Retirement Savings Calculator
See how much you need to save monthly to reach your retirement goal.
Enter your numbers and select Calculate to see results.
About This Calculator
This calculator works backward from a retirement savings target: enter how much you want to have saved by retirement, and it tells you the monthly contribution needed to get there, given your current savings, time horizon, and expected return.
How This Is Calculated
Required Monthly Contribution solves: FV(contributions) = Target − FV(current savings)
To reach $1.5 million in 30 years starting with $60,000 at 7% return, you'd need to contribute about $955/month.
Assumptions
- Assumes a fixed monthly contribution and constant annual return for the entire period.
- Does not account for taxes, fees, or inflation eroding the target's real value.
Frequently Asked Questions
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Last updated January 15, 2026. Results are estimates for informational purposes only — read our disclaimer.