How much will you have at retirement?

How it works

What this calculator does

Your money grows two ways: 1) from what you invest each month, and 2) from the growth on everything that's already invested — including past growth. That snowball effect is called compounding, and it's why time matters so much.

We take what you have today, add your monthly contribution, and grow it all at an average yearly return until you retire.

Then we show the result two ways. Future dollars is the number on your statement. Today's dollars shrinks that number back down for inflation, so you can get a feel for how that far that money will actually go. Prices rise over time, so a million dollars in 30 years won't go nearly as far as a million dollars today.

Finally, we estimate what you could spend each year in retirement. A common rule of thumb is to withdraw 4% of your balance in your first year of retirement, then raise that amount for inflation each year so your spending power stays the same. That's what we're assuming here, but it's a guideline, not a guarantee.