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🏖️ Retirement Savings Calculator
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: £694,709
Year-by-year projection
| Year | Total contributed | Projected balance |
|---|---|---|
| 1 | £16,000 | £16,955 |
| 2 | £22,000 | £24,413 |
| 3 | £28,000 | £32,411 |
| 4 | £34,000 | £40,986 |
| 5 | £40,000 | £50,182 |
| 6 | £46,000 | £60,042 |
| 7 | £52,000 | £70,614 |
| 8 | £58,000 | £81,952 |
| 9 | £64,000 | £94,108 |
| 10 | £70,000 | £107,144 |
| 11 | £76,000 | £121,122 |
| 12 | £82,000 | £136,110 |
| 13 | £88,000 | £152,182 |
| 14 | £94,000 | £169,416 |
| 15 | £100,000 | £187,895 |
| 16 | £106,000 | £207,710 |
| 17 | £112,000 | £228,958 |
| 18 | £118,000 | £251,742 |
| 19 | £124,000 | £276,173 |
| 20 | £130,000 | £302,370 |
| 21 | £136,000 | £330,461 |
| 22 | £142,000 | £360,582 |
| 23 | £148,000 | £392,881 |
| 24 | £154,000 | £427,515 |
| 25 | £160,000 | £464,653 |
| 26 | £166,000 | £504,475 |
| 27 | £172,000 | £547,176 |
| 28 | £178,000 | £592,964 |
| 29 | £184,000 | £642,062 |
| 30 | £190,000 | £694,709 |
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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