Saving & Retirement Calculators

All 7 saving & retirement calculators on MoneyCalcsHub, free, instant, no signup.

Saving goals, retirement accounts and drawdown

These tools divide by what you are trying to find out. If you want to know how much to set aside regularly to reach a target, that is a savings goal question. If you want to know whether a balance will last, that is a drawdown question, and it behaves very differently, because the order in which returns arrive matters once you are withdrawing.

Account-specific calculators exist because contribution limits, tax treatment and withdrawal rules are not interchangeable. A Roth contribution, a traditional 401(k) contribution and a solo 401(k) contribution each have their own limits and their own tax consequences, and the limits are revised by year, so always check the year stated on the tool page.

Start with the savings goal calculator, then the 401(k) contribution calculator or the Roth IRA calculator for account-level limits, and the pension drawdown calculator once you are taking money out.

Common mistakes to avoid

• Setting a target in today's dollars but saving in future dollars, without adjusting for inflation.
• Leaving an employer match unclaimed, which is the closest thing to a guaranteed return available.
• Using a contribution limit from the wrong tax year.
• Overlooking the additional tax that applies to early withdrawals from certain accounts.
• Planning withdrawals with an average return, which hides the damage from a bad early sequence.

Frequently asked questions