We are audience supported - when you make a purchase through our site, we may earn an affiliate commission. Learn more


Plan for a Secure Future with Our Saving for Retirement Calculator

Are you concerned about your retirement savings? Do you want to know how much you need to save to have a comfortable retirement? Our Saving for Retirement Calculator can help.

This easy-to-use tool allows you to quickly and easily determine how much you need to save in order to reach your retirement goals.

Simply input your current age, retirement age, and expected annual returns, and the calculator will do the rest. 

Try it now and start planning for a secure future!

Calculating Savings for Retirement

Can I afford to retire?  Am I on track for retirement  and are my retirement savings sufficient?  When was the last time you used a saving for retirement calculator?

It is never too early to start saving for retirement. The earlier you start using a saving for retirement calculator, the more time your money has to grow. The key is to start as soon as possible and to make sure that you are putting enough money away each month to reach your retirement goals.

Even if you are already retired, it is never too late to do a retirement checkup and use a retirement nest egg calculator.  Wouldn’t you want to know today what I will need to do, rather than 30 years from now you look back and wish you did things differently?

The good news is that you have a money tool available to you today – FOR FREE. 

There are three stages that we will look at today, and three calculators that I will provide for you for FREE at the end of this article as well:

Saving For Retirement Calculator – You are younger and first starting out – or nearing retirement

  1. How to calculate savings for retirement – am I saving enough for retirement calculator
retirement nest egg calculator
retirement nest egg calculator
  • Formula for calculating retirement savings – as opposed to the general rule of thumb to save 15%v of your income – find out EXACTLY how much YOU should be saving for your retirement goals.  Find out what I will need to save, not 30 years from now.
  • Am I on track for retirement? Are you saving enough  for retirement calculator
  • See the importance of saving early vs saving later calculator
  1. Can I Afford to Retire?
    • Are my retirement savings sufficient, or will I run out of money 30 years from now?
    • Use the Saving for Retirement calculator at the end of the article
    • Use the retirement nest egg calculator to find out how long your portfolio will last as well.
    • Also use the FREE Portfolio Allocation Calculator to help diversify your portfolio as well.
  2. Do you have an already retired calculator?  Yes, we do.
    • Do a retirement checkup and use the Retirement nest egg calculator below
    • Run the Retirement withdrawal calculator.  Why find out 30 years from now if you are projected to have enough saved for retirement, or if you will run out of money.
    • Run the Portfolio Allocation Calculator to also see how your portfolio should be allocated among asset classes.

Saving for Retirement Calculator

Why guess?

How much would you pay for a time machine that let you go into the future nearly 100 times, to see how your portfolio would do?  What is that worth to you?  Well, you don’t need a Delorean…  Use this FREE calculator to find out


This calculator can help you estimate how much your nest egg could be worth when you retire. By inputting data on your current savings, contributions, and portfolio allocation (stocks, bonds, cash), you can generate simulations to see the potential future value of your nest egg. This tool uses data from the historical dataset (1928 – present) to generate runs for each year.


Retirement Withdrawal Calculator for Your Nest egg

This retirement nest egg calculator will predict whether your retirement savings will last based on your savings, withdrawal ratio, and portfolio allocation. It does this by simulating how your nest egg would have fared using historical data. 

You can use this information to compare different portfolio allocation outcomes, realistic withdrawal rates, and set a savings goal. The calculator will output the percentage of time the simulated nest egg stayed above water or ran out of money.


Portfolio Allocation Calculator

This portfolio allocation calculator builds 12 portfolios of varying stock and bond percentages and runs them from the start year to the end year. It computes the total return of $1000 and uses that to determine the following for each portfolio: 

The Compound Adjusted Growth Rate in both real and inflation adjusted terms. 

The standard deviation, which tells you how much volatility happened, higher values mean it moved more. 

Typically bonds have lower volatility than stocks, so they are considered less risky. 

The worst 3 year run and the worst 5 year run. Returns include dividend reinvestment.



Does Calculating Retirement Needs Boost Retirement Savings?

Retirement Security Projection Model

IRS Saving for Retirement


50+ Essential Retirement Statistics for 2022

Ways of calculating the amount of retirement savings needed

Michael Ryan
Michael Ryanhttps://michaelryanmoney.com/
A former stockbroker, financial planner, and owner of my own financial planning practice and then a property & casualty agency. I have since retired and decided I want to help individuals and business owners by offering personal financial coaching. And now, I have started my blog - www.michaelryanmoney.com - to bring financial literacy to everyone. In a short time I have already been quoted and featured in US News & World Report, Business Insider, Yahoo Finance, and more (https://michaelryanmoney.com/home/press/) As a financial planner, I helped people from all walks of life. If you have questions about money, I will help you find the answers at www.MichaelRyanMoney.com
The post contains disclosure regarding affiliate links.
Affiliate Disclosure Link: We are audience supported - when you make a purchase through our site, we may earn an affiliate commission, such as through Amazon.

Subscription Form (#3)

Before you leave... Get Exclusive Updates! Subscribe to Our Newsletter!
Subscribe Now