Retirement Planning Calculator
This calculator helps you to determine what sort of lifestyle you can expect
to have during retirement, by showing you your 401(k) account balance both before
and during retirement. The goal is to let you experiment with different savings
amounts so that you can see what effect they will have during your
years in retirement.
If you look at this table and see the retirement account value going negative at some point, it means you either need to:
- Increase the contribution to your 401(k) account
- Plan to work longer before retiring
- Scale back your desired retirement income
Calculators courtesy of BYG Publishing, Inc.