Retirement Savings Calculator — calculate savings required to reach retirement goal
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
Currency and Date Conventions
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.
Jay Khatter says:
Good Evening,
I am trying to start a fixed and indexed annuity comparison website no variable products. Are you able to help I am willing to pay you well.
Thank You,
Jay Khatter
http://www.khatterfinancial.com
Karl says:
I’ll reply to your personal email address.
Sabrina Hamilton says:
What is the compound frequency of the interest rate? In the screenshot (just above these comments) it says “Annual Interest Rate” but in the plugin the label is just “Interest Rate (ROI)”
Also, when I choose the print option, the print window shows 3 pages to print – one with the completed fields, and then two more identical pages but all fields are blank. Any way to fix that? I’d like to use the shortcode for these calculators on my personal finance site.
Karl says:
The user enters an annual interest rate. Compounding is monthly since the return from the prior month is immediately invested and it then also earns a return.
I just tried printing with the current version of Chrome, and I can’t duplicate the printing problem you describe using the plugin on this page. What browser are you using on what device? Is it installed on your website, or are you trying the one on this website?