Retirement Calculator
Estimate how your savings and monthly contributions could grow by retirement, account for inflation, and review an indicative retirement income.
Enter your details
Projections are estimates, not guarantees. Actual investment returns vary and may be negative. This simplified model assumes a constant annual return, monthly contributions at month-end, and no taxes, fees, or pension income.
Your retirement projection
Projected growth by year
Year-by-year schedule
| Age | Opening balance | Contributions | Growth | Closing balance |
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How the retirement calculator works
1. Project savings to retirement
The calculator grows your current savings using the assumed monthly return, then adds the future value of regular monthly contributions made at the end of each month.
Future value of current savings: P × (1 + r)n. Future value of monthly contributions: PMT × (((1 + r)n − 1) ÷ r), where P is current savings, PMT is the monthly contribution, r is the monthly return and n is the number of months until retirement. When r is zero, contributions are simply added to current savings.
2. Adjust for inflation
The estimated future balance is divided by (1 + inflation)years to retirement to show an approximate value in today's purchasing power.
3. Estimate a possible monthly income
The income estimate spreads the projected retirement balance across your selected retirement income period, assuming the same monthly return continues. It is a mathematical illustration, not a recommended withdrawal amount or a guarantee that the money will last.
How to use this calculator
- Enter your current age and the age you want to retire.
- Add your existing retirement savings and planned monthly contribution.
- Choose assumed annual return and inflation rates.
- Select a retirement income period and display currency.
- Click Calculate retirement to view the projection and yearly schedule.
Frequently asked questions
How much should I save for retirement?
It depends on your future spending, retirement age, other income sources, inflation, investment returns, taxes, and how long you expect retirement to last. Use several scenarios rather than relying on one estimate.
Why does inflation matter?
Inflation reduces purchasing power over time. A future balance may look large in nominal terms but buy less than the same amount buys today.
What annual return should I enter?
There is no guaranteed return. Choose assumptions appropriate to your investment mix and test lower-return scenarios as well as your central estimate.
Does this include pension, EPF, NPS, tax, or fees?
No. Enter only the retirement savings and monthly contributions you want to model. Pension benefits, EPF/NPS rules, tax, fees, contribution changes, and other income are not included in this simplified estimate.
Is the monthly retirement income guaranteed?
No. It is an estimate based on a constant assumed return and a selected payout period. Real returns, inflation, taxes, fees, and the timing of withdrawals can materially change outcomes.