What is a retirement savings estimator?

A retirement savings estimator helps you estimate how much you need to save each month to reach a target retirement fund based on your current age, target retirement age, existing savings, and expected annual return.

How is the monthly retirement saving calculated?

This estimator calculates the future value of your current savings using compound growth and then determines the required monthly contribution needed to reach your retirement target within the remaining time. Related concepts: - [Wikipedia – Compound interest](https://en.wikipedia.org/wiki/Compound_interest) - [Investopedia – Future Value](https://www.investopedia.com/terms/f/futurevalue.asp)

Does this tool consider inflation?

No. This tool does not include inflation in the calculation. It focuses on providing a simple estimation using a fixed annual return rate. Inflation adjustments may be added in future versions.

Is this a financial planning or advisory tool?

No. This tool provides an estimation only and does not offer financial advice. The results are intended for educational and planning purposes.

Can I use this estimator for early retirement planning?

Yes. You can set any target retirement age, including early retirement, as long as it is greater than your current age.

Is my data stored or sent to a server?

No. All calculations are performed locally in your browser. No personal or financial data is stored or transmitted.

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Retirement Savings Estimator

Estimate how much you need to save each month to reach your retirement goal based on your age, current savings, target retirement age, and expected annual return.

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Retirement Savings Estimator