This calculator will help you determine whether you have a retirement shortfall.
As you are considering how much to save for retirement, you will need to know whether you are on track to meet your goals, and, if not, what is your savings shortfall. This calculator will help you determine if you're saving enough to meet your projected retirement expenses. If you're not on track, your shortfall in retirement will be also displayed.
After you've entered your information below, click the "Calculate" button to review your retirement results.
Input - Personal Information
What is your current age?
At what age do you plan to retire?
How many years must your retirement savings last?
What is your current income (before taxes)?
What do you expect in annual salary increases?
What is your current retirement plan balance?
What percentage of your salary are you or do you plan on an before-tax basis to defer to your 401(k) plan?
Will you make maximum annual
Does your employer match a portion of your contributions?
What percent of your contribution does your employer match?
What maximum percent of income does your employer match?
What percent of today's income do you use to cover current expenses?
What percent of current expenses do you expect to still have in retirement?
What is your projected inflation rate?
What is your expected income tax rate at retirement?
rate of return
do you expect to earn on your retirement savings?
Do you want to include Social Security?
The historical rate of inflation since 1926 has been approximately 3%, although this rate takes into consideration the serious deflation which occurred during the Great Depression.
Use an average rate of return that's appropriate for the mix of investments in your portfolio.
The calculators provide hypothetical examples and are not intended to represent past or future performance of a specific investment which cannot be predicted or guaranteed, or to provide specific advice to any individual. Rates of return will vary over time. Those investments offering a higher rate of return also involve a higher degree of risk.
Your browser does not support script