Retirement Calculator: Step-by-Step Guide


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The Retirement Calculator allows you to quickly provide the total amount of savings your client needs to meet their desired annual income in retirement. Follow the directions below:

  1. Enter all of the fields below: 
    • Your client’s desired annual income during their retirement.
    • Your client’s current age.
    • The age your client plans to retire. 
    •  The current amount of savings your client has for retirement.
    • The amount they have saved for retirement.
    • Their desired rate of return (%) before and after retirement.
  2. Click Calculate.

The results display the total amount of savings needed to meet the client’s desired annual income in retirement, the future value of their current savings at retirement, and the remaining savings required at retirement.  The tool then uses these assumptions to calculate the monthly savings needed to reach their goal.

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