Estimates how much annual income you'll need to replace at retirement, and how inflation grows that number by the time you retire and through your retirement years.
Your age today.
Your total annual income before taxes.
The average yearly inflation rate used to grow today's dollars into future dollars.
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
The age at which you plan to stop working.
The age through which you want your retirement income to last.
The share of your current income you expect to need each year in retirement.