Millennia Trades

Retirement Calculator

Plan for your future with our retirement calculator. Estimate how much you need to save monthly to reach your retirement goals based on your current age, retirement age, and desired income.

Your current age in years.

Your expected retirement age.

Your current retirement savings.

How much you save each month.

7%

Expected annual investment return.

Your desired monthly income in retirement.

2.5%

Estimated annual inflation rate.

Tips for Retirement Planning

  • Start saving early to benefit from compound interest
  • Contribute to tax-advantaged retirement accounts like 401(k)s and IRAs
  • Diversify your investments to manage risk
  • Regularly review and adjust your retirement plan
  • Consider meeting with a financial advisor for personalized advice

Understanding Your Retirement Needs

Planning for retirement is one of the most important financial decisions you'll make. Our calculator helps you understand how much you need to save each month to achieve your retirement goals.

The calculator takes into account your current age, retirement age, current savings, expected return on investments, and desired retirement income. It uses these inputs to calculate how much you need to save monthly to reach your goal.

Remember that this is just an estimate. For a more personalized retirement plan, consider speaking with one of our financial advisors who can help you create a comprehensive retirement strategy.