Retirement Income Calculator
Retirement Income Worksheet
These are the values you enter.
Examples
Enter Your Data
Current Annual Income
$40,000
Percentage of Pre-retirement Income Needed for Retirement
80%
Expected Social Security Payment (average annual payment in 1999)
$9,360
Expected Annual Pension Income
$5,000
Value of Current Assets (savings, investments, etc.)
$90,000
Years until Retirement
25
5
10
15
20
25
30
35
These values are calculated.
Examples
Estimate of Retirement Income Needed (in addition to Social Security, Pensions, etc.)
$55,449
Total Savings to Produce Needed Income (assumes 4% inflation, 7% return, retired for 20yrs)
$831,735
Estimated Future Value of Assets
$488,700
Total Savings Needed
$343,035
Annual Savings Needed
$5,423
Monthly Savings Needed
$452
Check these values against the table in the workbook.
Inflation Factor (4% inflation)
2.67
Growth Factor (7% return)
5.43
Present Value Factor (7% return)
63.25
