Empower Financial Calculators
Find a financial calculator for your next money move
Run the numbers for retirement, saving and investing, budgeting and debt, or life’s big financial decisions. Get an estimate in minutes and see where you stand.
Retirement calculators
Retirement planning involves more than one number. Estimate how savings, withdrawals, income, and other factors work together across different retirement scenarios. Explore possible outcomes using your account balances, timelines, and other details.
401(k) early withdrawal calculator
Estimate a net withdrawal amount after potential taxes and penalties. See how cashing out a 401(k) early may impact the potential growth of your retirement savings.
RMD calculator
Estimate the potential required minimum distributions (RMDs) you may need to take from eligible retirement accounts each year starting at age 73.
Pension calculator
Estimate your potential annual and monthly pension benefit in retirement based on your plan type, age of retirement, and years of employment.
Saving and investing calculators
See how your money could grow over time. Explore how contributions, potential returns, and timelines may affect progress toward your savings and investment goals.
Investment calculator
Making an investing decision? See how an initial investment and recurring contributions could grow over time and explore the factors that impact potential investment returns.
Emergency fund calculator
An unexpected expense or the loss of a job can strain your finances. Learn what your emergency fund should look like based on your current expenses and savings goals.
College savings calculator
College can be expensive. Whether you’re saving with a 529 Plan, custodial account, or another type of account, explore how much you’ll need for you or your child’s education.
Budgeting and debt calculators
Get clarity on where your paycheck goes. Compare monthly income and expenses, estimate payments, and explore possible repayment timelines.
Monthly budget calculator
Visualize how much of your budget you can allocate to essential and non-essential expenses. Identify leftover funds you may have to put toward saving, investing, or spending.
Debt payoff calculator
Paying off debt can be stressful when you don’t have a plan. Explore how different debt payoff strategies can minimize the time you’ll spend paying off loans or reduce the total interest you'll pay.
Life planning calculators
Plan for major milestones and unexpected costs. Estimate future expenses, savings targets, and coverage needs to better understand what achieving your goals could require.
College savings calculator
College can be expensive. Whether you’re saving with a 529 Plan, custodial account, or another type of account, explore how much you’ll need for you or your child’s education.
Life insurance calculator
Explore whether your current life insurance coverage is sufficient to provide for your family’s or other beneficiaries’ expenses in the future.
From a quick estimate to your full financial picture
The Empower Personal Dashboard brings accounts, spending, and investments together in one place.
How Empower financial calculators work
Whether prioritizing saving, investing, or retirement, an online financial calculator can help clarify your current finances and your next money move.
Enter a few details
Each financial calculator asks for information related to its estimate, such as a balance, interest rate, timeline, and income, or monthly expenses.
Review the assumptions
Check which rates, time periods, or other assumptions the calculator includes. Different assumptions can produce significantly different estimates.
Explore possible outcomes
Adjust one input at a time to compare scenarios. Results are estimates based on the information entered and are not promises or personalized financial, investment, or legal advice.
Frequently asked questions
Frequently asked questions
A financial calculator is a specialized tool that uses the details you enter to estimate a possible financial outcome. Depending on the calculator, you may be able to explore savings goals or investment growth, retirement income or withdrawals, monthly expenses, or debt payoff timelines.
Results are estimates rather than predictions, so it is important to review the inputs and assumptions behind each calculation.
The Empower financial calculators found on this page are free to use. There are no signups required, and you can adjust the information you enter and compare multiple scenarios without making a financial commitment.
You should use the calculator that best matches the financial goal you would like to explore.
An investment calculator may be most useful for modeling potential growth, while a 401(k), RMD, or pension calculator can help with retirement estimates. Life planning calculators may be the best fit for exploring goals related to specific life events, including building a college. Or, to calculate your monthly expenses, try using a monthly budget calculator.
For a more complete view of your finances, consider using a comprehensive financial planning tool like the Empower Personal DashboardTM.
The results of each calculator depend on the information you provide and the assumptions used in the calculation. Estimates may change significantly when you adjust an amount, rate, expected return, or time horizon.
Actual outcomes may also be affected by factors the calculator does not include, such as market changes, taxes, fees, or plan rules. Review each calculator's assumptions and use the results as a starting point for further financial planning or talking with a financial professional.
Each calculator operates on different assumptions. Some may allow you to enter an assumed return, interest rate, or additional variables. Others may use default assumptions or may not include taxes, fees, or changes in market value.
Review the methodology and assumptions provided when using an Empower financial calculator.
The results generated by each calculator are quick estimates that can provide a starting point for exploring your financial goals and next steps. Consider adjusting one variable at a time to compare different scenarios and see how estimates change.
For a more complete view of your finances, consider using a comprehensive financial planning tool. In addition to providing estimates, these tools can bring together your investments, cash, credit, and other accounts.