Please enter your current age.
Please enter the age at which you will retire.
Please enter the number of years you want your retirement money to last.
Please enter a dollar amount for annual retirement needs.
Please enter a dollar amount for what you already have saved.
Please enter a dollar amount for what you save annually.
Please enter a percentage for your annual interest rate.
Sorry, you will never reach your goal.
You already have enough saved up!
Your investment will grow to surpass your goal without you needing to make any regular deposits.
Facts to keep in mind:
Life expectancies are rising as health care and medicine become more effective. The odds that one spouse in a marriage will live until the age of 90 is more than 50 percent!
When people retire, the income they need is normally 75% of their annual salary in the year before they retired.
A nursing home costs, on average, $40,000 per year.
Results
At your current savings rate, your annual retirement income will be $.
To reach your preferred level of retirement income, your yearly contributions should be $.
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