Retirement Calculator

Plan Information Retirement Needs

Current Age 25 Salary During Retirement (in today's dollars) 50,000
Age at Retirement 65 Inflation-Adjusted Salary at Retirement 163,102
Years to Pay Out 25 Total Needed to Fund 100% of Retirement 4,077,547
Years to Invest 40
Current Retirement Savings
Rates and Inflation Current Retirement Savings Balance 20,000
Return During Accumulation 6.00% Value of Current Savings at Retirement 205,714
Return After Retirement 3.00% Value of Current Contributions at Retirement 1,009,710
Annual Inflation 3.00%
Other Retirement Income
Salary Age When Income Begins 65
Current Annual Salary 50,000 Initial Annual Amount 0
Annual Increase in Salary 2.0% Annual Increase 3.00%
Value of Other Income at Retirement 0
Current Savings Contributions
% of Salary Contributed 10.00% Other Assets (Pension, Sellable Real Estate)
Employer Match (% of contrib.) 0.0% Value of Other Assets at Retirement 0
Employer Max (% of salary) 0.0%
Current Annual Contributions 5,000 Shortfall at Retirement 2,862,123
. Years Payout Will Last Without Additional Savings 7.5
Additional Annual Savings Needed 14,173
Total % of Salary to Save to Reach Goal 38.35%

$4,500,000
Retirement Savings Balance
$4,000,000
$3,500,000 Saving 38.35% of Salary
$3,000,000 Saving 10% of Salary
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000 Series 1 Saving 38.35% of Salary
$- Series 2 Saving 10% of Salary
Payments
$(500,000) 20 Per Year
30 140 50 60 70 80 90 100
Withdrawal Payment Type 1
Age

Contribution and Payout Table Note: Results are only estimates!

Salary Annual Employer Retirement Payout Interest
Year Age Return Basis Contribution Match Income (Withdrawal) Earned Balance
$ 20,000.00
1 25 6.00% 50,000 19,173 0 0 0 1,200.00 40,373.00
2 26 6.00% 51,000 19,556 0 0 0 2,422.38 62,351.84
3 27 6.00% 52,020 19,948 0 0 0 3,741.11 86,040.54
4 28 6.00% 53,060 20,347 0 0 0 5,162.43 111,549.51
5 29 6.00% 54,122 20,753 0 0 0 6,692.97 138,995.95
6 30 6.00% 55,204 21,169 0 0 0 8,339.76 168,504.24
7 31 6.00% 56,308 21,592 0 0 0 10,110.25 200,206.41
8 32 6.00% 57,434 22,024 0 0 0 12,012.38 234,242.54
9 33 6.00% 58,583 22,464 0 0 0 14,054.55 270,761.32
10 34 6.00% 59,755 22,914 0 0 0 16,245.68 309,920.51

