This calculator uses the same basic approach as the retirement fund balance calculator, except it presents you with a table showing the compounded growth of the retirement fund over time. As was the case with the retirement fund balance calculator, this tool uses an estimate of your years to retirement and expected annual return on the fund as inputs.
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.
This table shows the growth of the retirement fund over time. Each column in the table shows the growth for each of the years listed, if they apply. If the number of years before expected retirement age is less than 40, then the rows for those years will be blank. This calculator is limited to showing the first 40 years of compounded growth for a fund.
Retirement Fund Growth 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.