Retirement savings calculator

Calculate how much to save each month to reach your target retirement balance.

Savings goal

Target retirement balance $ The target represents Amount already saved $

Years until retirement Assumed annual return %

Enter an annual return after investment fees and before inflation. The starting assumptions are editable examples, not a forecast or recommended investment return.

Contributions & inflation

Employer contribution per month $ Use the amount you expect to receive. Matching rules and vesting are not calculated here.

Annual increase in your contribution % Assumed annual inflation %

Monthly deposits happen

Your contribution increases once each year; the employer contribution stays fixed. Inflation increases the future balance needed to preserve your target’s buying power.

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Your monthly contribution

Enter a savings goal

Enter the retirement balance you want to reach.

The calculation compounds an effective annual return monthly and solves for the smallest whole-cent deposit that reaches the target. Monthly growth and contributions are rounded to cents. For background on savings targets, see the SEC’s savings goal calculator.