Retirement Age Calculator
The Retirement Age Calculator makes it straight forward for you to answer the most fundamental retirement question, "At what age can I retire?". The calculator only needs answers to a few questions. Hopefully this retirement age calculator gives you insights into your retirement options. If the calculated age is older than you would like, you basically have four options available to reduce the age:
- Increase the annual contribution
- Achieve a higher rate of return on your retirement savings
- Achieve a higher rate of return during retirement
- Reduce your desired retirement income
Financial calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. I cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes.
Retirement Calculator — calculate retirement age
This calculator easily answers the question "Given the value of my current investments and assuming future monthly investments of "X", at what age will I reach my retirement goal?"
The user enters their "Current Age", the "Monthly Amount Invested",the "Annual Interest Rate (ROI)" (annualized Return on Investment one expects to earn) and "Amount Desired At Retirement".
The calculator quickly calculates the user's retirement age and creates an investment schedule plus a set of charts that will help the user see the relationship between the amount invested and the return on the investment. The schedule can be copied and pasted to Excel, if desired.
If you need a more advanced "Retirement Calculator" — one that calculates many more unknowns and one that calculates assuming retirement income and not a final lump sum then try the calculator located here: https:/financial-calculators.com/retirement-calculator