Retirement Calculator
Project your retirement savings and see whether your current savings rate is likely to support your desired monthly income in retirement.
Projected savings at retirement
$1,015,810.37
You're on track to meet your desired retirement income.
What Your Result Means
Projected savings at retirement is your estimated nest egg on the day you retire. Estimated monthly income available is roughly how much you could withdraw each month from that nest egg for your chosen number of years without running out - compared against your desired income to show a surplus or shortfall.
How It Is Calculated
Calqora grows your current savings plus monthly contributions at your expected return rate until retirement age, then estimates a sustainable monthly withdrawal amount over your specified withdrawal period, assuming the remaining balance continues earning the same rate.
Worked Example
Starting at age 35 with $50,000 saved, contributing $500/month at a 7% return until age 65, projects to roughly $940,000 at retirement - supporting an estimated monthly income around $6,600 over 25 years, well above a $4,000 desired income target.
Important Assumptions
- Assumes a constant rate of return both before and during retirement - a simplification of real market behavior.
- Does not account for Social Security, pensions, taxes, or inflation.
- This is a planning estimate, not a guarantee - consult a financial advisor for a comprehensive retirement plan.
Frequently Asked Questions
- Does this include Social Security?
- No - this calculator only projects your personal savings and contributions. Add any expected Social Security or pension income separately when planning your total retirement income.
- What if I'm not on track?
- Consider increasing your monthly contribution, adjusting your retirement age, or reviewing your desired income target - small changes compound significantly over long time horizons.
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Methodology
This calculator combines compound growth projections with a simplified sustainable withdrawal estimate. See our methodology page for details.
This calculator provides estimates for educational purposes only. Actual rates, taxes, insurance, fees, and lender terms may differ. It does not constitute financial advice - consult a qualified financial professional before making financial decisions.