Retirement Planner Calculator

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Can I afford to retire?

With today's focus on health and fitness, people are living longer, healthier lives. Combined with the trend toward earlier retirement, a longer life span means you could spend 20 years or more in retirement. Are you saving enough to afford and fund a long retirement without sacrificing your current lifestyle? This calculator will help you determine if you're saving enough to meet your projected retirement expenses.

After you've entered your information below, click the "Calculate" button to review your retirement results.

Retirement Planner Calculator

What is your date of birth?

/ /

At what age do you plan to retire?

How many years must your retirement savings last?

What is your current income (before taxes)?

What do you expect in annual salary increases?

What is your current retirement plan balance?

What percent of your income will you contribute each year?

Will you make maximum annual catch-up contributions when eligible?

Yes No

Does your employer match a portion of your contributions?

Yes No

What percent of your contribution does your employer match?

What maximum percent of income does your employer match?

What percent of today's income do you use to cover current expenses?

What percent of current expenses do you expect to still have in retirement?

What is your projected inflation rate?¹

What is your expected income tax rate at retirement?

Federal

State

What rate of return do you expect to earn on your 401(k) savings?²

Do you want to include Social Security?

Yes No

¹The historical rate of inflation since 1926 has been approximately 3%, although this rate takes into consideration the serious deflation which occurred during the Great Depression.
²Use an average rate of return that's appropriate for the mix of investments in your portfolio.

The calculation provided is for illustration purposes only and is not intended to represent a guaranteed retirement savings amount. The calculation is not intended to provide either specific advice or a recommendation to any individual. Please consult a professional tax advisor before taking specific action.