Retirement Calculator
Plan your retirement savings goals, calculate retirement fund accumulation and monthly retirement income. Helps you make informed investment decisions.
Start Calculating
Retirement Calculator
Calculation Results
Please fill in all information and click calculate
Retirement Planning Tips
- • Start saving early to leverage the power of compound interest
- • Consider inflation to ensure your retirement income can maintain your standard of living
- • Regularly check and adjust your retirement plan to ensure it aligns with your goals
- • Results are for reference only, it is recommended to consult a professional financial advisor for a personalized retirement plan
Features
Compound Interest Calculation
Considers the compound interest effect on investment returns for more accurate retirement savings prediction
Retirement Fund Projection
Calculates retirement funds based on current savings, monthly contributions, and expected return rate
Retirement Income Estimation
Estimates monthly available income after retirement to help plan retirement life
Personalized Planning
Customizes retirement plans based on individual situations and goals
Helpful Tips
Start saving early to leverage the power of compound interest
Regularly increase your savings amount, especially when your income grows
Diversify investments to spread risk
Regularly check and adjust your retirement plan to ensure it aligns with your goals
How to Use
Enter Personal Information
Enter your current age, planned retirement age, and current savings amount
Set Savings Plan
Enter monthly savings amount and expected annual return rate
View Calculation Results
Get estimated total savings at retirement and monthly available income
Frequently Asked Questions
When should I start saving for retirement?
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When should I start saving for retirement?
The earlier you start saving, the better, as the compound interest effect amplifies over time. Ideally, you should start saving for retirement as soon as you begin working. Even if the amount is small, the benefits of starting early are significant. For example, starting to save $500 per month at age 25 may accumulate more retirement funds by age 65 than starting to save $1,000 per month at age 35.
What percentage of my income should I save for retirement?
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What percentage of my income should I save for retirement?
Financial experts typically recommend saving 15-20% of your income for retirement, but this percentage varies based on individual situations. Influencing factors include: 1) Age when you start saving: the later you start, the higher percentage needed; 2) Retirement goals: those wanting to maintain a higher standard of living need to save more; 3) Life expectancy: consider family health history and personal health condition; 4) Other income sources: if you have a pension or other fixed income, you might need to save less. It's recommended to use a retirement calculator for personalized analysis.
How to balance retirement savings with other financial goals?
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How to balance retirement savings with other financial goals?
Balancing retirement savings with other financial goals requires a comprehensive financial plan: 1) Prioritize paying off high-interest debt, such as credit card debt; 2) Establish an emergency fund, typically 3-6 months of living expenses; 3) If your employer offers retirement matching, contribute at least enough to get the full match; 4) Save simultaneously for short-term goals (like a house down payment) and long-term goals (like retirement), but adjust the proportions as needed; 5) Increase retirement savings percentage as your income grows; 6) Consider using different types of accounts, such as tax-advantaged retirement accounts and regular investment accounts, to provide flexibility.
How should I invest my retirement savings?
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How should I invest my retirement savings?
Investment strategy for retirement savings should be adjusted based on age and risk tolerance: 1) Young age (20-40): you can bear higher risk, with stock proportion up to 80-90% in your portfolio to pursue long-term growth; 2) Middle age (40-55): gradually reduce risk, stock proportion may decrease to 60-70%, increasing stable assets like bonds; 3) Near retirement (55+): further reduce risk, stock proportion may decrease to 40-50%, with more allocation to bonds and cash; 4) After retirement: adopt a more conservative strategy, but still retain some proportion of stocks to counter inflation. Regardless of age group, investment diversification is key, consider low-cost index funds and ETFs. Regular portfolio rebalancing is also important.