How Much Will I Need To Save For Retirement?

Retirement can be the saddest or happiest day of your life. This pre-retirement calculator will help you determine how well you have prepared and what you can do to improve your retirement outlook. It is important that you re-evaluate your preparedness on an ongoing basis. Changes in economic climate, inflation, achievable returns, and in your personal situation will impact your plan.
     
  Retirement information & assumptions

Input
  Your current age
  Current annual income
  Spouse's annual income (if applicable)
  Current retirement savings
Expected inflation: (%)
  Desired retirement age
  Number of years of retirement income
  Income replacement at retirement: (%)
Pre-retirement investment return: (%)
Post-retirement investment return: (%)
Include social security benefits? No   Yes
Marital status Single   Married
     
 

Any rate of return entered into the calculator to project future values should be a reasonable average return for the period. Rates of return will vary over time, and generally the higher the rate of return the higher the degree of risk.

The information provided here is to assist you in planning for your future. The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Any analysis is a result of the information you have provided. Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please not that individual situations can vary. Therefore, the information should be relied upon when coordianted with individual advice from qualified professionals.