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Retirement Calculator

How much you'll have when you retire, how much income that amount sustains, and what's missing.

Result

Currency

How old you are now.

When you plan to retire.

How much you set aside each month right now.

In today's money, during retirement.

Surplus or shortfall

72.198 €

Projected nest eggAssumption
311.355 €
In today's moneyAssumption
171.890 €
What you needAssumption
99.692 €
Sustainable monthly incomeAssumption
1.034,53 €
How much to save per monthAssumption
0,00 €
Years to retirement
30
Show all years
ReturnNest eggIn today's moneyIncome
3,00 %170.253 €93.992 €431,44 €
6,00 %311.355 €171.890 €1.034,53 €
9,00 %604.992 €333.998 €2.562,04 €

How it's calculated

The calculation runs in two steps. First, accumulation: your current savings plus monthly contributions, grown until retirement age. Then, withdrawal: how much you can take out each month for the amount to last the whole period.

The comparison is made in today's money. The income you're asking for is in today's value, so the accumulated nest egg is also converted into today's money before we compare. Comparing a nominal amount to a real need is the most common way these calculations overstate the result.

The three scenarios aren't forecasts. They're the same plan with three different return assumptions, and the spread between them is the real information: it shows how much the result depends on something nobody controls.

Example

At age 35, with €10,000 in savings and €250 per month until age 65 at a 6% return: the nest egg tops €270,000, which in today's money is about €150,000. That sustains around €800 per month for twenty years.

Frequently asked questions

Why is the amount in today's money so much smaller?
Because inflation eats away at the value of money over thirty years. The nominal figure looks large, but what matters is how much that amount will actually buy when you retire.
Is the withdrawal rate here realistic?
The calculation spreads the amount so that it runs out exactly at the end of the period you've set, while still earning a real return. That's more conservative than the well-known 4% rule if the period is long, and more generous if it's short.
What if I live longer than I planned for?
Then the amount runs out before you do. That's why it's worth trying it with a longer period — say thirty years instead of twenty — and seeing how much the required monthly saving changes.
Does this include the state pension?
Yes, if you enter it. We subtract it from the income your own savings need to cover, so the required amount comes out smaller. If you're not sure how much you'll receive, leave it at zero.