Free calculators and unit converters for general and everyday use.
Our online tools will provide quick answers to your calculation and conversion needs. On this page, you can calculate the amount you need to save every month to maintain your lifestyle post retirement.
For all purposes, interest rates are compounded annually in this retirement planner.
Android: Use this retirement calculator offline with our all-in-one calculator app.
We use the following steps to calculate the amount of savings you need order to live comfortably after retirement:
1. Estimate your annual expenses at the time of your retirement by taking inflation into account.
2. Find the Net Present Value of all your future cash flows obtained from step 1, which is your retirement savings goal.
3. Calculate the monthly savings amount you need to make to reach your retirement goal, using the Future value of annuity formula.