Retirement Savings Calculator
Project retirement savings
Project the capital you could build up for retirement from your age, the age you want to retire, what you've already saved and what you contribute each month. You also need an assumed annual return.
Project your retirement savings
Result
Capital at retirement
€382,166.77
- Years to retirement
- 32 years
- Total contributed
- €135,200.00
- Cumulative returns
- €246,966.77
Formula version: 1.0.0
Show year-by-year breakdown
| Year | Contributed | Interest | Balance |
|---|---|---|---|
| 1 | €23,600.00 | €1,106.89 | €24,706.89 |
| 2 | €27,200.00 | €2,454.60 | €29,654.60 |
| 3 | €30,800.00 | €4,055.45 | €34,855.45 |
| 4 | €34,400.00 | €5,922.37 | €40,322.37 |
| 5 | €38,000.00 | €8,069.00 | €46,069.00 |
| 6 | €41,600.00 | €10,509.63 | €52,109.63 |
| 7 | €45,200.00 | €13,259.32 | €58,459.32 |
| 8 | €48,800.00 | €16,333.86 | €65,133.86 |
| 9 | €52,400.00 | €19,749.89 | €72,149.89 |
| 10 | €56,000.00 | €23,524.87 | €79,524.87 |
| 11 | €59,600.00 | €27,677.17 | €87,277.17 |
| 12 | €63,200.00 | €32,226.10 | €95,426.10 |
| 13 | €66,800.00 | €37,191.93 | €103,991.93 |
| 14 | €70,400.00 | €42,596.01 | €112,996.01 |
| 15 | €74,000.00 | €48,460.76 | €122,460.76 |
| 16 | €77,600.00 | €54,809.74 | €132,409.74 |
| 17 | €81,200.00 | €61,667.73 | €142,867.73 |
| 18 | €84,800.00 | €69,060.77 | €153,860.77 |
| 19 | €88,400.00 | €77,016.24 | €165,416.24 |
| 20 | €92,000.00 | €85,562.91 | €177,562.91 |
| 21 | €95,600.00 | €94,731.02 | €190,331.02 |
| 22 | €99,200.00 | €104,552.37 | €203,752.37 |
| 23 | €102,800.00 | €115,060.39 | €217,860.39 |
| 24 | €106,400.00 | €126,290.19 | €232,690.19 |
| 25 | €110,000.00 | €138,278.72 | €248,278.72 |
| 26 | €113,600.00 | €151,064.79 | €264,664.79 |
| 27 | €117,200.00 | €164,689.20 | €281,889.20 |
| 28 | €120,800.00 | €179,194.84 | €299,994.84 |
| 29 | €124,400.00 | €194,626.80 | €319,026.80 |
| 30 | €128,000.00 | €211,032.48 | €339,032.48 |
| 31 | €131,600.00 | €228,461.68 | €360,061.68 |
| 32 | €135,200.00 | €246,966.77 | €382,166.77 |
How to use the retirement savings calculator
- Enter your current age and the age you want to retire.
- Enter your current savings and what you'll contribute each month.
- Enter a prudent annual return and review the projected capital.
Retirement savings formula
Capital = S × (1 + i)^m + C × ((1 + i)^m − 1) / i
What each variable means
- S
- current savings
- C
- monthly contribution
- i
- monthly return
- m
- months to retirement
Starting early has a big effect: the earliest contributions compound for the longest.
Retirement savings example
At 35, with €20,000 saved and €300 a month at 5% until 67 (32 years), you contribute €135,200 and the projection reaches €382,166.77.
Illustrative example with the data shown; not a guaranteed outcome.
Assumptions and limitations
- Constant return, compounded monthly.
- Taxes, fees and inflation are not included: the capital is in future money.
- The public pension is not included.
Frequently asked questions
What return should I use?
A prudent one for how you invest; try several scenarios.
What will it be worth in today's money?
Run the result through the inflation calculator to see it in today's purchasing power.
Related calculators
- Monthly Pension Calculator
- Retirement Income Calculator
- Investment Growth Calculator
- Pension Calculator
Indicative result for information only; not financial or tax advice. Read the legal notice · How we calculate results
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