5/3/22, 5:48 AM Best Retirement Calculator – Calculate Retirement Savings

Retirement Planner
bankrate.com

Your plan is on track.

Balance at end of retirement is $685,962. This assumes annual retirement expenses of $70,000 which is 50% of your last year's income of
$140,000.

Retirement Savings and Expenditures

Retirement Plan Inputs

Current age 41
Age of retirement 50
Household income $140,000
Current retirement savings $200,000
Annual retirement savings 70% ($98,000 annually which will increase as your income increases)
Expected income increase 0%
Years of retirement income 35
Income required at retirement 50%
Investment Returns and Inflation
Rate of return before retirement 7%
Rate of return during retirement 7%
Expected inflation rate 2.9%
Are you married? no
Include Social Security? no
Result Summary
Years until retirement 9
Your last year's income $140,000
Estimated annual retirement expenditures $70,000
Your ending balance $685,962

Balances by year*
Beginning Contributions Retire Retirement Ending
Age Retirement Investment at 70% with 50% Account Retirement
Balance Growth of Income of Income Withdrawals Balance
42 $200,000 $14,000 $98,000 $0 $0 $312,000
43 $312,000 $21,840 $98,000 $0 $0 $431,840
44 $431,840 $30,229 $98,000 $0 $0 $560,069
45 $560,069 $39,205 $98,000 $0 $0 $697,274

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5/3/22, 5:48 AM Best Retirement Calculator – Calculate Retirement Savings
46 $697,274 $48,809 $98,000 $0 $0 $844,083
47 $844,083 $59,086 $98,000 $0 $0 $1,001,169
48 $1,001,169 $70,082 $98,000 $0 $0 $1,169,250
49 $1,169,250 $81,848 $98,000 $0 $0 $1,349,098
50 $1,349,098 $94,437 $0 $70,000 $70,000 $1,373,535
51 $1,373,535 $96,147 $0 $72,030 $72,030 $1,397,652
52 $1,397,652 $97,836 $0 $74,119 $74,119 $1,421,369
53 $1,421,369 $99,496 $0 $76,268 $76,268 $1,444,596
54 $1,444,596 $101,122 $0 $78,480 $78,480 $1,467,238
55 $1,467,238 $102,707 $0 $80,756 $80,756 $1,489,189
56 $1,489,189 $104,243 $0 $83,098 $83,098 $1,510,334
57 $1,510,334 $105,723 $0 $85,508 $85,508 $1,530,550
58 $1,530,550 $107,138 $0 $87,988 $87,988 $1,549,701
59 $1,549,701 $108,479 $0 $90,539 $90,539 $1,567,640
60 $1,567,640 $109,735 $0 $93,165 $93,165 $1,584,211
61 $1,584,211 $110,895 $0 $95,867 $95,867 $1,599,239
62 $1,599,239 $111,947 $0 $98,647 $98,647 $1,612,539
63 $1,612,539 $112,878 $0 $101,507 $101,507 $1,623,909
64 $1,623,909 $113,674 $0 $104,451 $104,451 $1,633,131
65 $1,633,131 $114,319 $0 $107,480 $107,480 $1,639,970
66 $1,639,970 $114,798 $0 $110,597 $110,597 $1,644,171
67 $1,644,171 $115,092 $0 $113,804 $113,804 $1,645,459
68 $1,645,459 $115,182 $0 $117,105 $117,105 $1,643,536
69 $1,643,536 $115,048 $0 $120,501 $120,501 $1,638,083
70 $1,638,083 $114,666 $0 $123,995 $123,995 $1,628,753
71 $1,628,753 $114,013 $0 $127,591 $127,591 $1,615,174
72 $1,615,174 $113,062 $0 $131,291 $131,291 $1,596,945
73 $1,596,945 $111,786 $0 $135,099 $135,099 $1,573,633
74 $1,573,633 $110,154 $0 $139,017 $139,017 $1,544,770
75 $1,544,770 $108,134 $0 $143,048 $143,048 $1,509,856
76 $1,509,856 $105,690 $0 $147,197 $147,197 $1,468,349
77 $1,468,349 $102,784 $0 $151,465 $151,465 $1,419,668
78 $1,419,668 $99,377 $0 $155,858 $155,858 $1,363,187
79 $1,363,187 $95,423 $0 $160,378 $160,378 $1,298,233
80 $1,298,233 $90,876 $0 $165,029 $165,029 $1,224,080
81 $1,224,080 $85,686 $0 $169,814 $169,814 $1,139,951
82 $1,139,951 $79,797 $0 $174,739 $174,739 $1,045,009
83 $1,045,009 $73,151 $0 $179,807 $179,807 $938,353
84 $938,353 $65,685 $0 $185,021 $185,021 $819,017
85 $819,017 $57,331 $0 $190,387 $190,387 $685,962

* This chart reflects fixed annual rates of return, expense, and income growth. It is meant solely as a guide. It is not likely that these and
other variables will increase and decrease by a steady annual rate year over year.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to
provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All
examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals
regarding all personal finance issues.

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