Retirement Savings Calculator

Current balance of your Retirement Savings account:	$
Number of years until you retire:
Number of years in retirement:
Desired Annual Income during retirement (in current dollars):	$
Estimated rate of return on retirement savings:	%
Estimated inflation rate:	%

What your total retirement costs will be, in future dollars:	$
What your savings must be worth when retirement starts:	$
What you need to deposit today and annually to meet your needs:	$
Assumptions: 1. Your Deposits are made once a year and cease when retirement begins. 2. Interest compounds and pays annually. 3. Withdrawals for retirement begin on the day you retire and annually thereafter. 4. Any taxes on earned interest is paid from an account other than your retirement savings account. This is only an estimate. Your actual savings and expenses may vary.