Retirement Savings Calculator – Future Savings Calculator
A retirement savings calculator (or future savings calculator) shows how much your monthly contributions could grow over time. You enter how much you save each month, an expected annual return, and the number of years. This article explains the math and links to our retirement calculator.
Quick Answer
| Label | Value |
|---|---|
| Monthly savings | $500 |
| Annual return | 6% |
| Years | 30 |
| Future value | $502,258 |
How It Works
Future value of a series of monthly payments uses the annuity formula: FV = payment × [(1+r)^n − 1] / r, where r is the monthly rate and n is the number of months. For $500/month at 6% for 30 years, the future value is about $502,000. Use a conservative return assumption for planning.
Additional Notes
Returns are not guaranteed. This does not include taxes or inflation. Consult a financial advisor for retirement planning.
Use Our Calculator
Try our Retirement Calculator for your own numbers: /calculators/retirement-calculator
Related Calculators
It depends on your goal and timeline. Use our calculator with different monthly amounts and years to see outcomes.
Use a conservative long-term assumption (e.g. 5–7% for a mixed portfolio).
No. The result is in today's dollars. Consider inflation when setting goals.