Please enter desired parameters into the calculator,
then press "calculate".
*Note: please do not enter decimal points in currency fields
- Prior Savings- What funds will you contribute
at the inception of your retirement savings?
- Desired Income- How much would you like to
draw from this account each year when you retire?
- Retirement Age- When do you want to retire?
- % Inflation- Is a persistent increase in
the level of consumer prices or a persistent
decline in the purchasing power of money. Historically
it has been 3.0%.
- % Contrib. Growth- The percentage by which
you plan to increase your annual contributions
- Annual Contrib.- How much do you plan to
contribute to your retirement savings each
- Current Age- This is the age at which you
will begin this retirement plan.
- Life Expectancy- How long do you plan to
live in retirement?
- % Investment Return- What do you anticipate
your average yearly return will be?
- % Retire. Return- What do you anticipate
your average yearly return after you retire
Disclaimer:This applet is for demonstration
purposes only, as many factors such as market rates,
inflation, etc. are unpredictable. Don't rely on this
applet for your retirement strategy!
- This retirement calculator uses
half the investment return rate to approximate
the fact that contributions are applied throughout
- Future (adjusted) values are also
added to give an idea of how the future amounts
compare to today's dollars.
- When you save the money, you need
to adjust that amount for inflation in future
years. (For example, if you put in $9000 this
year and anticipate inflation of 5% per year,
you need to save $9,450 next year.)
- Desired retirement income is annual
income, in today's dollars, that you want to
have available at retirement from your investments.
As a rule of thumb, it should be at least 75%
of your current income. However, this calculator
doesn't take into account social security income
(which hopefully will still be around when you
retire) or employer contributions, so if you
expect income from those sources, reduce this
- Retirement age usually 65
- An estimate for the inflation
rate historically about 3%
- An estimate for the investment
return historically up to 10% if you invest longterm
in the stock market
- When you run this applet, the
balance in your retirement account (in current
dollars) is displayed in the graph and the scrolling