Calculating Retirement Income
What you’ll need to have handy:
- Total current balance in your retirement accounts
- The amount you contribute each year
- Your current age
- Age you intend to retire
- Your current rate of return
- Rate of return you expect during retirement
- Current tax rate
- Projected tax rate during retirement
- How many years you expect to live beyond retirement
Once you have gathered all your information, it’s fast and easy to calculate a savings plan.
