## What is Retirement Calculator?

Plan your financial future with ease, whether you're in government or the private sector. Our Retirement Calculator simplifies monthly savings and returns, ensuring a secure financial path for you.

To calculate your future retirement savings, use the formula

**FV = P × ((1 + r)^nt - 1) / (r × (1 + r)^nt)**

**FV** is the future value of your savings,

**P** is your monthly contribution,

**r** is the monthly interest rate (annual rate divided by 12 and converted to a decimal),

**n** is the number of times interest is compounded per year (12 for monthly contributions), and

**t** is the number of years.

### How to use Retirement Calculator?

At the top of the page, you'll find four input fields.

First, input the amount you currently have.

Second, enter your Monthly Average Contribution.

Third, provide the Annual Expected Returns as a percentage. Lastly, specify the number of years you plan to invest.

Click the calculate button, and within seconds, you'll receive the total return amount, along with a detailed breakdown for each year. Our main goal is to deliver the best and most detailed results quickly.