ERISA Consultants  

 Over 20 years
in business

RETIREMENT INCOME CALCULATOR

This calculation is based on the following:

  1. Maximum 401(k) contribution for purposes of this illustration is $16,000 per year.
  2. The application will only perform computations up to the age of 90.
  3. SOCIAL SECURITY INCOME IS NOT INCLUDED. Given the uncertainty of the Social Security Fund, it's best not to include it in your retirement income plan.

Please enter the following data:

Current Age

Current Salary
 (limited to $210,000 in 2005)

Annual Gain on Investments Prior to Retirement % 

Retirement Age

Current 401(k) Plan Balance

Annual Gain on Investments During Retirement %

401(k) Contribution (as % of Salary)
(Dollar limit is $14,000 in 2005
$18,000 if over 50 year old)

Annual Retirement Income Goal - 
(In Today's Dollars)

Estimated Annual Raise %

Estimated Annual Inflation %

Use Annual Raise for adjusting Retirement Income Goal (before Retirement)


Use Inflation for adjusting Retirement Income Goal (before and after retirement)

Company Contribution (as % of Salary)

Maximum Company Contribution in Dollars (cannot exceed $28000)

Here are some helpful hints:

  1. Your Retirement Income Goal should be at least 50% of your Current Salary. Ideally, it should be 70% to 80% of your Current Salary (or more - depending on how you want to live in your golden years).

  2. Investing aggressively while you are young should allow you to invest more conservatively in later years.
  3. Contribute as much as you can right now!  The saying is true - "the more you make, the more you spend".  Don't anticipate that you will be in a better position to increase your contributions down the road when your income increases.  And remember that your contributions provide immediate value to due to the income tax savings. 
    4.

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