|
How much should I save for my retirement?
|
|
Current age
|
|
years
|
|
Age at which you want to retire
|
|
years
|
|
Number of years of retirement
|
|
years
|
|
Total annual expenses during retirement in today’s dollars
|
$
|
|
|
Your expected inflation rate
|
|
|
|
Your expected rate of return
|
|
|
|
Current lump sum savings allocated toward your retirement
|
$
|
|
| |
|
|
|
Results
|
|
Total amount in today’s dollars needed the day you retire
|
$
|
|
|
Value of current savings in today’s dollars the day you retire
|
$
|
|
|
Additional amount you need to save in today’s dollars
|
$
|
|
|
|
Annual Savings required to meet the goal
|
$
|
|
|
|
|
|
|
|
|
|
|