You can use this simple retirement fund calculator to figure out how much you need to contribute each year to your retirement fund to reach your desired funding goal. The calculator uses your current age, expected retirement age, current retirement funding, desired funding at retirement, and annual return on investment to project the annual funding value.
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 money you'd like to have in this retirement fund when you reach your expected retirement age.
This is the annual rate of return you expect to realize on this fund between now and your expected retirement age.
The annual funding is the amount you would need to contribute each year to this retirement fund to reach your funding goal at retirement.
Simple Retirement Fund 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.