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Retirement Savings Calculator
Your details
Assumptions: Replacement 75%, retire at 65, 20-year retirement, 5% inflation, 7% salary increases, 8% nominal growth. Monthly compounding, real comparisons.
Results
A: Required monthly income to retire comfortably (75% of current income)
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B: Projected monthly income from current savings & contributions
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Shown in today's money (inflation-adjusted).
C: The extra amount you have to save per month to reach your income goal.
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Further reading
Save for a monthly pension instead of a pot of gold
Understanding the goal of the Two-pot System
Sources
Old Mutual: Retirement Calculator
SmarterAboutMoney: Retirement savings calculator
The retirement calculator is for illustrative purposes only. Speak to your financial advisor before making any financial decisions.
The calculator was created using ChatGPT. We have used a replacement ratio of 75% and assumed an expected 8% annual growth in the value of savings (%), 5% inflation and an expected annual salary increase of 7%.
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