1.𝐑𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐆𝐨𝐚𝐥 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐨𝐫.

This calculator helps you determine how much you need to save for a comfortable retirement. The input fields include:

• Current Age: Enter your current age to establish a starting point for your retirement timeline. This helps calculate the years until retirement and adjust for future financial needs.
• Retirement Age: Specify the age at which you plan to retire, allowing the tool to project your savings goal over the remaining working years.
• Current Annual Income ($): Input your yearly income to estimate the retirement income needed based on your current lifestyle.
• Desired Retirement Income (% of current): Use the slider (50% to 100%) to set the percentage of your current income you want in retirement, factoring in lifestyle changes.
• Current Savings ($): Add the amount you’ve already saved to assess how close you are to your goal and calculate additional savings required.
• Expected Annual Return (%): Adjust this range (3% to 12%) to reflect the average annual return you anticipate from your investments.
• Annual Inflation Rate (%): Set this range (1% to 5%) to account for the rising cost of living, ensuring your savings keep pace with inflation.

2. 𝐒𝐚𝐯𝐢𝐧𝐠𝐬 𝐏𝐥𝐚𝐧 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐨𝐫

Discover the best strategies to reach your retirement savings target with these inputs:

• Current Age: Input your present age to calculate the time horizon for saving.
• Planned Retirement Age: Define when you intend to retire to determine the savings period.
• Retirement Goal ($): Enter your total savings target to guide your monthly contribution plan.
• Current Savings ($): Include your existing savings to evaluate the gap and plan accordingly.
• Expected Annual Return (%): Adjust this range (3% to 12%) based on your investment performance expectations.
• Current Monthly Savings ($): Specify your current monthly contribution to project future savings growth.

3. 𝐖𝐢𝐭𝐡𝐝𝐫𝐚𝐰𝐚𝐥 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐨𝐫.

Plan sustainable withdrawals to ensure your savings last throughout retirement with these options:

• Retirement Portfolio Value ($): Input the total value of your retirement savings to calculate withdrawable amounts.
• Withdrawal Rate (%): Use the slider (2% to 8%) to set your annual withdrawal percentage, with the 4% rule as a common benchmark.
• Expected Annual Return (%): Adjust this range (3% to 12%) to reflect investment growth during retirement.
• Inflation Rate (%): Set this range (1% to 5%) to adjust withdrawals for rising costs over time.
• Retirement Duration (Years): Enter the number of years you expect to be in retirement (e.g., 30 years).
• Tax Rate (%): Use this range (0% to 30%) to account for taxes on withdrawals, ensuring accurate after-tax income.

4. 𝐌𝐨𝐧𝐞𝐲 𝐋𝐨𝐧𝐠𝐞𝐯𝐢𝐭𝐲 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐨𝐫

Assess how long your savings will last with these detailed inputs:

• Current Savings ($): Enter your starting retirement savings to determine its longevity.
• Monthly Withdrawal ($): Specify your planned monthly spending to calculate the drawdown rate.
• Expected Annual Return (%): Adjust this range (0% to 10%) for investment growth during retirement.
• Annual Inflation Rate (%): Set this range (0% to 5%) to adjust expenses for inflation.
• Additional Monthly Income ($): Include income from sources like Social Security or pensions to offset withdrawals.
• Annual Expense Increase (%): Use this range (0% to 5%) to account for rising living costs over time.