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
32
Retirement years
18
Real rate of return
2.91%
Future income at retirement
$180,256
Need from savings each year
$135,192
Other income each year
$0
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.
Add up to 25 assets for <strong>free</strong>.
Get Started for FREERetirement 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:
01
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.
02
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.
03
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.
04
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.
05
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 CalculatorGet 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 CalculatorEstimate 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.
Where Personal Net Worth Management Meets Smart Pricing
Discover a powerful net worth tracking and wealth management software that helps you manage your valuables at the best price!
Unlimited asset entries and updates with Premium.
Automatic update feature
Comprehensive, downloadable reports
Wide range of software integrations
Global customer support
Sign up now and get up to 25 assets free.
Ready to get started?
Let’s get everything organised for you, today! Embrace cost-effective flexibility, enjoy our premium features while saving big with our subscription plan offers.
Monthly
US$ 25.00
Monthly
Sign up now and get up to 25 assets for free.
Related Articles
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.
