Retirement Calculators

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Retirement Calculators

A retirement calculator is an online, useful tool to help you determine what age you could retire based off your current and projected retirement savings and see how you could adjust your projected savings to change your projected retirement date. Actual results will depend on current age, how much you have saved for retirement, plan to contribute to your retirement accounts, the rate-of-return on your investments, and amount needed at retirement.

This personal digital assistant is a highly effective resource that can help you smoothly transition into retirement by performing calculations based on the numbers you provide for age, pre-tax income, amount of savings you begin with, how much you intend to save monthly, any additional income sources, and what you expect to receive from Social Security. It’s hard to know the magical number you will need to accumulate to support the lifestyle you envision in your golden years, but with the help of this tool to project the amount of savings you’ll need, you can predict just how your nest egg will (or won’t) work for you.

By predicting the amount you’ll have in today’s dollars and observing how that money would stretch over your retirement years while considering inflation, you can gauge if you’re on track to achieving your post-career hopes and dreams. If not, you can easily see how making slight adjustments can improve your situation, or how fast-tracking your retirement goals can put you on a trajectory to realize the day you can walk out your employer’s door even that much sooner.

Retirement Calculator Tools

Retirement Calculators vs. Financial Planners

While calculators are helpful for making some decisions on your own, an experienced retirement planner is well-versed in predicting if you’re on the right retirement-savings track. Our planners have helped hundreds of people retire and they’ve seen about every challenge and outcome. Working with an actual human advisor versus an online predictor provides many advantages, including having the sensitivity to understand your emotional side and the ability to offer custom-tailored recommendations and strategies that can adapt as life changes.

By taking you through a series of questions that help you formally describe the lifestyle you intend to realize and the risk exposure you are comfortable with, they not only will be able to evaluate your progress toward your goals, but they will also be able to help you avoid the pitfalls that are all too common with pre-retirees. Often, this client/planner relationship extends way beyond investment and savings guidance, as typically they are the first person clients reach out to when the unforeseen or unthinkable happens.

At the end of the day, you need to have a reliable retirement resource that increases your chances of achieving your personal financial goals. If you’re hesitant to engage a discussion with a retirement planner, perhaps an online retirement calculator is a great place to get started. Then when you’re ready to add in the myriad of other pressing issues facing Baby Boomers such as divorce, planning for long-term care, caring for aging parents, increase in life expectancy, leaving assets to your heirs, estate planning and charitable considerations, visiting with a retirement planner may be a timely and welcomed event.

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Providing for family, spending time with grandkids, traveling. You shouldn’t be wasting your golden years worrying about electric bills or the balance of your checking account. We’ve helped hundreds of people retire confidently and we can’t wait to do the same for you.