Retirement Income Calculator

Use this calculator to estimate the monthly retirement income provided by your savings.

This retirement income calculator will determine how much income your retirement accounts (traditional and Roth) and your investments may provide during retirement. The annual savings, expected rate of return and current age all have an impact on the monthly retirement income. Fill in the fields bellow to see the report with an estimation of your total savings at retirement and your monthly income after retirement.

Importance of Retirement Planning

Less than 50% of worker will not have enough savings to maintain their desired standard of living after retirement.

Only 17% of employers provide pension plans, compared to 62% in 1983 and less than half of working investors know how much they should save for retirement. That forces employees to acquire a whole new set of skills. They must become their own financial planners, stock pickers, and economic forecasters.

Creating a realistic estimate of where you stand today can help you get where you want to be tomorrow.

Important information:

This calculator is for illustrative purposes only and does not reflect the performance of any specific investment. It does not take into effect the deduction of any fees. The tax rate provided by you on our website may not reflect real taxes charged in the future. It is important to remember that these scenarios are hypothetical and that future rates of return can’t be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility.

Inflation:

A common measure of inflation in the U.S. is the Consumer Price Index (CPI). From 1925 through 2016 the CPI has a long-term average of 2.9% annually. This is the the value we used to convert your retirement income to today’s dollars.