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Retirement Fund Calculator for Calculating Savings Needed

Calculator Preferences
Retirement Fund Calculator

This is the most comprehensive of the retirement planning calculators, as it includes options for factoring in inflation, income taxes, up to three post-retirement incomes, up to 4 one-time contributions, and more. Results include a year-by-year retirement fund schedule showing the beginning and ending balance for each year, as well as the factors responsible for the changes. Also includes a printer friendly report.

Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Retirement Needs
Basic Fund Variables
Lump Sum ContributionsLump Sum ContributionsLump Sum Contributions (Sale of Home, etc.)Lump Sum Contributions (Sale of Home, Inheritance, etc.)
Post-Retirement IncomePost-Retirement IncomePost-Retirement Income (SSI, Pension, Wages, etc.)Post-Retirement Income (Social Security, Pension, Wages, etc.)
Retirement Fund Forecast

Retirement Fund Forecast:

The fields in this section are all computed fields. Each time you make a change to any fields in the top section of the calculator, you will need to tap the Calculate Retirement Fund button to repopulate the fields in this section.

Savings need:Savings needed:Savings needed when you retire:Savings needed when you retire:

Savings needed when you retire:

This is the amount you will need to have saved by retirement age in order to fund your retirement plan.

Retire fund:Retirement savings:Retirement savings based on your entries:Retirement savings based on your entries:

Retirement savings based on your entries:

Based on your current savings, current contributions and expected annual return on your retirement investments, this is how much you will have saved by retirement age.

Surp/-short:Surplus/-shortfall:Estimated savings surplus/-shortfall:Estimated savings surplus/-shortfall:

Estimated savings surplus/-shortfall:

This is the difference between how much you will need to have saved and how much you will have saved based on your present entries. A positive number represents a surplus, whereas a negative number represents a shortfall.

Increase req:Increase needed:Monthly saving increase needed:Monthly saving increase needed for fully funded plan:

Monthly saving increase needed for fully funded plan:

If your retirement plan shows a shortfall, this is the additional monthly contribution you will need to start making now in order to fully fund your retirement plan.

Crnt monthly:Crnt monthly save:Current monthly contribution amount:Current monthly contribution amount:

Current monthly contribution amount:

This is your current monthly contributions.

Tot required:Total required:Total monthly savings required:Total monthly savings required for fully funded plan:

Total monthly savings required for fully funded plan:

This is the total monthly contributions you need to start making now in order to fully fund your plan.

If you would like to save the current entries to the secure online database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated
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Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.

 

Favorites

Add or remove this page to/from my favorites.

Adjust Calculator Width:

Move the slider to left and right to adjust the calculator width. Note that the Help and Tools panel will be hidden when the calculator is too wide to fit both on the screen. Moving the slider to the left will bring the instructions and tools panel back into view.

Also note that some calculators will reformat to accommodate the screen size as you make the calculator wider or narrower. If the calculator is narrow, columns of entry rows will be converted to a vertical entry form, whereas a wider calculator will display columns of entry rows, and the entry fields will be smaller in size ... since they will not need to be "thumb friendly".

Show/Hide Popup Keypads:

Select Show or Hide to show or hide the popup keypad icons located next to numeric entry fields. These are generally only needed for mobile devices that don't have decimal points in their numeric keypads. So if you are on a desktop, you may find the calculator to be more user-friendly and less cluttered without them.

Stick/Unstick Tools:

Select Stick or Unstick to stick or unstick the help and tools panel. Selecting "Stick" will keep the panel in view while scrolling the calculator vertically. If you find that annoying, select "Unstick" to keep the panel in a stationary position.

If the tools panel becomes "Unstuck" on its own, try clicking "Unstick" and then "Stick" to re-stick the panel.