Retirement Calculator
Please enter desired parameters into the calculator, then press
"calculate".
*note: please do not enter decimal points in currency fields |
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Pre-retirement saving |
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Post-retirement withdrawal |
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Retirement shortage |
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NOTES:
- This retirement calculator uses half the investment return rate to approximate
the fact that contributions are applied throughout the year.
- Future (adjusted) values are also added to give an idea of how the future
amounts compare to today's dollars.
- When you save the money, you need to adjust that amount for inflation in future
years. (For example, if you put in $9000 this year and anticipate inflation of
5% per year, you need to save $9,450 next year.)
- Desired retirement income is annual income, in today's dollars, that you want
to have available at retirement from your investments. As a rule of thumb, it
should be at least 75% of your current income. However, this calculator doesn't
take into account social security income (which hopefully will still be around
when you retire) or employer contributions, so if you expect income from those
sources, reduce this figure accordingly.
- Retirement age usually 65
- An estimate for the inflation rate historically about 3%
- An estimate for the investment return historically up to 10% if you invest
longterm in the stock market
- When you run this applet, the balance in your retirement account (in current
dollars) is displayed in the graph and the scrolling table.
Disclaimer:This applet is for demonstration purposes only, as many factors such
as market rates, inflation, etc. are unpredictable. Don't rely on this applet
for your retirement strategy!
