Retirement/Investments Calculator
Retirement/Investments Calculator
(Compound interest)
Retirement Calculator
Projected Balance: --
How to Use the Retirement/Investments Calculator
- Purpose of the tool
- Helps you plan for long‑term financial wellness by showing how your savings can grow over time.
- Encourages consistent contributions and realistic expectations about retirement readiness.
- Provides clarity on how investment growth, compounding, and contributions impact your future balance.
- Information you need to enter
- Starting Balance (the principal amount you already have saved).
- Annual Contribution (the amount you plan to save each year).
- Number of Years (how long you want your savings to grow).
- Annual Interest Rate (prefilled at 7%, but editable to reflect your expected return).
- Compounding Frequency (prefilled at 1 for yearly, but editable for quarterly or monthly compounding).
- Contribution Timing (select whether contributions are added at the start or end of each period).
- How to use the tool
- Enter all required values into the calculator fields.
- Click Calculate to generate your results.
- Use Reset to clear all inputs and start fresh.
- What the calculator will show you
- Your projected balance at the end of the chosen time period.
- A growth chart showing how your savings increase year by year.
- The impact of compounding frequency and contribution timing on your total balance.
- A breakdown of how much comes from your contributions versus investment growth.
Balance Fire - Financial Independence (FI) Number Calculator
How to use the Balanced FIRE – Financial independence calculator
- Purpose of the tool: Helps you explore early retirement as part of your wellness plan by showing the savings level and timeline needed for financial independence, so you can make confident, stress‑reducing decisions aligned with your life goals.
- Information you need to enter (required):
- Annual expenses: Your expected yearly spending in retirement.
- Withdrawal percentage: The sustainable draw rate (e.g., 4%) used to convert expenses into a target portfolio size.
- Annual income in retirement: Any expected income (e.g., pensions, Social Security, rental income) that reduces the portfolio needed.
- How to use the tool:
- Enter inputs: Fill in annual expenses, withdrawal percentage, and expected retirement income.
- Calculate: Generate your FI target and see if your plan supports retiring early.
- Reset: Clear inputs to try different scenarios.
- Projection inputs (optional):
- Current investable savings: Your starting portfolio balance.
- Monthly contributions: How much you plan to add each month before retirement.
- Assumed annual rate: The annual growth rate used to project how fast you’ll reach your FI target.
Inputs
Include travel, hobbies, and experiences you intend to keep.
Common range: 3%–4.5%, adjust for risk tolerance and flexibility.
Optional: reduces the portfolio size you need.
Projection (optional)
Balanced assumption for long-term planning; adjust as needed.
Results
Your FI number
$0
Enter inputs and click “Calculate”.
Estimated time to FI
—
Projection updates when optional fields are provided.
Results
A concise snapshot of your path to financial independence and how it supports wellness planning:
- FI number: The portfolio size required for your annual expenses at your chosen withdrawal percentage, adjusted for any retirement income.
- Estimated time to FI: The projected years until your portfolio reaches the FI number, based on current savings, monthly contributions, and the assumed annual rate.
- Plan alignment: Whether your current savings rate and spending support early retirement, plus how changes in contributions or expenses affect your timeline.