Lifetime Earnings Calculator

Calculate lifetime earnings by inputting current age, retirement age, salary, and expected increase.

Result Lifetime Earnings $0 Years Left 0 yearsLeft

Lifetime Earnings Formula

Lifetime earnings = ( Current salary * ( 1 - ( 1 + Expected salary increase / 100 ) ^ Years left ) ) / ( 1 - ( 1 + Expected salary increase / 100 ) )

($50,000 * (1 - (1 + 5% / 100)³⁵)) / (1 - (1 + 5% / 100)) = $4 516 015 Suppose Sarah earns $50,000 per year and expects her salary to increase by 5% annually. If she plans to work for 35 more years, her estimated lifetime earnings would be approximately $4 516 015. This calculation helps estimate how much she will earn over her entire career, assuming steady salary growth.

Years Left Formula

Years left = Retirement age - Current age

30 - 67 = 37.John will be retired in 37 years if he is currently 30 years old.

Meaning

Lifetime Earnings represent the total income an individual accumulates from all sources (salary, investments, etc.) over their working life. This metric helps assess financial health, guide retirement planning, and evaluate career choices. Factors like education, salary growth, and career duration shape this figure, aiding informed financial decisions.