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Retirement Fund Calculator for Calculating Savings Needed

Calculator Preferences
Retirement Fund Calculator

This is the most comprehensive of the retirement planning calculators, as it includes options for factoring in inflation, income taxes, up to three post-retirement incomes, up to 4 one-time contributions, and more. Results include a year-by-year retirement fund schedule showing the beginning and ending balance for each year, as well as the factors responsible for the changes. Also includes a printer friendly report.

Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Retirement Needs
Basic Fund Variables
Lump Sum ContributionsLump Sum ContributionsLump Sum Contributions (Sale of Home, etc.)Lump Sum Contributions (Sale of Home, Inheritance, etc.)
Post-Retirement IncomePost-Retirement IncomePost-Retirement Income (SSI, Pension, Wages, etc.)Post-Retirement Income (Social Security, Pension, Wages, etc.)
Retirement Fund Forecast

Retirement Fund Forecast:

The fields in this section are all computed fields. Each time you make a change to any fields in the top section of the calculator, you will need to tap the Calculate Retirement Fund button to repopulate the fields in this section.

Savings need:Savings needed:Savings needed when you retire:Savings needed when you retire:

Savings needed when you retire:

This is the amount you will need to have saved by retirement age in order to fund your retirement plan.

Retire fund:Retirement savings:Retirement savings based on your entries:Retirement savings based on your entries:

Retirement savings based on your entries:

Based on your current savings, current contributions and expected annual return on your retirement investments, this is how much you will have saved by retirement age.

Surp/-short:Surplus/-shortfall:Estimated savings surplus/-shortfall:Estimated savings surplus/-shortfall:

Estimated savings surplus/-shortfall:

This is the difference between how much you will need to have saved and how much you will have saved based on your present entries. A positive number represents a surplus, whereas a negative number represents a shortfall.

Increase req:Increase needed:Monthly saving increase needed:Monthly saving increase needed for fully funded plan:

Monthly saving increase needed for fully funded plan:

If your retirement plan shows a shortfall, this is the additional monthly contribution you will need to start making now in order to fully fund your retirement plan.

Crnt monthly:Crnt monthly save:Current monthly contribution amount:Current monthly contribution amount:

Current monthly contribution amount:

This is your current monthly contributions.

Tot required:Total required:Total monthly savings required:Total monthly savings required for fully funded plan:

Total monthly savings required for fully funded plan:

This is the total monthly contributions you need to start making now in order to fully fund your plan.

If you would like to save the current entries and results to the device you are using, tap or click on the Data tab and then tap or click on the Save button. If you upgrade your Basic, Local Storage subscription to the Cloud Storage acess level, you can save multiple sets of entries for this calculator to the secure database, which makes them accessable from any device.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated
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About

About the Retirement Fund Calculator

This comprehensive online Retirement Fund Calculator will calculate how much you need to be saving each month in order to fully fund your retirement plan.

The calculator includes options for factoring in inflation, taxes, up to three post-retirement incomes, and up to 4 one-time contributions (sale of home, etc.).

You can also print out printer-friendly retirement planning reports for any number of what-if scenarios.

If you would prefer a simpler calculator that does not attempt to account for inflation and taxes, please use the Retirement Saving Calculator.

Or, if you prefer to use a calculator that does account for inflation, but is less comprehensive than the one on this page, you may want to refer to the Retirement Income Calculator.

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Instructions

How to use the Retirement Fund Calculator

Step #1:

Tap the plus (+) icon to expand complete the Retirement Needs section of the calculator.

Step #2:

Tap the plus (+) icon to expand and complete the Basic Fund Variables section of the calculator.

Step #3:

If you will be making any one-time, lump sum contributions to your fund, tap the plus (+) icon to expand and complete the Lump Sum Contributions section of the calculator.

Step #4:

If you will have other income sources after retirement, tap the plus (+) icon to expand and complete the Post-Retirement Incomes section of the calculator.

Step #5:

Click the Calculate Retirement Plan button. This will populate the result fields in the Retirement Fund Forecast section, display chart showing the year-to-year growth and decline of your retirement fund, and display a button to open the full report in a printer-friendly window.

Saving Entries:

If your web browser supports Local Storage, you can save your entries to your web browser so won't have to start over on your next visit. Please note that your saved entries can only be retrieved from the same device and web browser you were using when you stored them. If you would like to access your saved entries from any device I invite you to subscribe to the Ad-Free Member Version.

To save your entries to your web browser, click or tap the Data tab in the Help and Tools section (mobile: top right of the main screen), select "New Data Record" from the drop-down menu, enter a name for the data record, and then tap or click the Save button.

To load previously saved entries, click or tap the Data tab and select the saved data record from the drop-down menu. You can then save any changes to your entries by simply clicking the Save button while the data record is selected.

To clear a named set of saved entries, click or tap the Data tab, select the saved data record from the drop-down menu, and then tap or click the Clear button.

Numbers and Decimals:

Only numeric characters (0-9 and decimal points) may be entered in numeric fields. Non-numeric characters (dollar signs, percent signs, commas, etc.) may cause calculation errors. If the field includes a grid icon, tapping the icon will open a popup keypad which will include only the characters allowed in the field. If your device keypad does not include a decimal point, use this popup keypad to enter decimal numbers where applicable.

Popup Tool Tips:

Tap the info (i) icons for a further explanation of each entry field (you can click [X] or outside of the pop-up tool tips to close them). A summary of these explanations, along with any additional term explanations, can also be found under the Terms tab.

Disclaimer:

Since I can't test for every possible combination of numbers, please be sure to double-check the results of this calculator yourself before considering them to be valid. If you do discover an issue with the calculated results, please report the issue using the feedback form located below the calculator.

Scrolling & Shrinking:

In order to scroll the calculator vertically you will need to swipe just outside of the calculator's dark-blue border, or use the window's far right-hand scroll bar, whichever is applicable to your device.

If the top section of the calculator becomes to tall for your viewport, tapping in the "Enter a problem..." field should reset the top section to its original height.

Disclaimer:

The Algebra Calculator is the only calculator on the site that I did not create myself. And since I did not create it, I don't have access to the code for fixing any issues you may be experiencing. So if you are having issues with the calculator, please visit the support page at Mathway.com for assistance.

Glossary

Fields, Terms, and Definitions.

Reset button:

Clicking the "Reset" button will restore the calculator to its default settings.

Pocket Calculator

Calculate any amounts needed to enter into calculator.

 

Data Management

Save and retrieve entries and notes (requires HTML5 compliant web browser).

Calculator Data

Calculator Data:

If you are using the latest version of your web browser software, this feature will allow you to save your calculator entries to your web browser's local storage in between visits. This means the calculator entries can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save data between devices you will need to subscribe to the Ad-Free Member Version.

Save: To save a new set of calculator entries, select "New Data Record" from the dropdown list, enter a nickname for the data record, then click the "Save" button.

Load: To load a previously saved set of calculator entries, simply select the name of the data record from the dropdown list.

Save Changes: To save changes to a set of previously saved calculator entries, be sure the name of the data record is selected, and then click the "Save" button.

Clear: To clear a saved set of entries, be sure the name of the data record is selected, and then click the "Clear" button.

Backup Data
My Notes:
Subscribe to the Cloud level of the Ad-Free Member Version to save your entries and notes to a secure online database, allowing you to access your saved entries from any device or web browser.

Sorry! The Save functions are bonus features reserved for those who allow ads to display on the page.

If you would like to use the Save features, please disable ad blocking for this website and refresh the page. Or you can choose to subscribe to the Ad-Free Member Version of the site.

Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.

 

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