How Much Money Do I Need to Retire Calculator
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Optimize Your Retirement - How Much Money Do I Need To Retire?
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Test (do not change these columns - this is a math check)
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AssumptionsInputs
Explanation
Year in RetirementAmount You Need To Retire (from PV formula)Year Income (with inflation)
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Periodic payment \$ 30,000 PMT
amount of annual payment you need in retirement
1 \$ 370,867 \$ 30,000
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Growth rate per period
4%g
rate of inflation
2 374,954 31,200
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Discount rate per period
10%i
expected rate of return (your expected investment return)
3 378,129 32,448
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Number of periods20n
number of years spent in retirement
4 380,249 33,746
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5 381,153 35,096
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Calculation6 380,663 36,500
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Present Value \$ 337,152 PV
ordinary annuity (amount to the left is for comparison)
7 378,580 37,960
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Present Value \$ 370,867 PV
annuity due (this is the amount you'll need prior to retiring)
8 374,683 39,478
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Factor3.719 368,725 41,057
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10 360,435 42,699
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11 349,509 44,407
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Resources12 335,612 46,184
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Personal CapitalThe first step in securing your financial future is to sign up with Personal Capital. It's a completely free tool that I recommend to everyone.13 318,371 48,031
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LendingTreeI believe that retirees SHOULD carry a mortgage in retirement to optimize their finances. Make banks compete for your business so that you can get the best rate. 14 297,374 49,952
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RealtySharesThe best real estate investment option in 2018. 15 272,165 51,950
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16 242,236 54,028
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17 207,028 56,189
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18 165,922 58,437
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For more information, you can email me at matt@optimizeyourretirement.com or see the associated post: 19 118,234 60,774
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20 63,205 63,205
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www.optimizeyourretirement.com/how-much-do-i-need-to-retire \$ (0.00)
Success - Your money will last!
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