Retirement Savings Calculator
NewProject the future value of your retirement savings from current balance, monthly contributions, years until retirement, and an expected annual return, compounded monthly.
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projected total
$0
total contributed
$0
investment growth
Frequently Asked Questions
How does the calculation combine my current savings and future contributions?
It calculates two separate future values and adds them together: the future value of your current balance growing on its own (a lump sum compounding monthly), plus the future value of an ordinary annuity representing all your future monthly contributions compounding alongside it.
What does "compounded monthly" mean here?
Your annual return percentage is divided by 12 to get a monthly rate, and that rate is applied every month rather than once a year — this matches how most retirement accounts and investment returns actually accrue and reinvest over time.
Is a 7% annual return realistic?
It's a commonly cited long-term average for diversified stock market index funds after adjusting for historical performance, but actual returns vary significantly year to year and are never guaranteed — treat any fixed-rate projection as a simplified estimate, not a promise.
Does this account for employer matching or taxes?
No — enter your own monthly contribution including any employer match if you want that reflected, and treat the result as a pre-tax projection since this tool doesn't model tax treatment of different account types (401k, Roth IRA, taxable, etc.).
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