Retirement Calculator
Use this retirement calculator to estimate how current savings, annual contributions, salary growth, investment returns, and employer match can affect your future retirement balance.
Calculator
How to Use This Calculator
- Enter your current age, retirement age, current salary, and current retirement balance.
- Add your contribution rate, expected salary growth, and estimated annual return.
- If your employer offers a match, include the match percentage and limit for a more realistic estimate.
- Review the projected year-by-year balance to see how compounding affects your savings over time.
Why This Matters
Retirement planning usually comes down to a few key variables: how much you save, how early you start, how your income changes, and how your investments grow. Small improvements in contribution rate or employer match can have a large long-term effect.
If you also want to test retirement income, use the Retirement Withdrawal Calculator or the Retirement Spending Calculator.
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How to use the Retirement Calculator
The Retirement Calculator is designed to help you pressure-test retirement income, withdrawal sustainability, inflation pressure, and how long your assets may last before you make a real-world change. Instead of relying on one rough estimate, run a few scenarios with conservative, base-case, and optimistic assumptions so you can see how sensitive the result is to returns, contribution levels, inflation, taxes, or timing.
A calculator result is most useful when you connect it to the account or plan decisions you actually control. After reviewing the output, compare it with your current savings rate, employer match rules, investment menu, expense levels, and withdrawal or rollover options. That is where MyPlanIQ's plan pages and retirement research become useful companions to the raw number.
If the result looks weak, treat that as a planning signal rather than a dead end. Small changes such as contributing earlier in the year, capturing the full company match, lowering fees, adjusting withdrawal assumptions, or choosing a more suitable allocation can materially change long-term outcomes. Re-run the calculator after each change and use the related links below to keep moving from estimate to action.
Related resources
- Browse and compare retirement plans
- Read more about retirement income planning
- Explore all calculators
- Retirement Spending Calculator
- Retirement Withdrawal Calculator
- Social Security Claim Age Calculator
Calculator FAQs
How do you stress-test a retirement calculator?
Run the calculator with lower returns, higher inflation, and a longer lifespan than your base case. That shows how resilient your retirement plan may be if markets and spending do not go your way.
What retirement assumptions matter most?
Savings rate, retirement age, withdrawal level, expected investment return, inflation, and longevity usually have the biggest impact on retirement outcomes. Small changes in those assumptions can materially change the result.
Why compare retirement calculators instead of using only one?
Different calculators answer different planning questions. A Monte Carlo, withdrawal, spending, or Social Security tool can each highlight a different retirement risk, so using several together gives you a better decision picture.