Retirement Fund Calculator for
Calculating Savings Needed

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This comprehensive online Retirement Fund Calculator will calculate how much you need to be saving each month in order to fully fund your retirement plan.

It includes options for factoring in inflation, for adding up to three post-retirement incomes, and an optional one-time benefit (sale of home, etc.). You can also print out retirement planning reports for any number of what-if scenarios.

If you would prefer a simpler calculator that does not attempt to account for inflation and taxes, please use the Retirement Saving Calculator.

Or, if you prefer to use a calculator that does account for inflation, but is less comprehensive that the one on this page, you may want to refer to the Calculate Retirement Savings page.

With that, let's use the Retirement Fund Calculator to calculate how much you need to be saving now in order to fully fund your plan.

Calculate Retirement Plan Funding Needs
Instructions: Complete the Needs, Funding, and Income sections and then click the "Calculate" button. Mouse over the blue question marks for a further explanation of each entry field. More in-depth explanations can be found in the glossary of terms located beneath the calculator.
Retirement Needs
Enter age at the end of current year (#):
Enter the age you plan to retire at (#):
Life expectancy (#):
Desired annual retirement income ($):
Every years of retirement, reduce income need by (%):
Desired estate ($):
Expected average annual rate of inflation (%):
Retirement Funding
Current retirement savings ($):
Current monthly contributions ($):
Age to stop contributions ($):
Annual interest rate you expect to earn (%):
Combined federal & state tax rate during retirement (%):
Post-Retirement Income (Pension, SS, Wages, etc.)
Source	Annual COL Adjustment	Start Stop Ages	Monthly $
	Now Retire	-
	Now Retire	-
	Now Retire	-
Results
Savings needed at retirement age:
Savings at retirement based on present entries:
Savings surplus (negative number indicates a shortfall):
Additional monthly contribution needed to fully fund plan:
Present monthly contributions:
Total monthly contribution needed to fully fund plan:
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Retirement Fund Calculator Glossary of Terms

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Annual return on investments (ROI): This is percentage by which you expect your investments to grow.

Desired Estate: Your estate includes everything you own, including all assets and liabilities. If you would like to insure a certain dollar value of your estate is left to your heirs, then you will need to include this amount in your funding plan.

Inflation: Basically, inflation is the rise in the price of goods and services over time. The inflation rate is an attempt to quantify inflation, and is based on the rise of the Consumer Price Index (CPI). Theoretically, if the inflation rate is estimated to be 4%, $1 will only be worth 96¢s; a year from now. Or to put in another way, a product selling for $1 now will likely sell for $1.04 a year from now. Therefore, to make a more realistic retirement plan, inflation should be considered -- though likely not at face value. After all, as prices rise, wages tend to also rise, thereby offsetting at least a portion of the effects of inflation.

Inflated Need: When inflation is factored into planning for retirement, the desired income goal must be annually adjusted upward by the inflation rate so that by the time you retire your income will buy the same amount of goods and services as they would today.

Life Expectancy: The average number of years a person is expected to live based upon his or her current age. See the Calculate Life Expectancy page or the more comprehensive Life Expectancy Quiz for additional information.

Net Present Value (NPV): NPV is the sum of the present values (PVs) of the individual cash flows. Present value (PV) is the current value for a future amount based on a certain interest rate and a certain time period. PV computations allow you to determine how much you need to deposit now in order to obtain a desired total in the future.

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