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Home› Calculators› Investing & Wealth Management› Retirement Savings Calculator

Retirement Savings Calculator
with Pot Size & Drawdown

Find out how much you need to retire, whether your current savings are on track, how your pot grows over time, and how long it will last in retirement.

Country
Currency
🎯
Calculate Your Retirement
Your Profile
👤
Your age today
🏖️
The age you plan to stop working
⏳
How long your retirement pot needs to last
Current Savings
€
Total pension and investment savings you have today
€
How much you save toward retirement each month
Growth & Income Assumptions
%
Expected average annual investment return before retirement. A diversified portfolio has historically returned 5–8% over long periods.
%
Used to calculate the real value of your pot and required income
€
How much you want to spend each month in retirement (today's money)
Projected Pot at Retirement
—
at retirement age
Pot Needed
—
to fund desired income
Shortfall / Surplus
—
projected difference
Years to Retirement
—
saving years remaining
Monthly Needed to Close Gap
—
extra contribution required
Pot Lasts Until
—
at desired withdrawal rate
Savings Growth — Every 5 Years
AgePot ValueTotal ContributedGrowth
✦ Cal, AI Explanation
Cal is analysing your retirement plan...
💬 Ask Cal a follow-up question
Cal
Your retirement projection is ready. Ask me about closing the gap, the impact of retiring earlier or later, what return assumptions are realistic, or how inflation affects your plan.

🎯 Retirement Tips

Starting 10 years earlier can more than double your final pot due to compound growth. Time is the most powerful variable.
A common rule of thumb is to save 10–15% of gross income toward retirement throughout your working life.
The 4% rule suggests you can safely withdraw 4% of your pot annually without running out of money over a 30-year retirement.
Account for state pension income in your country — it reduces how much your private pot needs to provide.

Related Calculators

Compound Interest Calculator→ FIRE Calculator→ Savings Goal Calculator→ Inflation Calculator→ Investment Growth Calculator→

Related Guides

How Pension Contributions Work→ Retirement Planning Basics→ What Is FIRE→

How Retirement Savings Work

Retirement savings grow through two forces: your contributions and investment returns. The longer your money is invested, the more compounding works in your favour. A pot of €50,000 invested at 6% per year for 30 years grows to over €287,000 without any further contributions — purely from compound growth.

The key output of any retirement calculator is whether your projected pot at retirement will be large enough to fund the income you want for as long as you need it. This calculator projects your pot, estimates what you need, and shows the gap or surplus.

The Formulas

Pot at Retirement = Current Savings × (1+r)^n + Monthly × [((1+r)^n − 1) ÷ r]
Pot Needed = Annual Income ÷ Withdrawal Rate (e.g. 4%)
Years Pot Lasts = log(1 − (Pot × r ÷ Annual Withdrawal)) ÷ log(1+r) × −1
r = monthly return rate. n = months to retirement. The 4% rule is a commonly cited withdrawal guideline, not a guarantee.

The 4% Rule

The 4% rule was derived from the Trinity Study and suggests that withdrawing 4% of a diversified investment portfolio per year gives a high probability of the money lasting 30 years. At 4%, the required pot is 25× your desired annual income. This is a planning guideline, not a precise formula — inflation, market returns, and longevity all affect the real outcome.

Retirement Savings by Age — Reference Points

Common benchmarks used by financial planners. These are targets, not rules.

AgeSuggested Pot SizeBasis
301× annual salaryFidelity benchmark
403× annual salaryFidelity benchmark
506× annual salaryFidelity benchmark
608× annual salaryFidelity benchmark
6710× annual salaryFull retirement target

Frequently Asked Questions

How much do I need to retire?+
The standard estimate is 25× your desired annual retirement income, based on the 4% withdrawal rule. If you want €2,500 per month (€30,000 per year), you need approximately €750,000. This does not include state pension income, which reduces the private savings required.
What return rate should I use?+
A diversified global equity portfolio has historically returned 6–8% per year before inflation over long periods. A conservative mixed portfolio of equities and bonds typically returns 4–6%. For retirement projections, 5–6% is a commonly used assumption. Always use a rate you believe is sustainable, not the best historical scenario.
Should I include my state pension?+
Yes. State pensions reduce the amount your private savings need to provide. If your state pension covers €1,200 per month and you want €2,500 per month, your private pot only needs to fund €1,300 per month. Check your projected state pension entitlement with your national pension authority.
What if I have a shortfall?+
A shortfall means your projected pot will not fund your desired income for your full retirement period. Options include increasing monthly contributions, working longer, expecting a lower retirement income, or accepting a higher withdrawal rate. The calculator shows how much extra you would need to contribute monthly to close the gap.
Does this calculator account for tax?+
No. This calculator projects gross figures. In practice, pension income, investment withdrawals, and lump sums may be taxable depending on your country and the type of account used. Use the result as a planning input and verify tax treatment with a qualified financial adviser.