Retirement Budget Calculator
Calculate your retirement budget based on current savings, expected expenses, and retirement income sources. Plan your financial future with our comprehensive retirement calculator.
Step 1: Personal & Financial Details
Understanding Retirement Planning
Retirement planning involves estimating your future expenses and income sources to ensure you have enough savings to maintain your desired lifestyle throughout retirement.
Step 2: Income, Expenses & Assumptions
About Retirement Calculations
Retirement calculations account for inflation, investment returns, and changing expenses over time. It’s important to plan conservatively to ensure your savings last throughout retirement.
Retirement Budget Results
Estimated Required Savings at Retirement
Retirement Scenario Comparison
| Retirement Age | Required Savings | Monthly Savings Needed | Retirement Duration | Readiness Score |
|---|
Retirement Savings Projection
Retirement Planning Formula
Required Savings = Annual Shortfall × Retirement Duration × Inflation Factor
Retirement planning involves calculating the present value of future expenses, accounting for inflation and investment returns. The goal is to ensure your savings last throughout your retirement years while maintaining your desired lifestyle.
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