Simple Calculation Only have a few minutes?Try our quick, 1-step calculator. Detailed Calculation Really want to dig in to your retirement numbers? Get Started here with a more robust calculator. About You Date of Birth MM 1 2 3 4 5 6 7 8 9 10 11 12 DD 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 YEAR 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 1970 1969 1968 1967 1966 1965 1964 1963 1962 1961 1960 1959 1958 1957 1956 1955 1954 1953 1952 1951 1950 1949 1948 1947 1946 1945 1944 1943 1942 1941 1940 1939 1938 1937 1936 1935 1934 1933 1932 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY What's your investment tolerance? Low Medium High Where are you in the retirement process? Saving for Retirement Preparing for Retirement Living in Retirement Are you currently working with a financial advisor? Yes No What is your current Monthly Income? Your Estimated Monthly Income Enter what you'll receive from Social Security, pensions, and any part-time work or rental income on a monthly basis in your retirement. Social SecurityEstimate www.ssa.gov Social Security Spouse Rental Income Pension 1 Pension 2 Other Total Expected Monthly Income in Retirement This amount represents the total of all income you have or expect. Your Current Monthly Expenses Input all of your current monthly expenses. If something doesn't fit in the categories below, just add it to the "Other" total. Housing Utilities Transportation Personal Health Daily Living Expenses Food & Entertainment Other Total Monthly Expenses This amount represents the total of all expenses you have or expect. Retirement Results and Summary First Name Years Until Retirement YEARS 30 29 28 27 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 Estimated Monthly Income Current Monthly Expenses Monthly Difference Annual Difference Current Total Assets Average Savings Rate** 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% Thank You for using our retirement calculator, complete the form to the left to get your results. CIA can help build you a cash flow plan to systematically be investing the proper assets in the proper investments and across the best accounts. CONGRATULATIONS! You already have saved enough assets to retire based on CIA’s recommended 4% rule. Now you need to make sure that your assets are correctly allocated for you to generate the income you need to live on throughout retirement. Having a proper mix of income to growth investments is key to generating consistent cash flow to supplement other income sources while retired. CONGRATULATIONS! You have enough income to cover all of your monthly expenses and needs. You have so many options regarding how to invest your assets. Our assets are likely a cushion for you and this gives you flexibility regarding your asset collection. We would be happy to help you understand your different options. Keep Saving Based on your inputs, it looks like you need to save the below amount annually to retire with the lifestyle you’ve outlined by your set retirement date. Many financial planning studies give 4% as the standard withdrawal rate in retirement. However, your monthly expenses are higher than the income you’d generate from your current assets. You can adjust the suggested annual savings amount below by altering one of the following inputs: expenses, income, or rate of return on your investments. This calculator is an estimate of your expenses and income mix. Congratulations You have saved enough assets to comfortably retire based on CIA’s recommended 4% withdrawal rate rule. Now you need to be sure that your assets are correctly allocated for you to generate the investment income you’ll need throughout retirement. Having a proper mix of dividends, interest, and distributions from your investments is key to generating consistent cash flow to supplement other income sources while retired. Schedule an appointment with one of our financial advisors today if you’d like help becoming an income investor. Great Work You have enough income to cover all of your monthly expenses and needs. This gives you many options regarding your strategy for your investible assets. Because your income will not require you to draw down on your investments, they’re likely a cushion for you which gives you flexibility regarding your assets allocation. We would be happy to help you understand your different investment strategy options. Schedule your appointment today. Yearly Savings Required to Achieve Retirement Want to discuss your options? Speak With an Advisor Meet With an Advisor *This rate of return is very much dependent on an individual investors risk tolerance, but ultimately, many financial planning studies cite 4% as an acceptable withdrawal rate over a 30 year retirement with average inflation affecting recurring income needs. Please note that this is simply a worksheet which the results are completely dependent upon the user's input. The results or returns are not expectations or assumptions of Capital Investment Advisors. Please consult your personal financial advisor who knows details of your situation before assuming no assets or exceedingly high assets are needed to achieve retirement results. Many factors must be taken into account that are ignored in this worksheet including insurance, health, risk tolerance, time horizon, return expectations, etc. It is very important that before choosing any investments to consult directly with a financial advisor and not rely on online tools such as this one. Nothing in this calculator should be considered a guarantee. This calculator does not take into account future tax law changes or current status. This data is based on historical information and is no guarantee of future performance or outcomes. This should not be used as your final determining factor for any decision you are making. A client must continuously review their situation.