How Will Inflation Affect My Retirement?
Calculator

We would all like to maintain a certain standard of living in retirement. Use this calculator to understand the effects of inflation on the income level you will need as you approach retirement.

Your Information

Current Age:

Retirement Age:

Life Expectancy:

Current Annual Income:

Income Needed at Retirement:

Inflation Rate:

Current Age

Enter your current age.

Retirement Age

Enter the age at which you wish to retire.

Life Expectancy

Enter the age you expect to live to.

Current Annual Income

Enter your current annual income.

Inflation Rate

Enter the inflation rate you want to use for these calculations. The historical average is 2-3%.

Percentage of Income Needed at Retirement

Enter the percentage of your current income you think you will need at retirement.

ResultsInformation Resources

Your Inflation-Adjusted Income

In order to maintain your standard of living during retirement with 75% of your current income, you will need the following inflation adjusted retirement incomes.

Retirement Income - Today:

Income Needed At Retirement:

Income at Life Age:

If You Retired Today

Your inflation adjusted income requirements if you retired today.

Income Needed At Retirement

Inflation adjusted income you will need at retirement.

Income You Need At Life Expectancy

Inflation adjusted income you will need at life expectancy.

ELGA Credit Union

Proudly providing savings and loan products to Individuals who live, work, worship, volunteer, or attend school within Genesee, Saginaw, Lapeer, Shiawassee, Oakland, and Livingston Counties

2303 S. Center Road
Burton, MI 48519
(800) 882-6457
www.elgacu.com

Resources

IRS.gov's "Retirement Plans Community" provides several retirement planning resources, including a cost-of-living increase section.

WSJ.com's "Retirement Planning" section offers articles on all aspects of retirement planning, including 401(k)s, investing, and other ways to supplement social security benefits.

U.S Department of Labor's "Taking the Mystery Out of Retirement Planning" is an online booklet that includes interactive worksheets. Download the fully illustrated 62-page Adobe PDF narrative or call to order copies.

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How Will Inflation Affect My Retirement? Calculator

Your Information

Your Inflation-Adjusted Income

Resources

How Will Inflation Affect My Retirement?
Calculator