Retirement Savings Calculator

Estimate the amount of money you will need to have saved by retirement age in order to meet your desired retirement income goals. Factor in inflation, up to three post-retirement incomes, and a one-time benefit (sale of home, etc)
Retirement Needs Combined Explain
Enter age at the end of current year (#):
 
Enter the age you plan to retire at (#):
Enter life expectancy (#):
Desired annual retirement income ($):
Every years of retirement, reduce our income need by (%):
Desired estate ($):
Enter the expected average annual rate of inflation (%):
Retirement Funding Combined Explain
Enter the amount of your current retirement savings ($):
 
Enter the amount of your current monthly contributions ($):
Age to stop contributions ($):
Enter the Annual Interest Rate you expect to earn (%):
Enter combined Federal & State Tax Rate during retirement (%):
Post-Retirement Income (Pension, SS, Wages, etc.) Combined Explain
($):
Annual COL Adjustment % Starting
 
Start & Stop Ages for Retirement Income #1 ($): to
($):
Annual COL Adjustment % Starting
Start & Stop Ages for Retirement Income #2 ($): to
($):
Annual COL Adjustment % Starting
Start & Stop Ages for Retirement Income #3 ($): to
($):
Age to Apply One-Time Benefit (#):
Results Explain
Savings Needed at Retirement Age:
 
Savings at Retirement Based on Present Entries:
Savings Surplus (negative number indicates a ShortFall):
Additional Monthly Contribution Needed to Fully Fund Plan:
Present Monthly Contributions:
Total Monthly Contribution Needed to Fully Fund Plan:
 


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Any and all numbers displayed are estimates based on numbers given by you. For more complete and precise projections, consult your Member Representative at Community 1st.

Equal Opportunity Act, and NCUA Insurance.