Retirement Planning Calculator
Plan your financial future with detailed retirement projections. Calculate how much you need to save, analyze your pension contributions, and see your path to a comfortable retirement.
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Financial Planning Disclaimer
These retirement projections are estimates for educational purposes only. Actual investment returns, inflation rates, and life circumstances will vary. Past performance doesn't guarantee future results. This tool is not a substitute for professional financial planning advice. Consult qualified financial advisors for personalized retirement strategies and tax implications.
Projected Retirement Balance
$2,021,557
At age 65
Your contributions:$387,772
Employer match:$105,000
Investment growth:$1,528,785
Monthly Retirement Income
$6,739
Using 4% withdrawal rule
135% replacement ratio
Of desired income
Goal Analysis
$1,538,251
Shortfall
+$854/month
Additional needed
Final 10 Years Projection
| Age | Balance | Annual Contribution | Total Contributions | Investment Growth |
|---|---|---|---|---|
| 56 | $961,971 | $12,563 | $256,318 | $627,653 |
| 57 | $1,048,069 | $12,940 | $269,258 | $697,811 |
| 58 | $1,140,794 | $13,328 | $282,586 | $774,208 |
| 59 | $1,240,638 | $13,728 | $296,313 | $857,325 |
| 60 | $1,348,127 | $14,139 | $310,452 | $947,674 |
| 61 | $1,463,827 | $14,564 | $325,016 | $1,045,811 |
| 62 | $1,588,345 | $15,000 | $340,017 | $1,152,328 |
| 63 | $1,722,332 | $15,450 | $355,467 | $1,267,865 |
| 64 | $1,866,486 | $15,914 | $371,381 | $1,393,105 |
| 65 | $2,021,557 | $16,391 | $387,772 | $1,528,785 |
Retirement Planning Tips
Start Early & Maximize Growth
- • Start saving as early as possible for compound interest
- • Contribute enough to get full employer match
- • Max out tax-advantaged accounts (401k, IRA)
- • Consider Roth vs traditional based on tax situation
- • Increase contributions with salary raises
Investment Strategy
- • Diversify investments across asset classes
- • Consider target-date funds for automatic allocation
- • Reduce risk as you approach retirement
- • Keep investment fees low with index funds
- • Don't panic sell during market downturns
Additional Considerations
- • Plan for healthcare costs in retirement
- • Consider long-term care insurance
- • Factor in Social Security benefits
- • Plan for inflation over long time periods
- • Have multiple retirement income sources
Regular Review
- • Review and adjust plan annually
- • Rebalance portfolio periodically
- • Update goals with life changes
- • Consider working with financial advisor
- • Stay informed about retirement rules