Calculators

Retirement Savings

This tool will help you determine whether you are saving enough to cover your expenses in retirement.

With today's focus on health and fitness, people are living longer, healthier lives. Combined with the trend toward earlier retirement, a longer life span means you could spend 20 years or more in retirement. Are you saving enough to afford and fund a long retirement without sacrificing your current lifestyle? This calculator will help you determine if you're saving enough to meet your projected retirement expenses.

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?
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 deferring or do you plan on deferring to your plan?	%
Will you make maximum annual catch-up contributions when eligible?	Yes No
Does your employer match a portion of your contributions?	Yes No
What percent of your contribution does your employer match?	%
What maximum percent of income does your employer match?	%
What rate of return do you expect to earn on your retirement savings?¹

Calculate

¹Use 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.

As a guide, Equity Markets historically have experienced an approximate 9% rate of return. All results are hypothetical in nature. Investing involves risk including the potential for loss of principal. Past performance is not a guarantee of future results. Your actual investment experience will vary.

Any investment involves risk and there is no assurance that the investment objective of any investment option will be achieved. Before investing, understand that your investments are subject to market risk, including possible loss of principal.