A retirement calculator is a scenario tool. It helps you compare contribution and return assumptions, but it cannot guarantee an account balance or withdrawal plan.
Set the time horizon
Start with your current age, target retirement age and existing balance. A longer horizon gives contributions and potential returns more time to compound.
Separate nominal and real values
A nominal projection uses the stated return. Inflation reduces purchasing power, so compare the future balance with an inflation-adjusted view when planning spending.
Review more than one scenario
Run lower, expected and higher return assumptions. Include fees and adjust contributions when your income or target changes.
- Use a conservative return for budgeting.
- Review the result annually.
- Ask a qualified adviser about tax and withdrawal rules.
Frequently asked questions
Are retirement projections guaranteed?
No. They depend on assumptions about returns, contributions, inflation, fees and timing.
Should I include employer contributions?
Include them as part of the contribution amount when the calculator supports it, and keep the employer rules separate in your plan.