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Retirement Planning Calculator

  1. Background
  2. Estimates
  3. Investments I
  4. Investments II
  5. Results

Detailed Analysis — Estimates

4. Expected Annual Salary Raise

5. Hypothetical Annual Inflation Rate

Inflation

Inflation has averaged about 4% per year over the past 50 years.

6. Age at Which You Plan to Retire

When Will You Retire?

Full retirement benefits from Social Security for eligible workers could start at age 66 or later, depending on your year of birth.

7. Number of Years You Plan to Be Retired

Life Expectancy

You might spend 20 years or more in retirement. Use the Life Expectancy Table as a guide.

8. Annual Income You Want in Retirement

Percentage of Current Desired Annual Income in Retirement
× $0 = $

Desired Retirement Income

According to many financial professionals, you may need 80% or more of each year in retirement.

9. Estimated Annual Social Security Benefit

Social Security Benefits

More accurate estimates are available from the U.S. Social Security Administration.

10. Expected Annual Income from Defined Benefit Pensions or Pension Annuities in Retirement (Excluding Social Security)

If you don’t qualify for an employer’s defined benefit plan, leave the field blank or enter “0.”

This calculator is for illustrative purposes only and is not intended to provide investment advice or portray actual investment results. Your financial situation and goals may change, so you might want to revisit the calculator at least once a year. Be sure to discuss your results with your financial professional.

The calculator does not take certain factors into account, including early withdrawal penalties, required minimum distributions and holding periods. Regular investing does not ensure a profit or protect against loss. Hypothetical annual rates of return are not intended to reflect actual results; your results may vary based on market conditions. The calculator compounds earnings annually and assumes that withdrawals are made at the beginning of the year.

This analyzer was developed by KJE Computer Solutions, which is not affiliated with American Funds. It is intended for use in making a rough estimate of retirement savings plans. We do not guarantee the accuracy of the results or their relevance to your particular circumstances.