Retirement Saving Calculator
This retirement saving calculator is easy to use, yet has many features that allow you to enter as much or as little information as you want to get a realistic picture of your retirement needs.
Besides basic information such as the current amount of your retirement savings, expected rate of return, retirement age, life expectancy, rate of inflation, and desired retirement income, you can enter many optional fields.
One feature that I especially like is the ability to enter up to three types of incomes that you may receive during your retirement years. These sources could be any kind of regular income such as a pension, Social Security benefit, part-time job, or a small business. The retirement calculator also lets you fill in specific descriptions for these types of incomes.
You can also see how an infusion of cash from a one-time event such as an inheritance or sale of a home will factor in to your retirement picture.
After entering your information, the retirement income calculator will create a year-by-year report of your financial picture in retirement, which you also have the option of printing.