This calculator uses the same basic approach as the retirement fund balance calculator, except it presents you with a table showing the compounded growth of the retirement fund over time. As was the case with the retirement fund balance calculator, this tool uses an estimate of your years to retirement and expected annual return on the fund as inputs.
Calculator Definitions
The variables used in our online calculator are defined in detail below, including how to interpret the results.
Your Current Age (Years)
This is your current age in years.
Expected Retirement Age (Years)
This is your expected retirement age.
Current Amount in Fund ($)
If you currently have a retirement fund, then enter that amount here. If you have not started a fund, you can simply enter zero.
Annual Contribution to Retirement Fund ($)
This is how much you'd like to contribute to a retirement fund each year. By increasing or decreasing your annual contribution, you can see the impact on your fund balance at retirement.
Expected Annual Return on Fund (%)
This is the annual rate of return you expect to realize on this fund between now and your expected retirement age. Once again, by increasing or decreasing the expected annual return, you can see the impact on your fund's balance.
Fund Balance at Retirement ($)
This is the expected fund balance you will have at retirement, if you make the annual contributions to the fund each year, and your expected annual return is achieved.
Retirement Fund Growth Over Time ($)
This table shows the growth of the retirement fund over time. Each column in the table shows the growth for each of the years listed, if they apply. If the number of years before expected retirement age is less than 40, then the rows for those years will be blank. This calculator is limited to showing the first 40 years of compounded growth for a fund.
Retirement Fund Growth Calculator
Disclaimer: These online calculators are made available and meant to be used as a screening tool for the investor. The accuracy of these calculations is not guaranteed nor is its applicability to your individual circumstances. You should always obtain personal advice from qualified professionals.
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