Retirement calculator

Annual pre tax income: This is your total income before taxes. It includes your salary and any regular income.

Monthly contribution: This is how much you're putting away for retirement each month. Financial experts often recommend 10-15% of your pretax income

Current retirement savings: Tell the calculator how much you've already saved in your retirement accounts like 401(k)s and IRAs.

Monthly budget in retirement: Estimate how much you'll need each month to live comfortably when you're retired. You can base this on your current spending habits.

Inflation: We factor in a 3% annual inflation rate, but you can adjust this to see how it affects your savings

Your Retirement Income Goal: A common guideline is to aim for 70% of your pre-retirement income during retirement. You can achieve this through savings, investments, Social Security, and other income sources. Remember, expenses may change in retirement. Some costs (like healthcare and travel) may go up, but others (like saving for retirement and paying off loans) may decrease.