Project a retirement balance and income for your investing horizon.
The current balance and monthly deposits compound to retirement age, and the result is converted to a monthly income over a 25 year drawdown. The longer the horizon, the more compounding does the work, so small contributions made early outperform big ones made later.
Investment Time Horizon
FV = balance x (1+i)^n + contribution x ((1+i)^n - 1)/i; income = annuity drawdown
FV = balance x (1+i)^n + contribution x ((1+i)^n - 1)/i; income = annuity drawdown The current balance and monthly deposits compound to retirement age, and the result is converted to a monthly income over a 25 year drawdown.
The longer the horizon, the more compounding does the work, so small contributions made early outperform big ones made later.
This calculator takes 5 inputs: Current age, Retirement age, Current balance, Monthly contribution, Annual return. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.