Bond MeadowRetirement & FIRE calculators

An almanac for later life

Retirement savings projection

How could today's savings and a steady monthly contribution grow by the age you plan to retire? See the answer in future money and in today's money, under the return and inflation you choose.

Your assumptions

Your assumption, not a forecast. Returns vary from year to year.

Educational use only — not financial advice. The rates are your assumptions, not forecasts.

The outlook

At 67, your savings could be about $897,597, which is about $407,303 in today's money.

Years of saving
32
Paid in, including today's savings
$358,435
Growth at 5% a year
$539,162
Each 1% withdrawn, per year, in today's money
$4,073.03

Balance by age

  • Balance (future money)
  • In today's money
$0$250K$500K$750K$1M35404550556067Future moneyToday's money

Point at the chart, or focus it and use the arrow keys, to read any age.

Age by age
Projected balance at each age
AgePaid inBalanceIn today's money
35$40,000$40,000$40,000
36$47,200$49,364$48,160
37$54,544$59,343$56,483
38$62,035$69,971$64,975
39$69,676$81,283$73,639
40$77,469$93,318$82,480
41$85,418$106,114$91,502
42$93,527$119,712$100,710
43$101,797$134,156$110,108
44$110,233$149,492$119,702
45$118,838$165,766$129,496
46$127,615$183,031$139,496
47$136,567$201,338$149,706
48$145,698$220,744$160,132
49$155,012$241,306$170,779
50$164,513$263,088$181,653
51$174,203$286,153$192,760
52$184,087$310,569$204,104
53$194,169$336,408$215,693
54$204,452$363,745$227,533
55$214,941$392,660$239,629
56$225,640$423,235$251,988
57$236,553$455,557$264,617
58$247,684$489,719$277,522
59$259,037$525,816$290,711
60$270,618$563,951$304,190
61$282,431$604,229$317,966
62$294,479$646,763$332,048
63$306,769$691,670$346,442
64$319,304$739,073$361,157
65$332,090$789,104$376,199
66$345,132$841,897$391,579
67$358,435$897,597$407,303

Reading the projection

The calculator adds your monthly contribution at the end of each month and grows the balance at the monthly equivalent of the yearly return you enter. If you choose a yearly rise, the contribution goes up by that percentage every year, as it might with pay rises.

Future money is the balance as it would appear on a statement. Today's money divides it by (1 + inflation) for every year that passes, so you can compare it with prices now. Over 30 years at 2.5% inflation, prices roughly double, which is why the two lines drift apart.

Today's money = future balance ÷ (1 + inflation)years

Worked example: a 35-year-old with $40,000 saved who adds $600 a month, rising 2% a year, and assumes a 5% return with 2.5% inflation, would reach about $897,597 by 67, or about $407,303 in today's money. The last figure in the summary shows what each 1% withdrawn per year would give in today's money; it does not suggest any particular withdrawal rate.

The projection ignores taxes, fees and the ups and downs of real markets, and it assumes the same return every year. Treat it as a way to compare assumptions, and change the return to see how much the result depends on it.

Sources

  1. U.S. Securities and Exchange Commission, Investor.gov Compound Interest Calculator.
  2. U.S. Bureau of Labor Statistics, Consumer Price Index: the usual measure of US inflation, for choosing your own inflation assumption.

Other paths through the meadow

Four more calculators about the years after work, each showing its working.

Questions

What return should I enter?

Your own assumption. This site makes no forecast: the 5% filled in is only an example. Many people try a cautious, a middle and a hopeful figure and compare the three, because over decades a single percentage point changes the result a great deal.

Why show today's money?

A million in 30 years will buy far less than a million today. Dividing by inflation turns the future figure into what it would be worth at today's prices, which is easier to compare with your current spending.

Are taxes and fees included?

No. Depending on the account, contributions, growth or withdrawals may be taxed, and funds charge fees. Lowering the return you enter is a simple way to allow for fees.

Is anything I enter stored?

No. The figures stay on this page and are never sent anywhere. Only your currency choice and light or dark theme are remembered, in this browser's local storage.