Estimate your retirement savings based on contributions, growth rate, and years until retirement.
The calculator uses compound interest plus monthly contributions:
Future Value = P(1 + r/n)^(nt) + PMT × [((1 + r/n)^(nt) − 1) / (r/n)]
Where:
• P = current savings
• PMT = monthly contribution
• r = annual return rate (decimal)
• n = 12 (monthly compounding)
• t = years until retirement
Current Savings = 10,000 Monthly Contribution = 400 Return Rate = 7% Years = 25 Possible Output: Future Value = 395,822.44