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!
