As you approach retirement, it’s important to know how your retirement savings will translate into a monthly income. That’s where our Retirement Income Calculator comes in. The free tool will estimate your monthly income based on your current retirement balance, age and other factors.
Ready to get started? Simply enter a few details into the calculator:
- Your current retirement savings balance
- How much you save toward retirement each year
- Your current age and expected retirement age
The more info you provide, the more accurate your estimate could be. You can also include:
- Your projected rate of return on your investments before and during retirement
- Your current and retirement tax rates
- Expected inflation rate
Feel free to play with the numbers to see how changes in your savings or retirement age impact your monthly income. Now, go ahead—peek into your financial crystal ball. Discover the monthly income your hard-earned savings could provide.
Have questions? We’re here to help you prepare for your dream retirement. You can give us a call at 800-373-7600.
More for you: You can also calculate how long your retirement savings could last with this calculator!
