| Retirement Calculator
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How much income will I need ?
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1. In how many years would you like to retire? |
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2. What do you expect the average rate of inflation to be during your lifetime? |
%
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Average annual inflation rate (1926-1999): 3.1% |
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3. If you were to retire today, how much annual income would you need? |
$
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4. How many years will your retirement income need to last? |
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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? |
 |
56 |
58 |
60 |
62 |
64 |
66 |
68 |
70 |
72 |
74 |
76 |
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Expected length
Male |
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26 |
24 |
23 |
21 |
19 |
17 |
16 |
14 |
13 |
12 |
11 |
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of retirement
Female |
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30 |
28 |
26 |
25 |
23 |
21 |
19 |
18 |
16 |
15 |
14 |
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Couple(same age) |
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33 |
32 |
30 |
28 |
26 |
24 |
22 |
21 |
19 |
17 |
16 |
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Where will the income come from? |
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Social Security |
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5. If you retire today, how much Social Security would you receive per year? |
$
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Average Annual Social Security Benefit (as of 2000) |
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Worker |
$9,648 |
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Worker with spouse |
$16,176 |
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6. At what rate do you expect Social Security to increase during your lifetime? |
%
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If you expect it to differ from the expected inflation rate, please enter your estimate. |
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Retirement Accounts |
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Retirement accounts are tax deferred accounts such as 401(k), IRA, pension plans |
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How much do you currently have in your retirement accounts? |
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7. 401(k), 403(b), etc? |
$
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8. IRA (Traditional, Roth, etc)? |
$
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9. Pension Plans? |
$
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10. Tax Deferred Annuities (only if using for retirement)? |
$
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11. What rate, on average, do you expect to earn on these accounts from now until you retire? |
%
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12. How much do you contribute to your retirement accounts on a monthly basis? |
$
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Personal Savings |
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Only consider personal savings that are set aside for retirement purposes only. |
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13. What is the value of your personal savings? |
$
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14. What do you expect to earn on your personal savings from now until you retire? |
%
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15. What will your average tax rate be until you retire? |
%
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16. How much do you expect to earn on your money when you are retired? |
%
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