Start freeRetirement savings

Retirement savings calculator

Will you reach retirement with the cushion you want? Enter your age, what you already have and what you contribute each month, and project your capital at retirement with the return you estimate. Indicative, free and no sign-up.

Retirement

Project your capital at retirement

We apply monthly compound interest to what you already have and to your contributions. The indicative income spreads the capital over 25 years, without counting later returns or inflation: use it as a compass, not as a promise.

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Forty years of contributions start with this month's

The projection you've just seen depends on one thing: contributing consistently. mPF helps you find that money each month in your accounts and check that it keeps going out.

Start my retirement planTry the compound interest calculator

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01

Why age matters more than the amount

In retirement saving, compound interest makes time worth more than the amount: €100 a month from 30 usually builds up more than €200 a month from 45, at the same return. That's why the best contribution is the one that starts today, however small. Play with the calculator changing only your starting age and you'll see the effect.

  • Starting earlier beats contributing later
  • Compound interest works for whoever gives it years
  • A small, steady contribution already changes the curve
02

What return to enter (without kidding yourself)

The return depends on where you save: an interest-bearing account earns less than a diversified portfolio of index funds, and nothing guarantees future returns. As a conservative benchmark for a long-term projection, between 3% and 5% a year is common; if you put 8%, do it knowing you're being optimistic. The projection doesn't discount inflation: think of the result as today's euros with tomorrow's reduced purchasing power.

  • 3-5% a year: the usual range for projecting prudently
  • Past returns don't guarantee future ones
  • Inflation isn't discounted: be conservative
03

The state pension counts, but it isn't everything

In Spain the state pension will still be the base of retirement for most people, but the ratio of contributors to pensioners is tightening and it's wise not to depend on it alone. The capital you work out here is your top-up: what turns your retirement from just-about into comfortable. Choosing the vehicle (pension plans, index funds, savings insurance…) deserves its own analysis and, if in doubt, professional advice.

  • Think of your saving as a top-up to the pension, not a substitute
  • The vehicle matters: tax and fees change the outcome
  • For the big doubts, seek accredited advice
04

From the projection to the monthly plan

The final number is impressive, but what you can control is this month's contribution. mPF connects your accounts, works out how much you can realistically put aside and tracks your long-term goal alongside the rest of your finances.

  • Your real savings capacity, worked out from your data
  • A retirement goal with monthly tracking
  • All your money (accounts, debts, savings) on one screen

Frequently asked questions

How much should I save each month for retirement?

It depends on your age, what you already have and the cushion you want. A practical way to decide: first set the monthly top-up income you'd like, use the calculator in reverse (try contributions until you get close to that capital) and check the result against your real savings capacity. As a generic benchmark, putting between 5% and 10% of your income to the long term is a good starting point.

What does 'indicative income' mean?

It's the projected capital spread over 25 years (300 months), without counting later returns or inflation. It's a deliberate simplification so the big number translates into something tangible; fine planning would use assumptions about returns during retirement and life expectancy, and that's already the territory of a personalised plan.

Pension plan or index funds?

They have different tax treatment and liquidity rules: a pension plan defers tax today but is taxed as employment income on withdrawal and has contribution limits; funds allow more flexibility and are taxed as savings. The right answer depends on your marginal rate, your horizon and your discipline. The calculator works the same for both: what changes is the net return you estimate.

What if I start late?

Starting late isn't a reason not to start: it's a reason to contribute more and be more realistic about the return. Over 15 years compound interest still helps visibly, and every year that passes without starting is the most expensive of all. Work out your real scenario and adjust from there.

Would you rather start gently?

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