The Retirement Goals Calculator is an essential financial planning tool designed to help professionals and businesses accurately project retirement needs and establish achievable savings targets. This comprehensive calculator takes into account various factors including current age, desired retirement age, expected lifestyle costs, and anticipated investment returns to provide detailed retirement planning insights. Users can easily adjust multiple variables to create different scenarios and understand how various financial decisions impact their long-term retirement goals. Whether you’re planning for yourself or helping clients prepare for retirement, this calculator offers clear, actionable data to inform strategic financial decisions. Take control of your retirement planning today by utilizing this powerful tool to create a more secure financial future.
Use the Retirement Goals Calculator: enter your age, target retirement age, yearly spending, expected retirement income and an inflation rate. The tool returns your inflation-adjusted annual shortfall. Example: a 40-year-old aiming to retire at 67 with $55 000 expenses and $20 000 income needs about $51 600 per year. 53 % of U.S. workers fear outliving their savings (Schwab Retirement Study, 2023).
