It’s sometimes difficult to look into the future and plan for your retirement. And now that you are retired, you may be wondering if you planned successfully in order to ensure your savings will sustain your living expenses for as long as you need. Use this calculator to help determine how long your retirement savings will last.
Monthly Retirement Income
Enter the amount you need monthly during retirement.
Income Growth Percentage
Enter the percentage by which you expect your income needs to grow during retirement.
Monthly Social Security Income
Enter the monthly social security income you will receive during retirement. You can find this information on your yearly social security statement.
Social Security Annual Percentage Growth
Enter the rate at which you expect social security benefits to increase during your retirement.
Monthly Pension Income
Enter any monthly pension income you will receive during retirement.
Pension Income Annual Percentage Growth
Enter the annual rate you expect your pension income to increase during retirement.
Other Monthly Retirement Income
Enter any other monthly income you will receive during retirement.
Other Income Annual Percentage Growth
Enter the annual rate you expect your other retirement income to increase during retirement.
Current Retirement Savings
Enter the amount you currently have saved for retirement.
Post-Retirement Rate of Return
Enter the rate of return you expect to achieve after retirement on your investments.
Cedar Point Federal Credit Union serves the Community of Southern Maryland. If you live, work, worship, go to school, or regularly conduct business in St. Mary's, Calvert, or Charles County, you and your family are invited to join Cedar Point. We also welcome local businesses and organizations.22745 Maple RdLexington Park, MD 20653-6305(301) 863-7071www.cpfcu.com
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