This retirement calculator allows you to set a retirement goal and calculates how you can achieve the goal
Instructions
- Enter you current age
- Enter your anticipated retirement age
- Enter interest rate. (Interest rate is not fixed, you are advised to be conservative by using 12%)
- How much do you want to have by your retirement date.
Buttons
- Calc- To calculate your result
- Clear: To Cllear contents from the input boxes
- Print: To Print the results
- Savings Schedule: To view a statement of the breakdown
- Charts: to view the results in a chart
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.