Retirement Calculator
Results
Future Value
$1,475,835
In Today's Dollars
$524,487
Estimated Monthly Retirement Income
$4,989
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Plan Your Retirement with Confidence
Our retirement calculator is designed to help you understand how much you need to save for a comfortable retirement. By inputting your current financial situation and future goals, you can get a clear picture of your retirement readiness.
Frequently Asked Questions
Why is the inflation rate important?
Inflation erodes the purchasing power of your money over time. It's crucial to factor in inflation to ensure that your retirement savings will be sufficient to cover your expenses in the future.
How does Social Security fit into my retirement plan?
Social Security can be a significant source of income in retirement. Our calculator allows you to include your estimated Social Security benefits to provide a more comprehensive view of your retirement income.
What is a reasonable expected annual return?
The expected annual return on your investments will depend on your risk tolerance and investment strategy. A diversified portfolio of stocks and bonds has historically returned an average of 7-8% per year, but past performance is not indicative of future results.