Retirement Savings and Investment Calculators from Wealth Virtues
Are you worried about how much money you will need to save for retirement? Do you know how long your nest egg will last through your retirement years? Do you have enough to leave a large sum of money to your heirs even after living a comfortable retirement?
If Social Security is still around when you retire, you might be able to use that to pull less out of your retirement account, but do you really want to count on that?
To live comfortably for 30 years a retiree today who can live at a $48,000 a year income would have to have saved at least $850,000. Sadly, the average savings of a 50 year old is less than $48,000. For those of you that are in your 50's and saved at least 10-20% of your income since you were 25, you are probably on track for a two to three million dollar nest egg!
If you are one of those 50 year olds (or close, you can get to the $900,000 mark, but you will need to read
Thrifty at Fifty Makes Retirement Nifty.
Use the calculators below to see where you will end up, and what you need to do to achieve your own definition of wealth to take you through retirement.
Let's see how much you have saved and what you are adding to that savings annually.
Use the below calculator to get a more accurate depiction of how far your retirement inome will last, and whether your retirement
investment will actually grow