This calculator will help you determine how much you should be saving based on your goals and plans for your retirement years. It will also provide an estimated gap between your current savings and what you may need.
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Default calculator values
We made some assumptions and used default values to calculate your results.
See the defaults and make adjustments to refine your results.
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|Current monthly savings||Goal monthly savings|
|Minimum needed to retire|
|What you have saved|
|Age||Salary||Start of Year Balance||Interest||Retirement Contribution||Social Security Income||Post-Retirement Income||Desired Retirement Income||Withdrawals||End of Year Balance|
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The hypothetical results are for illustrative purposes only and do not guarantee future income or guarantee future performance.
The illustration assumes a continuous annual rate of return that you had indicated for pre and post retirement and is not based on any particular investment. A continuous rate of return is not likely to occur and actual results may be more or less favorable.
Investments fluctuate and when redeemed may be worth more or less than originally invested.