The Simple
Retirement Calculator

How it works: Find out what size of retirement could you get if you invest your savings. Fill in steps 1 and 2 and let the owl show you the power of compounding. Compounding is when we add the accumulated interest of our money to the initial capital and we let them gain interest again and again. With Compounding, time can convert a simple interest rate to a serious multiplier
1

My Info

I am years old. I plan to retire at the age of . I do not plan to die before I am years old.
2

My Capabilities

I already have $ saved. I am able to add $ per month. I am able to find a % annual interest rate .
Saved
Earned
I am 30
Saving
Retired
3

Results

  • You will have 396.384 $ by only saving 75.000 $ of your own money. That is 5,3 times more!
You can follow one of the 3 following Retirement Plans:
  1. Leave your money invested and just spend 3.215 $ per month. By the time you are 90 your money will be gone.
  2. Leave your money invested and just spend 2.727 $ per month out of interest only. That way you will always have your 396.384 $ untouched.
  3. Take your money and spend 1.101 $ per month. By the time you are 90 your money will be gone.
4

Did you know?

  • With theses savings, you could be a millionaire by the age of 71.
  • With 1% more interest you could be at 4.302 $ per month.
  • If you could work for 4 more years you could have 1.205 $ per month more.
  • You could have the same result starting with 29.876 $ and zero monthly contributions. That would save you another 45.124 $.