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 Salary Annual Employer Retirement Payout Interest
Year Age Return Basis Contribution Match Income (Withdrawal) Earned Balance
11 35 6.00% 60,950 23,372 0 0 0 18,595.23 351,887.52
12 36 6.00% 62,169 23,839 0 0 0 21,113.25 396,839.98
13 37 6.00% 63,412 24,316 0 0 0 23,810.40 444,966.38
14 38 6.00% 64,680 24,802 0 0 0 26,697.98 496,466.68
15 39 6.00% 65,974 25,298 0 0 0 29,788.00 551,553.05
16 40 6.00% 67,293 25,804 0 0 0 33,093.18 610,450.56
17 41 6.00% 68,639 26,320 0 0 0 36,627.03 673,398.01
18 42 6.00% 70,012 26,847 0 0 0 40,403.88 740,648.72
19 43 6.00% 71,412 27,384 0 0 0 44,438.92 812,471.41
20 44 6.00% 72,841 27,931 0 0 0 48,748.28 889,151.13
21 45 6.00% 74,297 28,490 0 0 0 53,349.07 970,990.26
22 46 6.00% 75,783 29,060 0 0 0 58,259.42 1,058,309.55
23 47 6.00% 77,299 29,641 0 0 0 63,498.57 1,151,449.19
24 48 6.00% 78,845 30,234 0 0 0 69,086.95 1,250,770.03
25 49 6.00% 80,422 30,839 0 0 0 75,046.20 1,356,654.79
26 50 6.00% 82,030 31,455 0 0 0 81,399.29 1,469,509.42
27 51 6.00% 83,671 32,084 0 0 0 88,170.57 1,589,764.43
28 52 6.00% 85,344 32,726 0 0 0 95,385.87 1,717,876.43
29 53 6.00% 87,051 33,381 0 0 0 103,072.59 1,854,329.67
30 54 6.00% 88,792 34,048 0 0 0 111,259.78 1,999,637.71
31 55 6.00% 90,568 34,729 0 0 0 119,978.26 2,154,345.21
32 56 6.00% 92,379 35,424 0 0 0 129,260.71 2,319,029.74
33 57 6.00% 94,227 36,132 0 0 0 139,141.78 2,494,303.82
34 58 6.00% 96,112 36,855 0 0 0 149,658.23 2,680,816.99
35 59 6.00% 98,034 37,592 0 0 0 160,849.02 2,879,258.05
36 60 6.00% 99,994 38,344 0 0 0 172,755.48 3,090,357.41
37 61 6.00% 101,994 39,111 0 0 0 185,421.44 3,314,889.61
38 62 6.00% 104,034 39,893 0 0 0 198,893.38 3,553,675.96
39 63 6.00% 106,115 40,691 0 0 0 213,220.56 3,807,587.35
40 64 6.00% 108,237 41,505 0 0 0 228,455.24 4,077,547.24
41 65 3.00% 163,102 0 0 0 163,102 117,433.36 4,031,878.71
42 66 3.00% 167,995 0 0 0 167,995 115,916.51 3,979,800.28
43 67 3.00% 173,035 0 0 0 173,035 114,202.96 3,920,968.45
44 68 3.00% 178,226 0 0 0 178,226 112,282.28 3,855,024.89
45 69 3.00% 183,573 0 0 0 183,573 110,143.57 3,781,595.84
46 70 3.00% 189,080 0 0 0 189,080 107,775.48 3,700,291.53
47 71 3.00% 194,752 0 0 0 194,752 105,166.18 3,610,705.53
48 72 3.00% 200,595 0 0 0 200,595 102,303.32 3,512,414.10
49 73 3.00% 206,613 0 0 0 206,613 99,174.05 3,404,975.55
50 74 3.00% 212,811 0 0 0 212,811 95,764.94 3,287,929.51
51 75 3.00% 219,195 0 0 0 219,195 92,062.03 3,160,796.24
52 76 3.00% 225,771 0 0 0 225,771 88,050.75 3,023,075.83
53 77 3.00% 232,544 0 0 0 232,544 83,715.95 2,874,247.48
54 78 3.00% 239,521 0 0 0 239,521 79,041.81 2,713,768.67
55 79 3.00% 246,706 0 0 0 246,706 74,011.87 2,541,074.30
56 80 3.00% 254,107 0 0 0 254,107 68,609.01 2,355,575.87
57 81 3.00% 261,731 0 0 0 261,731 62,815.36 2,156,660.58
58 82 3.00% 269,583 0 0 0 269,583 56,612.34 1,943,690.34
59 83 3.00% 277,670 0 0 0 277,670 49,980.61 1,716,000.90
60 84 3.00% 286,000 0 0 0 286,000 42,900.02 1,472,900.78
61 85 3.00% 294,580 0 0 0 294,580 35,349.62 1,213,670.24
62 86 3.00% 303,418 0 0 0 303,418 27,307.58 937,560.26
63 87 3.00% 312,520 0 0 0 312,520 18,751.21 643,791.38
64 88 3.00% 321,896 0 0 0 321,896 9,656.87 331,552.56
65 89 3.00% 331,553 0 0 0 331,553 0.00 0.00
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 Salary Annual Employer Retirement Payout Interest
Year Age Return Basis Contribution Match Income (Withdrawal) Earned Balance
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Table Based on Current Salary Contribution Note: Results are only estimates!
Salary Annual Employer Retirement Payout Interest
Year Age Return Basis Contribution Match Income (Withdrawal) Earned Balance
$ 20,000.00
1 25 6.00% 50,000 5,000 0 0 0 1,200.00 26,200.00
2 26 6.00% 51,000 5,100 0 0 0 1,572.00 32,872.00
3 27 6.00% 52,020 5,202 0 0 0 1,972.32 40,046.32
