Retirement Calculator

Our retirement calculator calculates how much you will need when you retire and helps you in planning your Retirement savings.The results are benchmarked against your pre-retirement pay, so you could plan to continue to lead the same pre-retirement life style.

Your Assumptions Years Current Earnings per annum Income growth Rate % Current Savings Savings Interest Rate Dollars % Years Age you would like to Retire Your Current Age Number of years I will be in retirement % Years Spouse's Current Age Years Percentage of income you save for retirement each year: Dollars

These are your assumptions, used to derive this retirement Projection.

Retirement Analysis

(Click here for additional information) Pre Retirement Pay
            $106,093.0


                                                        Experts, recommend that your retirement income should be 80% to 100% pecent of your pre retirement pay, inorder to live the same pre retirement life style, in your retirement. As per the Retirement Estimate your retirement income is above 80%(113.79%) of your preretirement pay.
          This is the amount you will be earning just prior to retirement (age 61).

This is the Annual income from your savings, as per your assumptions it will last till the age of 81.(if you want your money to last beyond this age you may increase the 'No. of years I will be in retirement' assumption.) This is the Annual Income from social security, it will last till the end of your life, and also increase at a rate , of cola (cost of living adjustment). $103,609.0

$17,112.0 Retirement Income

(Click here for additional information) Income from Savings (from Age 62 to 81)

(Click here for additional information) Social Security Income (from Age 62 till you die) $1,174,469.0 This is the total savings, at the time of retirement(age 62). (Click here for additional information) Final Savings at Start of Age 62

Annuities Projection

The annuities are the Yearly amounts you would receive if you invest, the total savings amount ( $1,174,469.0 ,which you would have accrued at age 62,as per your assumptions),to buy annuity insurance. The annuity payments are paid until you die, and are gaurenteed by the insurance company (untill it is solvent). Please note that annuities are typically paid in monthly payments, however values shown below are in yearly amounts.

Level Payments
The payment made througth this annuities are constant and will not increase over time.
Single life annuity with Cash Refund Single life Annuity
50% Joint and Survivor 100% Joint and Survivor with Cash Refund Single life annuity with 10 year Certain 100% Joint and Survivor $72,485.0 $75,637.0 $72,270.0 $63,786.0 $63,233.0

$74,539.0
$77,066.0 50% Joint and Survivor with Cash Refund

Increasing Payments

The payments made througth this annuities will increase over time. Single life Annuity
$48,426.0
$52,935.0 $48,696.0 $51,957.0 Single life annuity with Cash Refund $40,951.0 $40,538.0 $50,467.0 Single life annuity with 10 year Certain
50% Joint and Survivor

50% Joint and Survivor with Cash Refund

100% Joint and Survivor
100% Joint and Survivor with Cash Refund