Savings and Retirement Calculators
Savings Calculator | College Planner | Retirement Planner

Retirement Planner - Definitions

This Financial Calculator requires a Browser with Java Support 

Do you know what it will take to create a secure retirement? Use this calculator to help you create your retirement plan. View your retirement savings balance and your withdrawals for each year until the end of your retirement. Social security is calculated on a sliding scale based on your income. Including a non-working spouse in your plan increases your social security benefits up to,but not over, the maximum.


TermDefinition
Current age Your current age.
Age of retirement Age you desire to retire.
Household income Your total household income. If you are married, this should include your spouse's income.
Current retirement savings Total amount that you currently have saved toward your retirement. Include all sources of retirement savings such as 401(k)s, IRAs and Annuities.
Pre-retirement rate of return The annual percent you expect to earn on your investments before you retire.
Post-retirement rate of return The annual percent you expect to earn on your investments after you retire.
Percent of income to save The percentage of your annual income you will save for your retirement goals.
Expected salary increase Annual percent increase you expect in your household income.
Years until retirement Number of years before retirement.
Years of retirement income Total number of years you expect to use your retirement income.
Percentage income desired The percent of your household income you will need to have in retirement income.
Are you married? Check this box if you are married. Married couples have a higher maximum social security benefit than single wage earners.
Include social security? Check this box if you wish to include social security benefits in your retirement planning.


These calculators are made available to you as self-help tools for your independent use. We do not guarantee their accuracy or applicability to your circumstances. These tools are not intended to provide investments, legal, tax, or accounting advice. All examples are hypothetical and for illustrative purpose only. You may wish to consult your financial institution or financial advisor for additional information and advice. All calculations in this report are based on user inputs and do not reflect any guarantee of expected savings or tax advantages. All user input is private and secure. We do not collect any of the personal information that you provide nor do we save any of the reports. All calculations are made on your own computer.