Retirement Savings Calculator
Most financial advisors recommend saving 15% of your income for retirement. With compound interest over 30-40 years, even modest monthly contributions can grow to over a million dollars. Start as early as possible.
Your Savings Details
Your Results
Progress to $1.0MGoal reached!
Time to Goal
34y 9m
Total Contributions
$430,000
Interest Earned
$636,728
Final Balance
$1.1M
Savings Growth
Month 1Month 423
Retirement Savings Tips
- 1.Contribute at least enough to get your employer 401k match (free money)
- 2.Max out Roth IRA ($7,000/year in 2026) for tax-free growth
- 3.Increase contributions by 1% every year
- 4.Low-cost index funds (S&P 500, total market) beat most active managers
- 5.Do not withdraw early, the compound growth in the last 10 years is massive
Quick Facts
Typical Goal
$1.0M
Suggested Monthly
$1,000
At 5% Return
1662 months