Math
Retirement Calculator
Enter age, retirement age, current savings and monthly contribution — get a clear picture.
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Enter your details to calculate your retirement plan
What does Retirement Calculator?
The retirement calculator estimates the total savings at retirement age and the monthly income you can draw from them.
How to use Retirement Calculator?
- Enter current age, retirement age, current savings, monthly contribution and annual return.
- The tool calculates future value using compound interest.
- Results show: years to retirement, projected savings, monthly income and an "on track" indicator.
Key features
- Future value calculation with compound interest
- Expected monthly income over 25 years
- "On track" indicator based on monthly income threshold
Frequently asked questions
How is the future value calculated?
FV = savings × (1+r)^years + monthly × 12 × (((1+r)^years − 1) / r), where r = annual return / 100.
What is the "on track" threshold?
The tool marks "on track" when the expected monthly income exceeds ₪5,000. This is a general reference point only.
Is this tool free?
Yes, this tool is completely free and requires no registration.
Is my data saved?
No. All calculations happen in your browser only — no data is sent to any server.