Use this retirement savings calculator to calculate how much money you’ll need to invest each month to reach your retirement goal at the age you’re anticipating retiring.
First, enter your current age, anticipated retirement age, and how much you currently have saved in your retirement accounts. Then, enter the anticipated annual return on your investments and how much you want to have in your retirement accounts when you retire.
Click Calc to calculate your projected monthly investment required. You’ll also see the total amount you invested as well as the total interest you’re projected to earn between now and your anticipated retirement age.
You can then click on Savings Schedule to see a table of how your wealth will grow. Additionally, you can click on Charts to see graphical information about your wealth generation.