Your Number. It’s the amount of money you need to have saved to retire the way you want. Why is finding it so important? Because it’s both your starting point and your destination. In fact, just knowing Your Number can help make saving for retirement simpler.
While calculating Your Number can be a straightforward exercise, developing a plan for reaching it can be more complex. A financial professional can help assure you're on the right track to achieve the retirement you want.
DISCLAIMER: The analysis provided by this tool is based solely on the information provided by you. All examples, if any, are hypothetical and for illustrative purposes and do not represent current or future performance of any specific investment. No guarantees are made as to the accuracy of any projection. This information does not serve, either directly or indirectly, as legal, financial or tax advice and you should always consult a qualified professional legal, financial and/or tax advisor when making decisions relative to your individual tax situation. All investments carry a degree of risk, and past performance is not a guarantee of future results. Generally speaking, the greater the return, the greater the risk.
ASSUMPTIONS: This calculator determines a lump sum account balance required at the start of retirement in order to provide the requested retirement income for the requested retirement time period. The calculator assumes the complete depletion of allocated retirement assets to provide for retirement income needs to the end of the assumed life expectancy. Social Security benefits, Pension benefits, personal savings, retirement saving, and Federal and State Income taxes are excluded from the calculator. If included, they would impact the calculation of Your Number. The post-retirement annual rate of return is assumed to be 5.00%. The annual rate of inflation is assumed to be 3.00%. Monte Carlo simulation is not included in the analysis.