Use
this calculator to determine how much monthly
income your retirement savings may provide
you in your retirement. Your annual savings,
expected rate of return and your current
age all have an impact on your retirement's
monthly income. View the full report to
see a year by year break down of your retirement
savings. |
|
Definitions |
- Current age
- Your current age.
- Age of retirement
- Age
you
wish
to
retire.
This
calculator
assumes
that
the
year
you
retire,
you
do
not
make
any
contributions
to
your
retirement
savings.
So
if
you
retire
at
age
65,
your
last
contribution
happened
when
you
were
actually
age
64.
- Annual contribution
- The
amount
you
will
contribute
to
your
retirement
savings
each
year.
This
calculator
assumes
that
you
make
your
contribution
at
the
beginning
of
each
year.
- Pre-retirement rate of return
- This
is
the
annual
rate
of
return
you
expect
from
your
investments
before
taxes.
The
actual
rate
of
return
is
largely
dependant
on
the
type
of
investments
you
select.
For
example,
from
January
1970
to
February
2003,
the
average
compounded
rate
of
return
for
the
S&P
500,
including
reinvestment
of
dividends,
was
approximately
11%.
Savings
accounts
at
a
bank
pay
as
little
as
1%
or
less.� It
is
important
to
remember
that
future
rates
of
return
can't
be�predicted�with
certainty
and
that
investments
that
pay
higher
rates
of
return
are
subject
to
higher
risk
and
volatility.� The
actual
rate
of
return
on
investments
can
vary
widely
over
time,
especially
for
long-term
investments.� This
includes
the
potential�loss
of
principal
on
your
investment.
- Post-retirement rate of return
- This
is
the
annual
rate
of
return
you
expect
from
your
investments
during
retirement.
It
is
often
lower
than
the
return
earned
before
retirement
due
to
more
conservative
investment
choices
to
help
insure
a
steady
flow
of
income.
For
example,
from
January
1970
to
February
2003,
the
average
compounded
rate
of
return
for
the
S&P
500,
including
reinvestment
of
dividends,
was
approximately
11%.
Savings
accounts
at
a
bank
pay
as
little
as
1%
or
less.� It
is
important
to
remember
that
future
rates
of
return
can't
be�predicted�with
certainty
and
that
investments
that
pay
higher
rates
of
return
are
subject
to
higher
risk
and
volatility.� The
actual
rate
of
return
on
investments
can
vary
widely
over
time,
especially
for
long-term
investments.� This
includes
the
potential�loss
of
principal
on
your
investment.
- Current tax rate
- Your
current
marginal
tax
rate
you
expect
to
pay
on
your
taxable
investments.
- Retirement tax rate
- The
marginal
tax
rate
you
expect
to
pay
on
your
investments
at
retirement.
- Is this savings tax deferred?
- Check
this
box
if
your
retirement
savings
is
being
deposited
into
a
tax
deferred
account.
This
includes
an
IRA,
401(k),
Variable
Annuity
or
other
tax
deferred
investment.
- Increase annual contribution?
- Check
this
box
if
wish
to
have
your
annual
contribution
increased
each
year
to
keep
up
with
inflation.
|
| Information and interactive
calculators are made available to you as
self-help tools for your independent use
and are not intended to provide investment
advice. We can not and do not guarantee their
applicability or accuracy in regards to your
individual circumstances. All examples are
hypothetical and are for illustrative purposes.
We encourage you to seek personalized advice
from qualified professionals regarding all
personal finance issues. |