Retirement Calculator – Plan Your Financial Future Today

Planning for retirement at an early age seems overwhelming, but with The Fund Advisor’s smart Retirement Calculator helps you in doing this complex-looking task with One Click. 

Our retirement calculator is a smart and interactive tool that helps you with retirement income calculations. It considers your income, current savings, monthly contributions, and desired retirement lifestyle to visualize how your retirement economy looks.

Turning the complex calculation behind retirement planning into a simple visual format that gives clear insight into the complete picture.

Working of Our Retirement Calculator

Step 1 : When you land on our retirement savings calculator, you see multiple fields to enter the desired details.

Step 2 : Then you need to fill your :-

• Current Age : Enter your current age first.
• Annual Pre-Tax Income : Then, enter your current income before taxes.
• Current Retirement Savings : Now write at what stage you are at, like if you currently have $5000 as savings, then enter this amount.
• Monthly Contribution : Enter what is the monthly contribution you can make to the retirement savings account.
• Budget in Retirement : Enter the percentage of your current annual income you need at the time of retirement.

Step 3 : Then, click on “Calculate” to process the calculation, which displays the results.

Step 4 : Now, you will see 3 results:

• You’ll Have : In this, you will see the amount of money you will have if you follow the same approach.
• You’ll Need : This is the expected amount of money you need at the time of retirement.
• Gap : This is the gap or difference between the money you will have and the expected money.

Example : – 

If someone is using our retirement calculator with details :-

Current Age : 30 years

Annual Pre-Tax Income : $50,000

Current Retirement Savings : $5000

Monthly Contribution : $500

Budget in Retirement (in %) : 70%

With information, our calculator will process the details and display the estimated retirement income and savings :-

You’ll Have $1,024,568

You’ll Need $875,000

Gap $0

Age-Wise Retirement Savings Estimation 

Let’s consider a situation where the starting annual pre-tax income is $50,000, the starting balance is $5000, the monthly contribution is $600, and the budget in retirement is 70%. We will see the age-wise estimation, which is:

Age	You’ll Have	You’ll Need	Gap
30	$1,024,568	$875,000	$0
40	$509,092	$875,000	$365,908
50	$225,769	$875,000	$649,231
60	$70,046	$875,000	$804,954

Why Use The Fund Advisor’s Retirement Calculator?

We are on the path of breaking down every puzzle of your finances that keeps bothering you. This smart retirement income calculator tool helps you to easily estimate your retirement savings based on your inputs. 

Here’s why you should use this :-

• Personalized Estimation : Our tools provide you with personalized estimation of your retirement plan calculations based on your entries.
• Comprehensive Factors : Considers inflation, life expectancy, and expected income for realistic projections.
• User-Friendly Interface : We have developed the most advanced, simple, and clean interface for this calculator, which is very easy to use and implement.
• Empowers Smart Decision : With clear vision of your retirement life helps you in making smart decision that syncs with your requirements.

How To Maximize The Benefits of Our Retirement Calculator?

You’re here, which means you are the person who wants to tailor their after-retirement life with their term and conditions. With early estimation of retirement savings, you can easily design and enhance the account balance by taking some wise action. 

To maximize the retirement savings, you need to be honest in entering the inputs required in the retirement savings calculator.

Age, income, and contribution amount will always change with time. So, frequently check and update the details to get real-time insight.

Our calculator only provides an estimation of retirement savings, but by taking a wise approach, to can use this estimation to tailor new possibilities.

It is also advised to prepare for unexpected expenses, like medical expenses. With regular budgeting, you can manage these situations without disturbing retirement savings.