I'm Retired, How Long Will My Savings Last? Calculator
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.
South Florida Educational Federal Credit Union primarily serves the employees and students of the Miami-Dade County Public Schools and Miami Dade College. Others that may join South Florida Educational include: close relatives of members, employees at Charter Schools sponsored by M-DCPS as well as a few specific groups listed on the credit union’s website. Originally founded in 1935, the credit union has continued to maintain a strong focus on financial education and the education community.7800 SW 117th AveMiami, FL 33183-3825(305) 270-5250www.sfefcu.org
AARP is a nonprofit, nonpartisan membership organization
that helps people 50 and over improve the quality of their lives.
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