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Your retirement starts with a few numbers, but those numbers tell a bigger story. Use this estimate to see how your savings, contributions, and retirement timeline work together.
What you’ll have estimates your savings when you retire, using your current balance, monthly contributions, and the assumptions in Advanced Details. What you’ll need estimates the savings required to support your retirement budget through your selected life expectancy.
The ring compares those two estimates. The chart shows how your balance could change before and during retirement. Switch to Summary View to compare your current contribution with the calculator’s estimated target.
Enter your annual income before taxes and the amount you save each month. The annual income increase assumption also increases future contributions in this projection.
Include the balances you’ve already set aside for retirement, such as your 401(k), IRA, and other retirement savings.
Estimate your monthly spending in today’s dollars. Other retirement income reduces the amount your savings need to cover. The calculator applies inflation to that remaining amount over time.
Your retirement age determines when contributions stop and withdrawals begin. Life expectancy sets how long the calculator aims to make your savings last.
Advanced Details lets you adjust returns before and after retirement, inflation, and annual income increases. These are assumptions for exploring scenarios, not promised results.
Try a higher monthly contribution, a different retirement age, or a revised budget. Seeing the effect of each change can help you decide what to discuss in a retirement planning conversation.
These estimates are educational and do not account for every part of your financial life. Actual returns, taxes, fees, and spending may differ. Your plan should reflect your circumstances.
Talk with Women Financial Power about your retirement goals and the questions behind your results.
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Women Financial Power® is an independent insurance and retirement planning firm. Neither Women Financial Power, nor any financial professionals acting on its behalf, should be viewed as providing legal or tax advice.
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