Are My Current Retirement Savings Sufficient?

One method of retirement planning is to project what you are currently saving and have accumulated to date and see if you will have enough to meet your retirement objectives. Use this calculator to determine when/if the money will run out during retirement and it will recommend additional savings if required.
     
  Retirement Savings And Assumptions

Input
  Your current age
  Current annual income
  Spouse's annual income (if applicable)
  Current retirement savings balance
  Current annual savings amount
  Current annual savings increases: (%)
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.