Retirement Savings Calculator

Step 1: Enter Your Information

Fill in all the fields with your personal financial information:

• Current Age: Your age today
• Retirement Age: The age you plan to retire
• Current Savings: Total amount already saved for retirement
• Monthly Contribution: Amount you plan to save each month
• Expected Annual Return: Average annual investment return (7-8% is often used for long-term stock market returns)
• Inflation Rate: Expected annual inflation (historically around 2-3%)
• Life Expectancy: How long you expect to live (for withdrawal calculations)

Step 2: Calculate Your Projection

Click the "Calculate Retirement" button to generate your retirement projection based on the information provided.

Step 3: Analyze Your Results

Review your retirement projection including:

• Retirement Savings: Total amount projected at retirement age
• Monthly Withdrawal: Sustainable monthly income during retirement
• Growth Chart: Visual representation of your savings growth over time

Step 4: Adjust Your Plan

If the projected retirement savings or monthly income doesn't meet your goals, consider:

• Increasing your monthly contributions
• Adjusting your retirement age
• Exploring investment options with potentially higher returns
• Reducing your expected expenses in retirement