The Retirement Calculator can help you to
create your retirement income plan. Using the retirement calculator, you can
view your retirement savings balance and plan your withdrawals for each year
until the end of your retirement.
The results of your input assumptions are
revealed instantly. Whether you are three months, three years,
or 30 years away from retirement, it is never too early, or late, to start
planning and investing.
Through the creation of the correct plan now, you can
make a big difference in how comfortable your retirement will be. You have
worked hard for what you have; you deserve to make your dreams of a comfortable
retirement a reality.
If
you are planning for retirement, your head is probably spinning with questions
like these:
- How can I do a retirement calculation?
- Will my money last throughout my retirement?
- How much money can I withdraw from my portfolio each year
(retirement withdrawal rate)?
- How should my money be allocated?
- How will inflation affect my purchasing power?
- How will management fees affect my portfolio's performance?
- How do I keep up-to-date on the latest news impacting my
retirement?
Unfortunately, many retirees make the
mistake of putting all their money in "safe" investment, such as
money market accounts and certificates of deposit.
They take this action,
because they mistakenly believe that once they retire, they should not take
risk of any kind. The retirement calculator allows you to input any asset
allocation you desire. You can change the allocation until you find the
one that is right for your situation.
Most of us think that we are doing enough
for our future by putting away a little something each month for our impending
retirement. In reality, that little something is often too little and not
enough to be substantial to get us through our old age.
Not many of us think of
a retirement calculator as something useful or essential to our financial
planning when it is.
Simply using a retirement calculator now can help ease the
headache of sorting out your finances in the future, which is really wonderful
since it's sometimes dizzying when you try and start planning for your
retirement.
The crucial question to answer is how much
money we can withdraw from portfolio each year, which is known as retirement
withdrawal rate. If you withdraw too much, your money will not last your entire
retirement.
If on the other hand, you withdraw too little, then you may end up
eating macaroni and cheese for dinner every night for no reason.
It is also
important to remember the U.S.
government has placed minimum required distribution (MRD) requirements on many
retirement instruments such as, 401k, 403bs, and traditional IRAs. Entering
different withdrawal scenarios into the retirement calculator is easy and its
results are revealed instantly.
Inflation has a withering affect on your
purchasing power. Historically, the inflation rate has been about 3 percent. Thus,
with just the average inflation rate of 3 percent, your costs double every
twenty-four years.
You can expect to spend as much time in retirement as you
did when you worked. Therefore, you can expect to see your expenses double
during your retirement years. Again the retirement calculator can show
inflation's impact on your portfolio immediately.
The key to survival, whether your pension
fund defaults or Social Security fails, is to develop a retirement wealth
management plan.
The first step in the creation of your retirement wealth
management plan is to check your current retirement status using a retirement
calculator, like the calculator found at retirementcalc.com.
You can run
multiple retirement scenarios using the retirement calculator - such as
what your retirement looks like without your pension plan.
The retirement calculator can provide
the following benefits:
- How management fee's impact
how long your money will last
- 1973/1974 & 2000/2002
historical economic downturn
- 30 year projections
- Inflation factor enhancements
- Interactive retirement asset
performance analysis
- Colorful graphical interface
- Big charts & graphs with
new capabilities
- Real-time "what if"
retirement analysis on the fly
- Actual vs. Hypothetical vs.
Inflation Proof retirement analytics
- No additional programs are
required to run Retirement Calculator 3.0
- Runs on all Microsoft Windows
Environments
- Easy upgrade to Retirement
Intelligence Information Services
- Instant web customer support
- Definitions page
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