Retirement Saving Calculator
Determine how much you need to save each month to reach a specific retirement goal.
Results
What is it?
A goal-based retirement savings calculator that works backwards from your target nest egg. It tells you exactly how much to save each month to reach your retirement goal, accounting for existing savings and expected investment returns.
How to use
Set your retirement savings goal (e.g. $1,000,000), current savings, expected annual return, and years until retirement. The calculator computes the monthly savings required, total contributions, and how much comes from interest.
Example scenario
To reach $1,000,000 in 25 years starting with $50,000 at 7% return, you would need to save roughly $1,050/month. Of the $1M goal, about $365,000 comes from contributions and $635,000 from compound interest.
Pro tip
If the required monthly savings feels too high, consider extending your retirement date or increasing your target return through a more growth-oriented portfolio — just be mindful of the additional risk.