Explanation
The calculator compounds current savings and recurring monthly contributions at an expected annual return rate.
Retirement Calculator
Project retirement savings growth from current age to retirement age.
Formula
Future value combines lump-sum compounding and annuity growth of monthly contributions.
The calculator compounds current savings and recurring monthly contributions at an expected annual return rate.
- FV: Retirement corpus at retirement age
- r: Monthly return rate
- n: Total months until retirement
Example
Age 30 to 65, $25,000 current savings, $750 monthly, 7% return
- Compute months to retirement
- Compound current savings monthly
- Add future value of monthly contribution stream
Output includes projected corpus, total contributions, and growth.