,048.82
Age 35→65, $500/mo at 7%
Final: $566,764.72
Age 25→60, $1,000/mo at 8%
Final: $2,067,801.64
Age 40→65, $1,500/mo at 7%
Final: $1,138,482.68
Age 30→55, $2,000/mo at 8%
Final: $1,754,542.56
Age 45→65, $2,000/mo at 6%
Final: $882,854.19
Age 25→65, $200/mo at 10%
Final: $1,062,222.13
Age 35→62, $1,000/mo at 6%
Final: $764,469.19
Age 50→67, $2,000/mo at 5%
Final: $620,168.79
Age 30→60, $500/mo at 8%
Final: $679,699.27