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Enter your current annual salary.
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$
(Example: 75,000)
|
|
Enter an estimated annual inflation rate (as a percentage). We will use this to estimate the value of your salary at retirement. (During the 1990s, the annual inflation rate has ranged between 3 and 4 percent.)
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%
(Example: 4)
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|
Enter the number of years until you retire.
|
(Example: 15)
|
|
Enter the percentage of your current income that you'll need when you retire. Averages show most people need 70% of current income levels when retired, because they have fewer personal expenses like college tuition or mortgage payments, and job-related expenses like commuting or business clothing. You can input whatever percentage you feel is appropriate.
|
%
(Example: 70)
|
|
Select your current marital status. Social Security payments depend on whether you're married or single.
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Married
Single
|
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This option determines whether you would like the calculator to include any social security benefits.
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Yes
No
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|
Enter your expected annual pension income (in today's dollars). If you are unsure of this amount, you may wish to
contact your benefits administrator for specifics.
|
$
(Example: 26,250)
|
|
Enter the amount you now have saved for retirement (such as annuities, mutual funds, IRAs, individual stocks, bonds, etc.).
|
$
(Example: 50,000)
|
|
Enter the after-tax rate of return you expect from now until your retirement. (Maximum value is 12 percent.)
|
%
(Example: 6)
|
|
Enter the rate of return you expect to see on your investments after retirement. (Most people invest more conservatively after retirement, so this rate might be lower than the one above. Maximum value is 12 percent.)
|
%
(Example: 6)
|
