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Retirement calculator
Enter what you have saved, what you add each month, an expected yearly return and the years to go. See the balance in future money and in today's money.
Balance at retirement
576,798.39
- In today's money
- 311,119.63
- Total contributed
- 180,000.00
- Investment growth
- 396,798.39
Assumes the same return every year, compounded monthly, with contributions at the end of each month. Taxes and fees are not included. This is an estimate, not financial advice.
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Get the investment calculator in the LuxeCalc appOpens the App Store or Google Play on a phone, or the download page on a computer.How it works
The balance grows as P × (1 + i)^m + c × ((1 + i)^m − 1) ÷ i, where P is your current savings, c the monthly contribution, i the yearly return divided by 12 and m the number of months. Contributions are added at the end of each month.
Inflation shrinks what money buys. The balance in today's money divides the future balance by (1 + inflation)^years, which shows what it would buy at today's prices. Investment growth is the future balance minus everything you paid in.
Worked example
With 30,000.00 saved now and 500.00 a month at 7% a year for 25 years, the balance grows to 576,798.39. You pay in 180,000.00, so 396,798.39 is growth. With 2.5% inflation a year, that is 311,119.63 in today's money.
Keep it on your phone
The LuxeCalc app has an investment calculator and 18 more tools. It works offline, with no ads and no account.
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