Calculate your savings plan and retirement savings!
With the savings and retirement calculator, you can calculate how much you need to save to finance a specific retirement. If you save a certain amount, how much will your retirement income be after a specific period with interest and compound interest? How long and how much do you need to save to finance your retirement at a specific interest rate?
Calculate retirement savings
The savings-pension calculator is a tool for creating a retirement plan. It calculates the interest earned on regular deposits (accumulation phase) and the receipt of a regular pension until the accumulated capital is exhausted (pension phase).
The Savings - Retirement Calculator is used to create a savings plan for retirement and to calculate the pension (payout).
It distinguishes between the savings phase and the payout phase (pension phase). In the savings phase, certain periodic payments accrue interest over a period of time. Depending on the input, the calculator can determine the final accumulated value with interest, the savings amount, the interest rate, or the number of payments. (see 'The Savings Phase' for more details)
In the payout phase, periodic payouts are calculated up to a specific final amount, taking interest into account. The final amount can, of course, also be zero. Depending on the input, the calculator can determine the payout amount (pension), the interest rate, or the number of payouts. (see 'The Payout Phase' for more details)
The Savings Phase (Capital Investment):
Calculating the Capital Investment (Gross Capital):Enter the deposit amount, the interest rate, the number of deposits, and optionally the initial capital. Click 'calculate'. The amount saved (gross capital) will be calculated.
Calculating the Deposit:Enter the capital to be saved at the end of the period (gross capital), the interest rate, the number of deposits, and optionally the initial capital. Click 'calculate'. The amount that must be deposited to reach the gross capital will be calculated.
Calculating the Interest Rate: Enter the capital to be accumulated at the end of the period (gross capital), the deposit amount, the number of deposits, and optionally the initial capital. Click 'calculate'. The calculator will show the interest rate required to reach the gross capital.
Calculating the Number of Deposits: Enter the capital to be accumulated at the end of the period (gross capital), the deposit amount, the interest rate, and optionally the initial capital. Click 'calculate'. The calculator will show the number of deposits required to reach the gross capital.
Payment Method: Select the payment method depending on whether the deposits are payable monthly, quarterly, semi-annually, or annually. Please note that the interest rate always refers to an annual rate, regardless of the payment method chosen.
The payout phase (pension):
Annuity Calculation: Enter the initial capital, the interest rate, the number of payments (annuity), and optionally the capital that should remain at the end of the period (remaining capital). Click 'calculate'. The calculation will show the amount that can be paid out periodically, taking interest into account (payment amount or annuity), the accrued interest, and the total amount paid out.
Interest Rate Calculation: Enter the initial capital, the payment amount (annuity), the number of payments (annuity), and optionally the capital that should remain at the end of the period (remaining capital). Click 'calculate'. The calculation will show the interest rate required to pay out the payment amount (annuity), taking interest into account, the accrued interest, and the total amount paid out.
Calculating the Number of Payouts: Enter the initial capital, the payout amount, the interest rate, and optionally, the capital that should remain at the end of the period (remaining capital). Click 'calculate'. The calculator will then determine the number of payouts (pension payments) that can be made to cover the total payout amount (pension payments), including accrued interest, the accrued interest, and the total payout amount.
Payment Method: Depending on whether the pension contributions are payable monthly, quarterly, semi-annually, or annually, select the payment method. Please note that the interest rate always refers to an annual figure, regardless of the payment method selected.
