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Having a financial plan to prepare your for retirement is essential, and
figuring out how much money you'll need to put aside each month to reach your
retirement income goals is a necessary step. This calculator will show you if
you're currently saving enough, and how much extra you need to put aside to
reach your goals.
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Retirement Calculator
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Retirement Needs
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Combined
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Instructions
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Enter age at the end of current year (#):
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Enter the age you plan to retire at (#):
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Enter life expectancy (#):
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Desired annual retirement income ($):
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Every
years of retirement, reduce our income need by (%):
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Desired estate ($):
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Enter the expected average annual rate of inflation (%):
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Retirement Funding
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Combined
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Instructions
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Enter the amount of your current retirement savings ($):
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Enter the amount of your current monthly contributions ($):
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Age to stop contributions ($):
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Enter the Annual Interest Rate you expect to earn (%):
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Enter combined Federal & State Tax Rate during retirement (%):
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Post-Retirement Income (Pension, SS, Wages, etc.)
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Combined
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Instructions
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($):
Annual COL Adjustment %
Starting
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Start & Stop Ages for Retirement Income #1 ($):
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to
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($):
Annual COL Adjustment %
Starting
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Start & Stop Ages for Retirement Income #2 ($):
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to
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($):
Annual COL Adjustment %
Starting
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Start & Stop Ages for Retirement Income #3 ($):
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to
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($):
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Age to Apply One-Time Benefit (#):
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Results
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Instructions
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Savings Needed at Retirement Age:
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Savings at Retirement Based on Present Entries:
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Savings Surplus (negative number indicates a ShortFall):
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Additional Monthly Contribution Needed to Fully Fund Plan:
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Present Monthly Contributions:
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Total Monthly Contribution Needed to Fully Fund Plan:
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