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🏖️ Retirement Savings
Estimate retirement savings with current balance, monthly contributions, and return rate, then see year-by-year growth and goal progress by age in clear charts.
Retirement Calculator
Estimate how much your savings will grow over time with monthly contributions and compound interest.
Projected balance: £691,150
How to use this tool
- Enter your current retirement savings and how much you add each month.
- Adjust the years and expected annual return to match your plan.
- Review the projected balance and export the numbers for your financial roadmap.
Planning insights
- See how bumping contributions or extending the timeline compounds growth.
- Use conservative return rates when budgeting to avoid overestimating balances.
- Recalculate annually as income, expenses, or market assumptions change.
Next steps
- Pair the projection with a detailed retirement budget to set a target nest egg.
- Automate contributions via payroll or bank transfers to stay consistent.
- Consult a financial advisor to factor in taxes, inflation, and risk tolerance.
FAQ
- Are returns adjusted for inflation?
- No. Enter a rate that already accounts for inflation if you want real (inflation-adjusted) projections.
- Can I model employer matches?
- Yes. Add expected match amounts to the monthly contribution field for a combined total.
- Why use monthly compounding?
- Monthly contributions are typical for paycheque savings and provide a more precise compound interest estimate.
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