MihsabaHow to use
The retirement savings calculator projects a current balance and monthly contributions to a chosen retirement age. It also separates total contributions from investment growth and shows an approximate value in today’s purchasing power using your own inflation assumption.
- Enter current age and target retirement age.
- Enter current savings and monthly contribution.
- Set assumed annual return and inflation rates.
- Review projected balance, contributions, growth and inflation-adjusted value.
How it is calculated
Example
Example: 25,000 already saved plus 500 per month for 30 years at an assumed 6% annual return grows to roughly 650,000. The actual outcome depends on realized returns, fees, taxes and contribution timing.
Important notes
This is an illustrative projection, not an investment forecast or recommendation. Returns and inflation are not guaranteed, and taxes, fees and country-specific pension rules are not included.
Worked examples and interpreting results
This example shows current savings and monthly contributions compounding under an assumed long-term return.
| Case | Calculation | Result |
|---|---|---|
| Projected balance after 30 years | 25000×(1+0.06÷12)^360 + 500×[((1+0.06÷12)^360−1)÷(0.06÷12)] | 652,821.901533 |
| Savings plus contributions | 25000 + 500×360 | 205,000 |
| Approximate today-money value at 2.5% inflation | 652821.9015 ÷ 1.025^30 | 311,228.066282 |
How to check the result
The gap between projected balance and contributions is assumed growth, not guaranteed profit. Change return and inflation assumptions to test scenarios.
Frequently asked questions
How are retirement savings projected?
The current balance compounds monthly and each monthly contribution is added through the remaining months to retirement.
Is the inflation-adjusted value an amount I will receive?
No. It expresses projected future savings in approximate today-money purchasing power.
Is the annual return guaranteed?
No. It is only a scenario assumption you choose.
Does this include government pension benefits?
No. It projects only the savings and contributions you enter.