Saving for Retirement: Contributions Needed Calculator | Saving for Retirement: Contributions Needed Calculator
Are your savings on track? Should you increase the amount that you're contributing to your retirement plan? Use this
calculator to estimate how much you should be contributing, based on your retirement income goal.
This calculator estimates income needed in retirement as a percentage (e.g., 70%) of salary—or, if specified, as a
percentage of a targeted income amount--which can be adjusted for inflation. The calculator does not model distributions
required from retirement accounts for income tax purposes.
Anticipated and suggested additional contributions and distributions are assumed to be made at the end of each period
(i.e., 1 week, 2 weeks, 1 month, 3 months, 6 months, or 1 year). There are assumed to be 365/7 weekly and 365/14 biweekly periods in a year.
This calculator does not take into account the effect of federal or state taxes, or any investment fees or expenses.
This calculator does not take into account the contribution limits that apply to retirement plans.
This calculator assumes that no withdrawals are made from the investment portfolio during the accumulation period.
This is a hypothetical example, intended for illustration purposes only; it does not reflect the performance of any specific investment or portfolio.
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Any information provided has been prepared from sources believed to be reliable but is not guaranteed, does not represent all available data necessary for making investment decisions and is for informational purposes only.
This communication is strictly intended for individuals residing in the state(s) of AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, GU, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT and VT. No offers may be made or accepted from any resident outside the specific states referenced. |
Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2023. |
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