It simply begins with an Input Page
I’ve loaded a random age and values for an example
The inputs of the retirement calculator dump to a retirement worksheet which shows retirement account balances by age on the left and the blue section shows retirement account balances during retirement as withdrawals shown at the top are coming out. Do note on the input page the retirement withdrawal amount changes at age 80 which is also reflected in the table below.
The numbers at the top may be varied until the user is comfortable with when the retirement account balance is depleted, which is at age 89 in the above example. Now the retirement income at various ages may be seen.
The resulting retirement income is shown. Do note, once purchased this is your retirement guidance tool. Each year on your birthday input your retirement savings balance and yearly contribution amount by your age and see what changed. You may also try different scenarios of increasing your contribution, updating your Social Security benefit information, adjust the average growth of your retirement account – it’s all interactive.
Finally, your mortgage information. The result of the data entered on the input page is shown below. I did add an extra $100 a month on the payment to show that functionality.
Watch Video Below
What retirement calculator do you use to estimate your monthly retirement income? Click the button below to get yours today!