Note: This interactive calculator is intended as an educational tool but not as investment advice. The information presented isn’t designed to advise you of strategies which are applicable to your specific situation but rather to highlight issues for your consideration. Therefore, you should always consult your financial or tax advisor. Your own goals will help you to develop a specific financial strategy.
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Enter a valid age
Enter a valid age you plan to retire
Enter a valid age you expect to live to
Enter a valid value for your expected monthly needs
Enter a valid rate for inflation
Based on the inflation rate for %YEARS_UNTIL% years until you retire, you will need %FIRST_MONTH% each month the year in which you retire, for a total of %FIRST_YEAR% for the year.
Using the same inflation rate, you will need %LAST_MONTH% each month the last year of your retirement, for a total of %LAST_YEAR% for the year.
To finance all of the years you plan to be retired including inflation, you need to have an amount of %GRAND_TOTAL% saved at the beginning of your retirement.