This is the list of 5 free early retirement calculator websites to see when you can retire. These websites ask you to enter details about your age, income, how much you save per year, tax details, return on investment, and many others parameters. And based on the information you provide, they’ll tell you when you can retire. You can also use these websites to calculate when you will become financially independent. All these websites offer a similar approach to calculate the retirement age. Some of these websites generate a graphical report as well that you can analyze.
You have a good job and if you want to plan about your early retirement, then these websites will help you. You can use these websites to see if you can retire retire early. Just enter the target age you want to retire and then specify the corresponding parameters. And in just a few seconds, these websites will give you the result. All these website sare completely free and you don’t have to create an account in order to use them. In some of them, you can even specify the retirement target and they will tell you how much you have to earn and save.
5 Early Retirement Calculator Websites to See When You Can Retire:
Financial Independence Early Retirement Calculator
Financial Independence Early Retirement Calculator is very good online website that you can use. You can use it to calculate how much years you need to retire in an easy way. There are two different modes that you can use to calculate the early retirement. You can either use the “Calculate by Percent” or the “Calculator by Dollars” mode to calculate the years you will become financially independent. In addition to this, it asks you to enter the details about your age, yearly savings, yearly income, saving percent in a month, etc. And after giving all the details, you can see the result. It creates a very detailed report and shows you the savings rate, income percent needed in retirement, and the years until you will become financially independent. You can analyze the report and even email it to inbox as an Excel File.
To use this website, just follow the link to land on the Early Retirement Calculator of the website. After that, choose the mode as per your choice and then fill out the corresponding details. And after entering all the details, simply hit the “Submit” button see the result. It creates a very detailed and intuitive report that you can visualize. You can see the years until you become financially independent and other details as well. At the end of the report, there is an option in it to send it as an Excel file to your email inbox.
Early Retirement Calculator by Omni Calculator
Early Retirement Calculator by Omni Calculator is a simple website that you can try. This websites is actually a collection of a lot of calculators that we use in our daily life. And in the financial calculators section, there is early retirement calculator. You can use it to see when you can retire and live off your passive income. Here you have to enter the details like net income, expenses, initial balance, monthly investment, etc. And after entering these details, it automatically calculates the total contribution, total interest, and the duration in years. However, here you cannot download the report but you can share it via link or send it to email.
Go to the homepage of the early retirement calculator using above link. After that, enter the details that it asks and get the results. Just like the website above, it makes the interactive report with graphs and tables to show you. You just have to enter the details that it asks and see the result in realtime. By changing the various parameters, you can see the different results. And from the end of the report, you can opt to share it via link, email it or share on Facebook, Twitter, etc.
When can I retire? by Networthify
When can I retire? by Networthify is another free online early retirement calculator. It is a simple website and can easily calculate how much years it will take you to retire according to the saving percent you specify. It asks you your age, your annual income, how much your save, and some other information like portfolio value, withdrawal rate, etc. And there is a built-in saving rate predictor in it according to the various countries. You can also use that to calculate the results. It calculates the result in real time and as you specify the details about your income. However, the result that it provides can’t be downloaded or shared. You can just analyze it when you see it.
Use the above link to reach the homepage of this early retirement calculator and then start entering the details according your income. After you have entered all the details, you can hit the “Crunch the numbers” button and it will immediately show you the result. In the result, you can see when you will retire and with what saving rate. You can see other details as well such as percent of expenses covered by ROI, net worth, and change in net worth.
Early Retirement Calculator by Money-Zine
Early Retirement Calculator by Money-Zine is yet another free website in this list that you can try. It is a simple website in look and feel. Just like the websites above, it asks you for some information about your age, your expected age for retirement, your expected life span, etc. And after specifying these details, you can see your results. However, this website works in different way. In spite of telling at how much age you will retire, they tell how much you should save in order to retire at the target age. It asks you at what age you want to get retired and your life expectancy. And based on that, it tells you what should be your annual income, minimum saving, savings needed to maintain assets, etc.
To use this website, use the link above to reach its homepage and enter the details that it asks. After specifying the current age, retirement age, life expectancy, etc., you can click on “Calculate” button. Next, it will immediately tell you about how much you should save in order to achieve the target retirement plans. You can check the results in the second box. And if you want to change any parameters, then you can do that. But, the results that it shows cannot be exported to a file or anywhere.
Ultimate Retirement Calculator
Ultimate Retirement Calculator is the last free early retirement calculator in my list. It is like the website that I have mentioned before it. It asks you about your current age, the age at which you want to retire, life expectancy, desired annual income after retirement, etc. And based on the values you specify, this websites will show you the result. And the result that it produces can be emailed to you in PDF format. It asks for a lot other other additional details to give you a spreadsheet. In the spreadsheet, you can see the retirement plan year wise.
Using this website to calculate early retirement is very simple. Just use the above link to reach its homepage and then you can start specifying the details about the income, your age, target retirement age and many other parameters. After specifying them all, you can click on Calculate & Create Schedule button to see the result. It creates a detailed result that you can analyze and even send that to your email as PDF.
Final thoughts
These are the best free online early retirement calculator websites that I have found. If you want to retire at an early age then you will have to plan things accordingly. And these websites will help you. You can specify the target retirement age and they will tell you how much you should save. Also, some websites uses other approach to calculate that. So, if you are looking for some free early retirement calculator websites, then this list will surely come in handy.
