| Current age |
Your current age. |
| Age of retirement |
Age you wish to retire. This calculator assumes that
the year you retire you do not make any contributions to your retirement
savings. So if you retire at age 65, your last contribution happened
when you were actually 64. This calculator also assumes that you
make your entire contribution at the end of each year. |
| Household income |
Your total household income. If you are married this
should include your spouse's income. |
| Current retirement savings |
Total amount that you currently have saved toward
your retirement. Include all sources of retirement savings such
as 401(k)s, IRAs and Annuities. |
| Pre-retirement rate of return |
The annual percent you expect to earn on your investments
before you retire. |
| Post-retirement rate of return |
The annual percent you expect to earn on your investments
after you retire. |
| Percent of income to save |
The percentage of your annual income you will save
for your retirement goals. |
| Expected salary increase |
Annual percent increase you expect in your household
income. |
| Years until retirement |
Number of years before retirement. |
| Years of retirement income |
Total number of years you expect to use your retirement
income. |
| Percent income desired |
The percent of your working year's household income
you think you will need to have in retirement. This amount is based
on your last year's salary. The default is 70%. You can change this
amount to be as low as 50% and as high as 150%. |
| Are you married? |
Check this box if you are married. Married couples
have a higher maximum social security benefit than single wage earners. |
| Include social security? |
Check this box if you wish to include social security
benefits in your retirement planning. |
| Expected rate of inflation: |
What you expect for the average long term inflation
rate. |
