The following is a projection model which shows how your savings
will grow in the future. The projection uses the following assumptions:
Inflation is not factored in (before or after retirement)
Rates of return examples are limited to 9% before and 5% after retirement
Years in the projection are shown in whole year increments
Starting account balances are rounded to the nearest $10,000
Annual contributions are rounded to the nearest $500
Current Age:
35
Account Balance:
$
100,000
Annual Contribution:
$
2,000
Annual Contribution Increase:
(ie, salary increase)
2
%
Rate of Return:
3
%
Projection Years:
(age
65
)
30
Projected Balance:
$
0
Distributions:
To determine how your projected balance will pay out,
set an anticipated rate of return, then slide either the
years worth of payments to get a monthly amount, or
slide the monthly amount to get the years.
Retirement Rate of Return:
2
%
Years worth of monthly payments:
(to age
90
)
25
Monthly payment:
500
redrawing...