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 or do you plan on an before-tax basis to defer to your 401(k) 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
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9%
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18%
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23%
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25%
Calculate
1
Use an average rate of return that's appropriate for the mix of investments in your portfolio.
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