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Retirement Savings Calculator Find out if your monthly savings will meet your retirement income needs. Our exclusive Retirement Savings Calculator will help you estimate the future value of your retirement savings and determine how much more you need to save each month to reach your retirement goal. Actual results will depend on how much you contribute to your retirement accounts, the rate-of-return on your investments, and how long you live. (The calculator does not take taxes on your retirement income into account so your actual spendable income will be less.) Step 1. How Much Income Will You Need In Retirement?   (spouse) Current annual gross income: $ $ Estimated inflation rate in retirement:   2% 3% 4% 6% 8% 10% Years until you begin retirement:   1 2 3 4 5 6 7 8 9 10 15 20 25 30 (Assumes both spouses retire at the same time) Percentage of current income to be to replaced upon retirement:   50% 55% 60% 65% 70% 75% 80% 85% 90% 95% 100% 105% 110% 115% 120% (80% is a good ballpark estimate - more if you expect to pay for your own health insurance in retirement) Step 2. How Much Retirement Income Will You Receive from Social Security and Pensions?   (spouse) Monthly Social Security income: $ $ (Consult the annual statement you get from the Social security Administration or calculate your benefit at www.ssa.gov in today's dollars) Monthly company pension income: $ $ (Ask your benefits dept. for an estimate in today's dollars)  (spouse) Does the company pension include annual cost of living adjustment (COLA)? Yes  No Yes  No (If a COLA is indicated the average inflation rate, as entered above, will be applied) Step 3. How Much Retirement Savings Have You Already Accumulated to Date?   (spouse) Current value of 401(k)s, IRAs and other retirement accounts: $ $ Estimated average return on investments between now and beginning retirement: 6% (conservative)8% (moderate)10% (aggressive) (The total value of your current retirement savings is used in calculating the amount available at the beginning of retirement and in calculating the amount available, adjustments will be made based on the selected average return and the previously selected average inflation rate. It is assumed that the growth of the retirement savings will at minimum keep pace with the inflation rate.) Step 4. How Much Will You Draw From Home Equity? (If you plan to sell your home in retirement and move elsewhere, answer the following questions. If not, skip to Step 5) Estimated cash available from your home sale to be used for retirement: $ Step 5. How Big of a Nest-Egg Do You Need? Estimated total amount of additional assets expected at retirement: $ (Include any other significant assets you expect to have at retirement such as an inheritance or the sale of a business.) Estimated years you expect to live in retirement:   5 10 15 20 25 30 35