4 28 6.00% 53,060 5,306 0 0 0 2,402.78 47,755.14
5 29 6.00% 54,122 5,412 0 0 0 2,865.31 56,032.61
6 30 6.00% 55,204 5,520 0 0 0 3,361.96 64,914.97
7 31 6.00% 56,308 5,631 0 0 0 3,894.90 74,440.68
8 32 6.00% 57,434 5,743 0 0 0 4,466.44 84,650.55
9 33 6.00% 58,583 5,858 0 0 0 5,079.03 95,587.88
10 34 6.00% 59,755 5,975 0 0 0 5,735.27 107,298.61
11 35 6.00% 60,950 6,095 0 0 0 6,437.92 119,831.50
12 36 6.00% 62,169 6,217 0 0 0 7,189.89 133,238.26
13 37 6.00% 63,412 6,341 0 0 0 7,994.30 147,573.77
14 38 6.00% 64,680 6,468 0 0 0 8,854.43 162,896.23
15 39 6.00% 65,974 6,597 0 0 0 9,773.77 179,267.40
16 40 6.00% 67,293 6,729 0 0 0 10,756.04 196,752.78
17 41 6.00% 68,639 6,864 0 0 0 11,805.17 215,421.88
18 42 6.00% 70,012 7,001 0 0 0 12,925.31 235,348.40
19 43 6.00% 71,412 7,141 0 0 0 14,120.90 256,610.53
20 44 6.00% 72,841 7,284 0 0 0 15,396.63 279,291.22
21 45 6.00% 74,297 7,430 0 0 0 16,757.47 303,478.43
22 46 6.00% 75,783 7,578 0 0 0 18,208.71 329,265.47
23 47 6.00% 77,299 7,730 0 0 0 19,755.93 356,751.29
24 48 6.00% 78,845 7,884 0 0 0 21,405.08 386,040.87
25 49 6.00% 80,422 8,042 0 0 0 23,162.45 417,245.51
26 50 6.00% 82,030 8,203 0 0 0 25,034.73 450,483.27
27 51 6.00% 83,671 8,367 0 0 0 27,029.00 485,879.35
28 52 6.00% 85,344 8,534 0 0 0 29,152.76 523,566.55
29 53 6.00% 87,051 8,705 0 0 0 31,413.99 563,685.66
30 54 6.00% 88,792 8,879 0 0 0 33,821.14 606,386.02
31 55 6.00% 90,568 9,057 0 0 0 36,383.16 651,825.99
32 56 6.00% 92,379 9,238 0 0 0 39,109.56 700,173.49
33 57 6.00% 94,227 9,423 0 0 0 42,010.41 751,606.61
34 58 6.00% 96,112 9,611 0 0 0 45,096.40 806,314.16
35 59 6.00% 98,034 9,803 0 0 0 48,378.85 864,496.39
36 60 6.00% 99,994 9,999 0 0 0 51,869.78 926,365.62
37 61 6.00% 101,994 10,199 0 0 0 55,581.94 992,147.00
38 62 6.00% 104,034 10,403 0 0 0 59,528.82 1,062,079.24
39 63 6.00% 106,115 10,611 0 0 0 63,724.75 1,136,415.49
40 64 6.00% 108,237 10,824 0 0 0 68,184.93 1,215,424.14
41 65 3.00% 163,102 0 0 0 163,102 31,569.67 1,083,891.92
42 66 3.00% 167,995 0 0 0 167,995 27,476.91 943,373.88
43 67 3.00% 173,035 0 0 0 173,035 23,110.17 793,449.26
44 68 3.00% 178,226 0 0 0 178,226 18,456.70 633,680.13
45 69 3.00% 183,573 0 0 0 183,573 13,503.23 463,610.74
46 70 3.00% 189,080 0 0 0 189,080 8,235.93 282,766.87
47 71 3.00% 194,752 0 0 0 194,752 2,640.44 90,655.13
48 72 3.00% 200,595 0 0 0 200,595 -3,298.19 -113,237.81
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HELP
http://www.vertex42.com/Calculators/retirement-calculator.html 2015 Vertex42 LLC

About This Template

This calculator is designed to estimate how much of your salary you may need to
contribute towards savings to meet your retirement goal. It was designed based on
combining a 401(k) savings calculator with a retirement withdrawal calculator.

Caution: There are a large number of assumptions and estimations made by this
calculator, so be careful how you use and interpret the results. For example, it does not
take into account current debt, taxes, large future expenses or disasters, etc.

Due to the complexity of retirement planning, you may need to seek help from a certified
professional to understand how a calculator like this works and its limitations.

Instructions
Only edit the cells with the light gray border.

Read the cell comments to learn more about some of the inputs and outputs.

Additional Help
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talks about this template.

REFERENCES

SEE ALSO Vertex42.com: Home Mortgage Calculator

SEE ALSO Vertex42.com: 401(k) Savings Calculator

SEE ALSO Vertex42.com: Retirement Withdrawal Calculator

SEE ALSO Vertex42.com: Personal Budget Spreadsheet

TIPS Vertex42.com: Spreadsheet Tips Workbook

 2015 Vertex42 LLC
Retirement Calculator
By Vertex42.com
http://www.vertex42.com/Calculators/retirement-calculator.html

2015 Vertex42 LLC

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