Personalized Exponent’s Free Retirement Planning CalculatorCalculator

Personalized Retirement Calculator

The most well-rounded tool out there for estimating your chances of saving enough to maintain your current standard of living in retirement, this calculator is free and easy to use. It asks you to input your current savings amount, including your 401(k) account and any IRA contributions. Then it helps you estimate how much more you need to save each month and a timeline for reaching your savings goal.

Exponent’s Free Retirement Planning Calculator also helps you run what-if scenarios, like “Stop working 3 years earlier” or “Achieve 1% higher average annual rate of return”, and shows your results in charts with explanations for each. The best part is that you can change a few simple variables and watch your charts update.

One of the most user friendly retirement calculators, this free tool uses a central graphical metaphor that anyone who has ever opened a spreadsheet should understand. It’s not as robust as some of the others, but it is still a powerful model that allows you to do a lot of what-if analysis with a simple interface.

Plan Your Retirement with Confidence: Exponent Investment Management Can Help

A newer retirement calculator, Projection Lab is easy to navigate and lets you build a living model of your life’s finances. It has rich income and expense modeling, Monte Carlo simulations, a Sankey diagram, and a variety of other features that make it stand out from its competitors. Its paid version starts at $109 per year. We earn a commission when you make a purchase through this link, but it comes at no extra cost to you.