12/9/2014

Retirement Nestegg Calculator

Retirement Nestegg Calculator

You may need a nestegg of $3,287,327 to retire at age 67.

This is based on retirement expenditures of $111,898 per year. This amount is 90% of your projected last working year's
income of $124,331. If you receive $0 per year from Social Security and if your current savings of $0 earns 7% annually,
you will need to accumulate an additional $3,287,327 by the time you retire. This would require saving $10,716.58 per
year ($893.05 per month) for 47 years.

You need to save $893 per month to meet your retirement needs.

Results Summary
Projected nestegg required

$3,287,327

Projected nestegg required if you receive $0 per year from Social Security

$3,287,327

Projected additional savings required after $0 per year from Social Security
and current savings of $0 earning 7% annually

$3,287,327

http://www.dinkytown.net/java/RetirementNestegg.html

1/4

12/9/2014

Retirement Nestegg Calculator

Retirement Plan Inputs

Current age

20

Age of retirement

67

Household income

$50,000

Current retirement savings

$0

Expected income increase

2%

Years of retirement income

35

Income required at retirement

90%

Investment Returns and Inflation

Rate of return before retirement

7%

Rate of return during retirement

4%

Expected inflation rate

3%

Are you married?

no

Include Social Security?

no

Result Summary
Years until retirement

47

Your last year's income

$124,331

Estimated annual retirement expenditures

$111,898

Your ending balance

$0

Balances by year with no future savings*

Age

Beginning
Retirement
Balance

Investment
Growth

Retire
with 90%
of Income

Retirement
Account
Withdrawals

Ending
Retirement
Balance

21

$0

$0

$0

$0

$0

22

$0

$0

$0

$0

$0

23

$0

$0

$0

$0

$0

24

$0

$0

$0

$0

$0

25

$0

$0

$0

$0

$0

26

$0

$0

$0

$0

$0

27

$0

$0

$0

$0

$0

28

$0

$0

$0

$0

$0

29

$0

$0

$0

$0

$0

30

$0

$0

$0

$0

$0

31

$0

$0

$0

$0

$0

32

$0

$0

$0

$0

$0

33

$0

$0

$0

$0

$0

34

$0

$0

$0

$0

$0

35

$0

$0

$0

$0

$0

36

$0

$0

$0

$0

$0

37

$0

$0

$0

$0

$0

38

$0

$0

$0

$0

$0

39

$0

$0

$0

$0

$0

http://www.dinkytown.net/java/RetirementNestegg.html

2/4

12/9/2014

Retirement Nestegg Calculator

40
41

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

42

$0

$0

$0

$0

$0

43

$0

$0

$0

$0

$0

44

$0

$0

$0

$0

$0

45

$0

$0

$0

$0

$0

46

$0

$0

$0

$0

$0

47

$0

$0

$0

$0

$0

48

$0

$0

$0

$0

$0

49

$0

$0

$0

$0

$0

50

$0

$0

$0

$0

$0

51

$0

$0

$0

$0

$0

52

$0

$0

$0

$0

$0

53

$0

$0

$0

$0

$0

54

$0

$0

$0

$0

$0

55

$0

$0

$0

$0

$0

56

$0

$0

$0

$0

$0

57

$0

$0

$0

$0

$0

58

$0

$0

$0

$0

$0

59

$0

$0

$0

$0

$0

60

$0

$0

$0

$0

$0

61

$0

$0

$0

$0

$0

62

$0

$0

$0

$0

$0

63

$0

$0

$0

$0

$0

64

$0

$0

$0

$0

$0

65

$0

$0

$0

$0

$0

66

$0

$0

$0

$0

$0

67

$0

$0

$111,898

$0

$0

68

$0

$0

$115,254

$0

$0

69

$0

$0

$118,712

$0

$0

70

$0

$0

$122,273

$0

$0

71

$0

$0

$125,942

$0

$0

72

$0

$0

$129,720

$0

$0

73

$0

$0

$133,611

$0

$0

74

$0

$0

$137,620

$0

$0

75

$0

$0

$141,748

$0

$0

76

$0

$0

$146,001

$0

$0

77

$0

$0

$150,381

$0

$0

78

$0

$0

$154,892

$0

$0

79

$0

$0

$159,539

$0

$0

80

$0

$0

$164,325

$0

$0

81

$0

$0

$169,255

$0

$0

82

$0

$0

$174,333

$0

$0

83

$0

$0

$179,563

$0

$0

84

$0

$0

$184,950

$0

$0

85

$0

$0

$190,498

$0

$0

86

$0

$0

$196,213

$0

$0

87

$0

$0

$202,099

$0

$0

http://www.dinkytown.net/java/RetirementNestegg.html

3/4

12/9/2014

Retirement Nestegg Calculator

88

$0

$0

$208,162

$0

$0

89

$0

$0

$214,407

$0

$0

90

$0

$0

$220,839

$0

$0

91

$0

$0

$227,465

$0

$0

92

$0

$0

$234,289

$0

$0

93

$0

$0

$241,317

$0

$0

94

$0

$0

$248,557

$0

$0

95

$0

$0

$256,013

$0

$0

96

$0

$0

$263,694

$0

$0

97

$0

$0

$271,605

$0

$0

98

$0

$0

$279,753

$0

$0

99

$0

$0

$288,145

$0

$0

100

$0

$0

$296,790

$0

$0

101

$0

$0

$305,693

$0

$0

102

$0

$0

$314,864

$0

$0

*Understand that the likelihood of this scenario unfolding exactly as portrayed is extremely remote. It is based on the
assumption that fixed rates of return, that don't vary from year to year, will apply to your entire retirement portfolio.

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. 1998-2012 KJE Computer
Solutions, LLC

http://www.dinkytown.net/java/RetirementNestegg.html

4/4