Free Retirement Calculator
Estimate your monthly pension based on age, contributions and salary. Italian contributive system. 100% in your browser.
How It Works
Enter your current age, retirement age, current savings, monthly contribution, expected annual return, and desired monthly retirement income. The calculator projects your retirement fund growth year by year, shows whether you will meet your goal, and calculates the gap if any. Adjust variables in real-time to find the optimal savings strategy.
When to Use It
- Planning how much to save monthly to reach your retirement income goal by a specific age.
- Evaluating the impact of starting to save earlier versus later on your total retirement fund.
- Stress-testing your retirement plan with different return rate scenarios (conservative, moderate, aggressive).
Frequently Asked Questions
What return rate should I use?
Conservative estimates use 4-5% (bonds and balanced funds). Moderate uses 6-7% (diversified stock/bond portfolio). Aggressive uses 8-10% (equity-heavy portfolio). Always use inflation-adjusted (real) returns for the most realistic projection. Historical stock market averages are around 7% real return.
Does it account for inflation?
Enter a real (inflation-adjusted) return rate rather than nominal for the most accurate projection. For example, if you expect 7% nominal returns and 2.5% inflation, use 4.5%. This way, all amounts shown are in today's purchasing power.
How much do I need to retire?
The "4% rule" suggests you need 25 times your desired annual retirement spending. If you want 3,000/month (36,000/year), you need approximately 900,000 saved. This calculator helps you model whether your current savings rate will get you there.
All calculations happen in your browser. No data is sent to any server.