Estimate the future value of your retirement savings (like a 401(k) or IRA) based on your current balance, contributions, and expected annual return.
What is a realistic annual return rate?
Historically, the average annual return for the S&P 500 has been around 10% before inflation. A more conservative estimate, accounting for inflation and fees, might be between 5% and 7%. Past performance is not an indicator of future results.
Does this calculator include taxes?
No, this is a simple growth calculator and does not account for taxes on withdrawals (like a traditional 401(k) or IRA) or capital gains. For tax-advantaged accounts like a Roth IRA, the final amount would be tax-free.