Retirement Planning Tool

Plan for a comfortable retirement based on your current savings and goals

Results

Estimated Retirement Savings: $0
Estimated Annual Income: $0
Income Shortfall/Surplus: $0

How to Use the Retirement Planning Tool

🏖️

Tool Overview

This retirement planning tool helps you assess if you're on track to meet your retirement goals. It calculates your estimated retirement savings, potential annual income, and identifies any income gap or surplus.

👣

Step-by-Step Instructions

  1. Enter your current retirement savings amount
  2. Input your planned annual contribution
  3. Specify the expected annual return rate
  4. Enter the number of years until you plan to retire
  5. Set your desired annual retirement income
  6. Click "Calculate" to see the results
💡

Input Explanation

  • Current Savings: Your existing retirement savings
  • Annual Contribution: How much you plan to save each year
  • Annual Return: Expected annual investment return rate
  • Years Until Retirement: Time remaining until you retire
  • Desired Retirement Income: Annual income you want in retirement
📊

Understanding Results

The calculator displays three key metrics:

  • Estimated Savings: Projected retirement nest egg
  • Estimated Income: Annual income from your savings
  • Income Difference: Gap (negative) or surplus (positive) vs desired income