Project your retirement savings forward and see whether your current saving rate will fund the retirement income you want.
The age you are starting from in this projection.
Your gross annual income today, used to estimate the income you'll want to replace in retirement.
The total you've already saved across retirement accounts.
How much you're setting aside toward retirement each year right now.
Added to your income when estimating the household's combined replacement income need.
How much you expect your yearly contribution to grow each year.
Expected yearly pension income once you retire, if you have one.
Whether your pension payment is adjusted for inflation each year during retirement.
The age at which you plan to stop working and begin drawing on savings.
The share of pre-retirement income you want your retirement income to replace.
The assumed yearly rise in the cost of living, used to grow your income need over time.
10 Year Historic Inflation Rate. 10-year U.S. inflation average 2.9% 2015 0.1%, 2016 1.3%, 2017 2.1%, 2018 2.4%, 2019 1.8%, 2020 1.2%, 2021 4.7%, 2022 8.0%, 2023 4.1%, 2024 2.9% Source U.S. Department of Labor
How many years your savings need to last once you retire.
The annual growth rate assumed for your savings while you're still working.
Table of Historic Rates of Return. Inflation 2.9%, U.S. Treasury Bills 3.3%, Long-term Government Bonds 5.0%, U.S. Large-Company Stocks 10.4%, and U.S. Small-Company Stocks 11.8%. Past performance is no guarantee of future results. Source: Ibbotson SBBI 1926-2024
The annual growth rate assumed for your remaining savings during retirement.
Whether to factor an estimated Social Security benefit into your retirement income.
Used to estimate Social Security benefits when they're included.
Monthly amount in today's dollars, if you want to specify your own benefit instead of an estimate.
Social Security Override Amount