Self-Employed Retirement Calculator
Find out how much you need in your pot to retire, and how much to save each month to get there. Built for freelancers with no employer pension. 100% in your browser.
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Retirement Plan
All calculations are processed locally in your browser. No data is uploaded, stored, or shared with any server. 100% private and secure.
Your Details
Used to work out years to retirement.
The age you plan to stop working.
What you have set aside today.
How much income you want per month when retired.
Typical range for planning is 4–7% before fees.
What you already set aside each month.
Your Results
Years to retirement
30 yrs
Required retirement savings
Pot needed to sustain your target income.
$600000.00
Projected savings at retirement
What your current plan is on track to build.
$200903.01
Monthly savings needed
Including your existing balance.
$597.30
Savings gap
$399096.99
This calculator provides estimation only. All results are for reference purposes only and do not constitute professional tax, financial, or legal advice. Please consult a qualified professional for official financial decisions.
Retire with Confidence — When No Employer Is Paying In
The Freelancer's Savings Problem
Freelancers and contractors do not get an employer pension or a matching contribution, so the entire burden of retirement saving sits on them. It is easy to put it off, yet the earlier you start, the more compounding works in your favour. This calculator makes the target concrete: the pot you need and the monthly saving it takes to build it.
Turn a Monthly Goal Into a Savings Pot
Rather than guessing a round number, start with the income you want each month in retirement. This tool estimates the capital required to sustain it using your assumed annual return, then applies compound interest over your working years to show how much you need to save each month. Your existing balance and current contributions are included automatically.
The Power of Compounding and Time
A modest monthly saving grows dramatically over decades because every year's return is added to the pot and earns more. Even small increases in your assumed return or your saving length can materially lower what you need to set aside, which is why starting planning now matters so much.
How to Use This Calculator
Enter your age, planned retirement age, current savings, target monthly income and an assumed annual return. Add your current monthly savings to see your projected pot and remaining gap. The monthly savings needed updates live. Treat results as planning figures in today's money and add an inflation buffer, and review your withdrawal plan with a professional.
Frequently Asked Questions
Answers to common questions about using this calculator.