Calculators


Got a question that involves number crunching? Use the calculators on this page to find the mathematical answer to the most commonly asked number-crunching questions, and see your inputs displayed next to the graph, chart, and/or table output in a side-by-side display.

Calculator: Print This Page
Retirement Savings Calculator
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*Social Security income should be in future dollars. You can obtain an estimate of your future Social Security benefit by going to http://www.ssa.gov/OACT/quickcalc/index.html

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This calculator estimates the growth of your retirement savings and calculates how long your savings will last based on your forecast of retirement expenses and income.


Retirement Savings Chart
These charts illustrate an estimate of Retirement Savings and Expected Contributions based on the supplied data and the assumptions that follow.

Based on the inputs above, your retirement savings and expected contributions will not provide all of your retirement income needs.
Your savings will be exhausted by age 95.

Assuming your household income grows by 1% until your retirement and given a target goal of 50% of your preretirement income, your first year retirement income need is $62,218.

Of this, an estimated $24,000 will be provided by Social Security. The rest of your retirement income need of $38,218 will have to be met through income provided by your retirement funds, and principal distributions.



    Assumptions

  • Household income is your total household income, including your spouse's income. Your retirement savings are your total retirement savings, including both taxable and tax-exempt holdings. Your retirement age is the first year that you do not make retirement savings contributions and the first year you begin taking distributions from your portfolio.
  • The expected rate of return inputs are after-tax returns. Actual rates of return will be based on investments you hold in your retirement portfolio net of taxes and expenses.
  • The modeled Social Security income is based on your input for your Social Security income in your first year of retirement. Subsequent years are inflation adjusted based on your input for inflation. Actual Social Security benefit payments in future periods are based on official government cost-of-living adjustments.
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 IMPORTANT DISCLOSURES

Information provided by Registered Representatives of Midwestern Securities Trading Company, LLC is neither tax nor legal advice. Investors should speak to their tax professionals for specific information regarding their individual tax situations. Securities, Insurance, and Investment Advisory Services are offered through Midwestern Securities Trading Company, LLC (MSTC). Member FINRA/SIPC. MSTC and JGA are affiliated.

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These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

This communication is strictly intended for individuals residing in the state(s) of IL. No offers may be made or accepted from any resident outside the specific states referenced.