Calculations are rooted in standard financial formulas and are provided as educational estimates only. They do not constitute professional financial advice. Results may vary based on actual interest rates and fees. You should verify all numbers with a certified financial professional prior to making significant financial commitments. Read our editorial commitment →
Visualize your future and take control of your retirement planning. This tool projects how your initial savings and consistent monthly contributions will grow over time through compound interest.
Experiment with different retirement ages and return assumptions to see what it takes to hit your financial goals. The best time to start planning was yesterday; the second best time is today.
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This calculator projects your future nest egg by applying the power of compound interest to your current savings and future monthly contributions.
See how a $500 monthly contribution grows over a 35-year career:
*Of this total, approximately $662,000 comes from compound interest alone!
Compound interest is often called the 'eighth wonder of the world.' If you start saving $500 a month at age 25, you could retire with significantly more than if you start at age 35, even if you save more per month later. Time is your greatest asset in retirement planning.
Retirement planning has many moving parts. Use these related tools to dive deeper into specific accounts and strategies:
Estimate how much you need to save for a comfortable retirement.