Activity Session | Total Time: 3 Minutes
Retirement Calculator
It’s critical to begin saving for retirement as early as possible; that’s because it can take time for your funds to grow. This calculator will allow you to see how much you need to save now in order to enjoy your current standard of living when you retire. Start by entering your annual pre-tax income and the amount you currently have in a savings account or retirement fund. The calculator will automatically preset the Retirement Goal slider to 70% of your current annual income, move the slider if you predict that you’ll need a higher or lower percentage of your current salary each year to live during retirement. Adjust the monthly savings slider to the percentage you’re planning to save each month for retirement. The Rate of Return is the return you expect on your savings. If you’re saving in a typical savings account, that will be the interest rate. If you’re using a retirement fund, many experts estimate the rate of return to be between 4 and 6 percent, though it will fluctuate.
Adjust the Current Age, Retirement Age, and Life Expectancy sliders accordingly. The calculator will display an estimated monthly income, which includes an average monthly distribution from your retirement savings as well as a projected amount from social security. The calculator will also show you the total amount you will save for retirement and how much you will need to save to meet your retirement goal.
Retirement Calculator
See how much you should be saving in order to enjoy the standard of living you want when you retire.
Annual Pre-Tax Income
Current Savings
Retirement Goal
($37,500)
Monthly Savings
Rate of Return
Current Age
Retirement Age
Savings
Age
Estimated Income
$3,085
Actual Retirement Fund
$224,224
Goal Retirement Fund
$465,521
Retirement Savings Summary
Age | Savings
30 | $15,000
31 | $17,654
32 | $20,418
33 | $23,293
34 | $26,286
35 | $29,401
36 | $32,643
37 | $36,017
38 | $39,528
39 | $43,182
40 | $46,985
41 | $50,944
42 | $55,063
43 | $59,350
44 | $63,812
45 | $68,456
46 | $73,289
47 | $78,318
48 | $83,553
49 | $89,001
50 | $94,671
51 | $100,572
52 | $106,713
53 | $113,105
54 | $119,757
55 | $126,680
56 | $133,885
57 | $141,383
58 | $149,188
59 | $157,310
60 | $165,762
61 | $174,560
62 | $183,715
63 | $193,244
64 | $203,161
65 | $213,482
66 | $224,224
67 | $220,534
68 | $216,694
69 | $212,698
70 | $208,539
71 | $204,211
72 | $199,706
73 | $195,018
74 | $190,138
75 | $185,060
76 | $179,775
77 | $174,275
78 | $168,550
79 | $162,592
80 | $156,392
81 | $149,939
82 | $143,223
83 | $136,234
84 | $128,959
85 | $121,389
86 | $113,509
87 | $105,309
88 | $96,775
89 | $87,893
90 | $78,649
91 | $69,029
92 | $59,017
93 | $48,597
94 | $37,752
95 | $26,465
96 | $14,719
97 | $2,494
98 | $-10,228
99 | $-23,470
100 | $-37,251
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