Projected savings at retirement
$1,015,810.37
In 30 years, assuming 7% annual return
Total contributed
$230,000.00
Investment growth
$785,810.37
Est. monthly income (4% rule)
$3,386.03
Growth multiple
4.42ร
Savings growth to retirement
Projections are illustrative only. Actual returns vary. The 4% rule is a common guideline for sustainable withdrawals โ not financial advice.
Two scenarios
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How this calculator works and what to know before using it
What this calculator does
Projects retirement savings based on current age, contributions, and expected investment returns โ plus a rough monthly income estimate.
Understanding your result
The projected balance is what you could accumulate if contributions and returns match your inputs. The monthly income estimate uses the 4% rule โ a rough guideline, not a guarantee.
How to use it
- Enter current age, retirement age, and current savings.
- Add monthly contribution and expected annual return.
- Review projected balance and estimated monthly income.
Formula used
Future value of monthly deposits, then 4 percent
Future value of current savings plus future value of monthly contributions, compounded monthly.
Source. Current savings and monthly deposits compound monthly. The income line is 4 percent of that balance, divided by 12. The 4 percent figure comes from William Bengen, Determining Withdrawal Rates Using Historical Data, Journal of Financial Planning, October 1994. This page applies that percent to the projected balance. It does not rerun the historical study, and it does not raise later withdrawals with inflation.
Updated November 1, 2026
Example
Age 35 with $50,000 saved, contributing $500/month at 7% until 65 could grow to over $750,000.
Good to know
- Inflation reduces future purchasing power โ this projection is in today's dollars unless you adjust for it.
- Consult a financial advisor for personalized retirement planning.
Common questions
- What is the 4% retirement withdrawal rule?
- A common rule of thumb: withdraw about 4% of your portfolio in year one of retirement, then adjust for inflation. It is a starting point, not financial advice.
- How much should I save for retirement?
- A common target is 15% of income including employer match, but your number depends on age, current savings, expected expenses, and retirement age.
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