Retirement Savings Calculator
I can help you calculate how much you need to save for retirement! Here’s what I’ll need:
- Current Age: Your age now.
- Retirement Age: The age at which you plan to retire.
- Current Savings: The amount you have already saved for retirement.
- Monthly or Annual Savings: The amount you plan to save monthly or annually.
- Expected Rate of Return: The annual percentage rate you expect to earn on your investments (e.g., 5%, 7%).
- Retirement Duration: The number of years you expect to need retirement income.
- Desired Annual Retirement Income: The amount of money you want annually during retirement.
- Expected Inflation Rate: The annual percentage rate of inflation (e.g., 2%, 3%).
With this information, I can calculate how much you should save each month or year to meet your retirement goals. Feel free to provide as many details as you can!