Retirement Calculator

How to use it

1. {'step': 1, 'description': 'Convert annual rate to monthly', 'calculation': '6% ÷ 12 = 0.5% monthly'}
2. {'step': 2, 'description': 'Calculate total months', 'calculation': '25 years × 12 = 300 months'}
3. {'step': 3, 'description': 'Calculate future value of current savings', 'calculation': '€45,000 × (1.005)^300 = €200,844'}
4. {'step': 4, 'description': 'Calculate future value of contributions', 'calculation': '€500 × [((1.005)^300 - 1) ÷ 0.005] = €346,497'}
5. {'step': 5, 'description': 'Sum both components', 'calculation': '€200,844 + €346,497 = €547,341'}

Common mistakes

• ⚠️ Underestimating lifespan and planning for too short retirement period
• ⚠️ Not increasing contributions as income grows over career
• ⚠️ Being too conservative with investments early in career

Worked example

Calculate saving 300 EUR/month at 6% for 30 years.

Your total_acumulado of {total_acumulado} at retirement includes {aportado} contributed and {yields} in investment returns.

Input guide