I estimate my income will grow by
Play around with your anticipated retirement age (and/or boost your savings) to see what other scenarios are possible.
As a percentage of your annual salary
See how your earnings can grow off your initial investments. Learn more here.
As a percentage of your total income. Based on 3% growth rate, your income would be $217,371 at retirement.
Work longer, save more, or spend less to meet your retirement goal. Check out our retirement page for additional resources.
Calculations are assuming you are making contributions and taking withdrawals annually. Calculator results based on a Grownup living to 95. We assume a 3% inflation rate. Your contributions will increase at the same rate your income level increases. Social security kicks in at age 67 regardless of planned retirement age. 75% social security after 2037.
This interactive calculator is made available to you as a self-help tool for your independent use and is not intended to provide financial advice. We cannot and do not guarantee its applicability or accuracy in regard to your individual circumstances. Examples are for illustrative purposes. We encourage you to seek personalized advice from a qualified financial professional regarding all personal finance issues. Society of Grownups will assume no liability for the use of or reliance on this calculator.
The results of this analysis are based on assumptions of investment returns, inflation, taxes, and other economic conditions. These assumptions should be considered hypothetical in nature, and your actual results may vary. Investing entails the risk of market volatility, and past performance does not guarantee future results. These projections should be considered illustrative in nature and do not guarantee the achievement of overall financial objectives.
No more procrastinating: Blogger Stefanie O’Connell shares online tools and advice to get your finances in order—starting this week.