Plan Your Retirement!

Are you saving enough for retirement? Find out how much money you need to retire, when can you retire, and create a withdrawal schedule. Find out how long will your money last.

1. Your current age:

#

2. Amount of current retirement savings:

$

3. Monthly contributions until retirement:

$

4. Expected annual rate of earnings until retirement:

%

5. Age you plan to retire at:

#

6. Amount you plan to withdraw each year during retirement:

$

7. Expected annual rate of earnings during retirement:

%

8. Expected annual inflation during retirement:

%

Tip:

1. Enter your current age in box 1.

2. Enter the total of your current retirement savings in box 2.

3. In box 3, enter the amount of monthly contributions you are contributing to your retirement account. This is the amount you would be contributing until retirement.

4. This is the annual earnings rate you expect on your retirement investments until retirement.

5. Enter the age at which you plan to retire.

6. In box 6, enter the amount you plan to withdraw in a year during retirement. This is the money you need to meet your living expenses. This amount will be adjusted for inflation each year.

7. In box 7, enter the annual rate of earnings you expect to receive on your retirement account after retirement. Once you retire, you might change your asset mix to a more conservative asset allocation. Therefore, this rate may be different from the rate you entered in box 4.

8. In box 8, enter the annual rate of inflation you expect after retirement. Your retirement withdrawals will be adjusted for inflation for calculation purposes.

Note: This calculator assumes fixed rates of growth and inflation during the accumulation and withdrawal phases, which will unlikely be the case. In real life, growth rates and inflation rates flutuate from period to period, and therefore, the actual results could be considerably different.