Published on *InvestingAnswers* (http://investinganswers.com)

Use the financial calculator below to see how much you could accumulate by saving or investing part of your income every month.

For example, if you’re able to save $400 per month for retirement 30 years from now, and you think you can achieve a 7% return on your money each year, enter “$400” as the Monthly Savings Amount, “30” as the Number of Years and “7%” as the Annual Rate of Return. If you already have $5,000 saved up, enter “$5,000” as your Current Amount Saved.