Retirement Calculator

 
Smart 401(k) Investing:
Use FINRA's 401(k) learning center.
 

Use this calculator to plan your investing strategy now so that you will have enough to see you through your retirement years. It would be a good idea to revisit this site and update your calculations every three to five years since the assumptions you make below are likely to change every few years.

Current Savings Balance? $ Annual Retirement Income? $
Annual Yield? % Other Income? $
Inflation Rate? % Current Age?
Current Tax Rate? % Retirement Age?
Retirement Tax Rate? % Withdraw Until Age?
Inflate Contributions?
Are Annual Contributions Tax Sheltered?
Reset


Please view important legal information regarding the use of these calculators.


Instructions:
  1. Current Savings Balance?
    How much do you currently have set aside for your retirement?


  2. Annual Retirement Income?
    How much money will you need to live once you have retired (after taxes)? This is the amount you’ll need to cover all living expenses for an entire year. You should enter no less than 70% of your current income, if you intend to maintain your current standard of living. Enter this amount in today's dollars.


  3. Annual Yield?
    What is your expected rate of return? For stocks or mutual funds you should consult a prospectus. Please be aware that past performance is no guarantee of future performance.


  4. Other Income?
    Do you expect other sources of income to be available for retirement? This could include Social Security, employer funded pension plans, or other external sources of income.


  5. Inflation Rate?
    What is the average expected annual inflation rate over the entire period encompassing your remaining working years as well as your retirement years?


  6. Current Age?
    How old are you today?


  7. Current Tax Rate?
    What is your current federal tax bracket?


  8. Retirement Age?
    At what age will you retire? Remember that the official retirement age for Social Security purposes is gradually rising for individuals born in 1938 or later. If you were born in 1960 or later, you must be 67 to be eligible for full Social Security benefits.


  9. Retirement Tax Rate?
    In what tax bracket do you expect to be once you retire?


  10. Withdraw Until Age?
    How many years will you need your annual retirement income?


  11. Inflate Contributions?
    Would you like to increase your investment amounts to account for inflation over the length of the investment period? Selecting "Yes" will increment the investment each year by the exact amount of inflation. Selecting "No" will make each investment an equal amount.


  12. Are Annual Contributions Tax Sheltered?
    Select "Yes" if your investments are in a tax deferred account such as a 401(k) plan or a retirement IRA. Select "No" if your investments are subject to federal income tax each year.