Retirement Calculator
How much income will I need ?
1. In how many years would you like to retire?
2. What do you expect the average rate of inflation to be during your lifetime?
%
Average annual inflation rate (1914-2010): 3.4%
3. If you were to retire today, how much annual income would you need?
$
4. How many years will your retirement income need to last?
To estimate the length of your retirement, refer to the table below. There is a 50% chance that your retirement will last longer than the below indicate. If you add 5 years to the number that applies to you, there is a 80% - 85% chance you will not outlive your retirement funds.
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How old will you be when you retire?
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56
|
58
|
60
|
62
|
64
|
66
|
68
|
70
|
72
|
74
|
76
|
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Expected length of retirement
Male
|
26
|
24
|
23
|
21
|
19
|
17
|
16
|
14
|
13
|
12
|
11
|
|
Female
|
30
|
28
|
26
|
25
|
23
|
21
|
19
|
18
|
16
|
15
|
14
|
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Couple(same age)
|
33
|
32
|
30
|
28
|
26
|
24
|
22
|
21
|
19
|
17
|
16
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Where will the income come from?
Social Security
5. If you retire today, how much Social Security would you receive per year?
$
Average Annual Social Security Benefit (as of 2010)
Worker
$14,096
Worker with spouse
$21,052
6. At what rate do you expect Social Security to increase during your lifetime?
%
If you expect it to differ from the expected inflation rate, please enter your estimate.
Retirement Accounts
Retirement accounts are tax deferred accounts such as 401(k), IRA, pension plans
How much do you currently have in your retirement accounts?
7. 401(k), 403(b), etc?
$
8. IRA (Traditional, Roth, etc)?
$
9. Pension Plans?
$
10. Tax Deferred Annuities (only if using for retirement)?
$
11. What rate, on average, do you expect to earn on these accounts from now until you retire?
%
12. How much do you contribute to your retirement accounts on a monthly basis?
$
Personal Savings
Only consider personal savings that are set aside for retirement purposes only.
13. What is the value of your personal savings?
$
14. What do you expect to earn on your personal savings from now until you retire?
%
15. What will your average tax rate be until you retire?
%
16. How much do you expect to earn on your money when you are retired?
%
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