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Savings Calculator

How to Use:

  • Input the “Years until Retirement”. This refers to the number of years left before your retirement. To calculate this, subtract your current age to your target retirement age.
  • Enter the “Return on Investment” you seek.
  • Finally, type in the “Percentage of your pre-retirement income” you wish to live on. This estimates the amount of income you need to maintain your lifestyle at retirement. Financial experts recommend a target between 70 to 85 percent of pre-retirement income.

Example:

Pre-retirement income: 0.8
Return of Investment: 0.05
Years until retirement: 35 years
Savings Rate = 17.71 %