Retirement planning calculator

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This retirement planning calculator is extended from a simple retirement planning calculator
that uses target age, initial capital, income, expenses, and expected investment return.

The tool has been improved by considering income growth, inflation, and different expenses after retirement.

Adding these factors help make your retirement planning more realistic.

May your financial health be as strong as ever.

* Click on a legend to display/hide a line chart.

Age and saving

Now

Retirement

Target

Current saving

Income and expenses (monthly)

Income

Income growth (%)

Expenses

Expenses post retirement

Inflation (%)

Expected annual return (%)

Before retirement

After retirement

The calculation uses the same concept as in our simple retirement planning calculator.
We recommend reviewing the material there first.

Building on top, we add the following factors to improve calculation accuracy; income growth, inflation, and post retirement expenses.

1. Income grows annually according to the income growth rate. The income then becomes zero at the retirement age.
2. Expenses grow annually according to the expected inflation rate. The base expenses (before inflation adjusted) is adjusted to the post retirement value at the retirement age.
3. Post retirement expenses continue to grow with the inflation rate.