Retirement Calculator

Use the MyAssets Retirement Calculator to estimate how much you’ll need to retire. Whether you’re just starting your career or nearing retirement age, calculate and start building your retirement savings today for a financially comfortable future.

Retirement Calculator

Current Age

Planned Retirement Age

Life Expectancy

Current Pre-Tax Income / Year

Current Income Increase

Income Needed after Retirement

Average Investment Return (per year)

Inflation Rate

Other Income after Retirement

Current Retirement Savings

Future Retirement Savings

Years to retirement

Retirement years

Real rate of return

2.91%

Future income at retirement

$180,256

Need from savings each year

$135,192

Other income each year

Result

Plan by 67

$1,098,539

$774,634 short

Need by 67

$1,873,173

$1.1M (59%)

You will have

$1.87M

You will need

If saved $1.1M

Actual

Today

Income

$6,607/mo

$2,566/mo

If saved $1.87M

Actual

Today

Income

$11,266/mo

$4,375/mo

Required savings

Save $1,540/mo, $18,479/yr, or 18.56% of income.

Balance by age

Current plan

Target plan

Manage your net worth for the retirement plan you deserve with MyAssets.

Retirement Fund Types

Building your retirement fund often involves a combination of different plans and investment options. Here are the most common types you can explore as you’re saving for retirement:

Government Pension Plans

These are state-sponsored programs designed to provide basic income during retirement. Although these programs can provide a financial safety net, they are often not enough as a single source of income in retirement.

Employer-Sponsored Plans

These are retirement plans offered by employers, where you may contribute a portion of your salary. Sometimes employers may offer matching your contributions, which can significantly boost your savings over time.

Personal Pensions

These are privately managed accounts (e.g. SIPP) voluntarily opened to save and invest for retirement. They offer flexibility and, in some cases, tax advantages.

Investment-Linked Insurance

These include market-driven investments that help you passively grow your wealth while you’re saving for retirement. They offer higher growth potential than other retirement fund types, but also come with varying levels of risk.

Insurance and Annuities

These provide guaranteed income or protection, and are often used to complement other retirement savings. Insurances can provide a safety net in case of emergencies in the form of payouts. Annuities can provide stability in the form of a predictable income during retirement.

Financial Calculators

Explore a suite of easy-to-use financial calculators designed to help you understand, plan, and grow your finances. From tracking financial health to calculating investment growth, these tools give you quick, clear insights.

Net Worth Calculator

Get a snapshot of your financial position by comparing your total assets and liabilities.

Compound Interest Calculator

Discover how your investments can grow over time through the power of compounding.

Investment Calculator

Estimate how your money can grow over time and evaluate whether your current contributions and strategy are on track to meet your financial goals.

What is MyAssets?

MyAssets is a wealth tracking software and asset management platform that brings your financial, digital, and physical assets together to give you a complete picture of your net worth growth.

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Monthly

US$ 25.00

Monthly

Explore more of our guides and powerful financial calculators to help you plan smarter. From investment and compound interest calculators to retirement planning tools, our articles break down complex concepts into clear, actionable insights.

Frequently Asked Questions

Learn more about frequent asked questions about investments

The is retirement calculator shows a pension forecast based on the inputs and assumptions provided by the user. Real-life outcomes may vary due to market performance, inflation, and lifestyle changes.

A conservative estimate (e.g., 4–6%) is often recommended, but this depends on the retirement plan and risk tolerance of the user.

Most retirement calculators or final salary pension calculators factor in inflation to estimate future cost of living, so users can adjust their financial retirement plans accordingly.

This retirement calculator assumes consistent spending unless inputs are adjusted by the user. To explore different scenarios, manual testing may be required.

Retirement Calculator