You can use this retirement fund balance calculator to figure out how much money you will have in a retirement fund, given a fixed annual contribution. The calculator uses an estimate of your years until retirement, and expected annual return on the fund, to calculate the fund's balance at retirement.
The variables used in our online calculator are defined in detail below, including how to interpret the results.
This is your current age in years.
This is your expected retirement age.
If you currently have a retirement fund, then enter that amount here. If you have not started a fund, you can simply enter zero.
This is how much you'd like to contribute to a retirement fund each year. By increasing or decreasing your annual contribution, you can see the impact on your fund balance at retirement.
This is the annual rate of return you expect to realize on this fund between now and your expected retirement age. Once again, by increasing or decreasing the expected annual return, you can see the impact on your fund's balance.
This is the expected fund balance you will have at retirement if you make the annual contributions to the fund each year, and your expected annual return is achieved.
Retirement Fund Balance Calculator - Copyright © 2005 - 2015 Money-Zine.com (Last Reviewed on January 23, 2015)
Disclaimer: These online calculators are made available and meant to be used as a screening tool for the investor. The accuracy of these calculations is not guaranteed nor is its applicability to your individual circumstances. You should always obtain personal advice from qualified professionals.