This calculator easily answers the question "Given the value of my current investments how much do I need to save each month to reach my retirement goal?"
The user enters their "Current Age", there expected "Retirement Age", the "Annual Interest Rate (ROI)" (annualized Return on Investment one expects to earn) and "Amount Desired At Retirement".
The calculator quickly calculates the required monthly investment amount and creates an investment schedule plus a set of charts that will help the user see the relationship between the amount invested and the return on the investment. The schedule can be copied and pasted to Excel, if desired.
If you need a more advanced "Retirement Calculator" - one that calculates many more unknowns and one that calculates assuming retirement income and not a final lump sum then try the calculator located here: https://AccurateCalculators.com/retirement-calculator
All calculators will remember your choice. You may also change it at any time.
Clicking "Save changes" will cause the calculator to reload. Your edits will be lost.
Are you ready to take control of your financial future? Our cutting-edge Retirement Savings Calculator empowers you to plan effectively for your retirement, ensuring you live the life you’ve always dreamed of even after you stop working. With this user-friendly tool, you can gain insights into your retirement savings goals and make informed decisions to secure a comfortable retirement.
Picture yourself living your dream retirement: traveling the world, indulging in hobbies, and spending quality time with loved ones. Achieving this ideal retirement lifestyle requires meticulous planning. That’s where our Retirement Savings Calculator comes in.
Time is your greatest ally when it comes to retirement savings. The earlier you start, the more time your investments have to compound and grow. Our calculator emphasizes the importance of early planning and empowers you to make informed choices that can significantly impact your retirement nest egg. Never lose track of your retirement plan with this easy to use retirement calculator. Determine how much you have saved, or need to save, for a comfortable retirement by entering the amount you currently have saved, the amount you are planning to save each month, and the number of years until your retirement.
Calculate how much you need to save to be able to retire. Retirement calculators help you determine when you can start your retirement without having to worry about living on savings, social security, or other income sources. Use our calculator to see if you are even within the ballpark of where you should be.
A great retirement starts with planning. See how much savings and investment you’ll need, and where you stand today. Then measure progress using an interactive chart that shows your annual savings, projected account balances, and monthly contributions.
This calculator provides you with rough estimations of how much money you may need in the future. It takes into account the amount you will have from Social Security and pensions, the size of your immediate and future retirement expenses, the rate at which these costs are likely to change over time, and the existing assets you will have when you retire. This information is used to generate a quick rundown of how much income and/or assets you should accumulate to maintain a comfortable standard of living in retirement.
Our calculator uses the same tools and techniques financial planners use to create a retirement income plan. It provides you with a personalized long-term projection that shows how much money you should have saved at age 65, given your estimated current savings. Moreover, it suggests concrete steps to take now to get on track.
Want to make sure you will be able to retire the way you want to? Just answer a few basic questions about how much money you are saving, your expected retirement age and how much income you want for retirement. Then, our calculator will tell you just how much you need to save each month now so that you can achieve your dream of retiring early.
To determine your estimated retirement income, enter the amount already saved, your annual salary and contribution, the percent you expect to earn on your investments annually, and how long you plan to work before retiring. For more detailed assumptions, which vary by plan type, refer to your employment benefits guide.
Don’t leave your retirement to chance. Take control of your financial destiny by harnessing the power of our Retirement Savings Calculator. With its user-friendly interface, personalized inputs, and accurate projections, you’ll be well-equipped to build a financially secure retirement.
$30,000
$30,000
$120,000
$9,101
$758
$30,000
$4,800
$34,800
INCOME ANALYSIS | YEAR 1 | YEAR 2 | YEAR 3 | YEAR 4 | YEAR 5 | YEAR 10 | YEAR 20 | YEAR 30 |
---|---|---|---|---|---|---|---|---|
Gross Scheduled Income | ||||||||
Less Vacancy Allowance | ||||||||
Gross Operating Income | ||||||||
Property Taxes | ||||||||
Insurance | ||||||||
Utilities | ||||||||
Homeowners Association | ||||||||
Maintenance Reserve | ||||||||
Property Management | ||||||||
Total Operating Expenses | ||||||||
Net Operating Income | ||||||||
Capitalization (Cap) Rate (%) | ||||||||
Less Mortgage Expense | ||||||||
CASH FLOW | ||||||||
Cash on Cash Return | 4.8% | 6.1% | 7.5% | 8.9% | 10.4% | 18.7% | 41.4% | 75.3% |
EQUITY ANALYSIS | YEAR 1 | YEAR 2 | YEAR 3 | YEAR 4 | YEAR 5 | YEAR 10 | YEAR 20 | YEAR 30 |
Property Value | $150,000 | $156,000 | $162,240 | $168,730 | $175,479 | $213,497 | $316,027 | $467,798 |
Plus Appreciation | $6,000 | $6,240 | $6,490 | $6,750 | $7,020 | $8,540 | $12,642 | $18,712 |
Less Mortgage Balance | $118,659 | $117,228 | $115,701 | $114,071 | $112,333 | $101,731 | $66,798 | $0 |
TOTAL EQUITY | $37,341 | $45,012 | $53,029 | $61,409 | $70,166 | $120,306 | $261,871 | $486,510 |
Total Equity (%) | 24% | 28% | 31% | 35% | 38% | 54% | 80% | 100% |
FINANCIAL PERFORMANCE | YEAR 1 | YEAR 2 | YEAR 3 | YEAR 4 | YEAR 5 | YEAR 10 | YEAR 20 | YEAR 30 |
---|---|---|---|---|---|---|---|---|
Cumulative Net Cash Flow | $1,686 | $3,823 | $6,432 | $9,531 | $13,143 | $19,651 | $34,042 | $60,237 |
Cumulative Appreciation | $6,000 | $12,240 | $18,730 | $25,480 | $32,500 | $41,040 | $53,682 | $72,394 |
Total Net Profit if Sold | - | $1,309 | $9,548 | $18,158 | $27,158 | $78,674 | $224,020 | $454,393 |
Annualized Return (IRR) | - | 10.9% | 15.7% | 17.6% | 18.4% | 18.6% | 17.5% | 16.9% |