ABCDEFGHIJKLMNOP
1
Retirement Secrets - Future Value Estimator
2
3
4
Example 1Your Example
5
An individual spends about $50k per year currently, and they'd like to replace this amount in retirement. How much will they need to save to do that? Fill in your own details below to estimate what you'll need to save for retirement.
6
7
Summary DataSummary Data
8
Desired Retirement Spending$60,000
This is how much you want to spend.
Desired Retirement Spending$120,000
This is how much you want to spend annually.
9
10
LowMediumHighLowMediumHigh
11
Retirement Range80%100%120%This is a range of certainty around the above number.Retirement Range80%100%120%This is a range of certainty around the above number.
12
Retirement Need$48,000$60,000$72,000Retirement Need$96,000$120,000$144,000
13
14
Sources of FundingSources of Funding
15
LowMediumHighLowMediumHigh
16
Social Security Estimate$6,000$8,000$10,000This is what you think your Social Security distribution will be. Not sure? Check out mySSA.gov.Social Security Estimate$30,000$42,000$30,000This is what you think your Social Security distribution will be annually. Not sure? Check out mySSA.gov.
17
Annual Earnings$0$0$0This is what you might earn from your creativity in retirement (net of expenses).Annual Earnings$0$0$0This is what you might earn from your creativity in retirement (net of expenses) annually.
18
Other Earnings$0$0$0Any other income you may have (e.g., pension)Other Earnings$66,000$66,000$66,000This is for any other income you may have (e.g., pension) annually.
19
Retirement Distribution$54,000$67,000$80,000This is the gap your retirement account will need to fill.Retirement Distribution$32,000$52,000$96,000This is the gap your retirement account will need to fill.
20
Total Funding$60,000$75,000$90,000Total Funding$128,000$160,000$192,000
21
Less: Tax Estimate-20.0%-20.0%-20.0%Less: Tax Estimate-25.0%-25.0%-25.0%
22
Total Net Funding$48,000$60,000$72,000This is what you'll end up with (after a rough tax estimate). Total Net Funding$96,000$120,000$144,000This is what you'll end up with (after a rough tax estimate).
23
24
Distribution Rate4.0%4.0%4.0%This is how much you'll spend from your retirement account each year. Distribution Rate4.0%4.0%4.0%This is how much you'll spend from your retirement account each year.
25
26
Retirement Balance Needed$1,350,000$1,675,000$2,000,000This is what you'll need your retirement account balance to be (ish). Retirement Balance Needed$800,000$1,300,000$2,400,000This is what you'll need your retirement account balance to be (ish).
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100