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Do you know what it will take to create a more secure retirement?
Use this calculator to help you create your retirement plan.
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Definitions
- Current age: Your current age.
- Age of retirement: Age you desire to retire.
- Household income: Your total household income. If you are married, this should include your spouses income.
- Current retirement savings: Total amount that you currently have saved toward your retirement. Include all sources of retirement savings such as 401(k)s, IRAs and Annuities.
- Pre-retirement rate of return: The annual percent you expect to earn on your investments before you retire.
- Post-retirement rate of return: The annual percent you expect to earn on your investments after you retire.
- Percent of income to save: The percentage of your annual income you will save for your retirement goals.
- Expected salary increase: Annual percent increase you expect in your household income.
- Years until retirement: Number of years before retirement.
- Years of retirement income: Total number of years you expect to use your retirement income.
- Percentage income desired: The percent of current household income needed for retirement income.
- Are you married?: Check this box if you are married. Married couples have a higher maximum social security benefit than single wage earners.
- Include social security?: Check this box if you wish to include social security benefits in your retirement planning.
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Higher volatility has been historically associated with higher rates of return.
Average returns have had a tendency to fluctuate from year to year. |
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