Start Now to Plan for Retirement

For the following retirement example, use the link below to calculate your answer. Enter your answer in the Activity.

After you retire, if you want to have $50,000 per year for 20 years (or a total of $1,000,000), how much will you need to save or invest every month until then? Enter the following:

1. Your current age,
2. You retire at age 65,
3. The interest rate you earn is 7%,
4. You want $50,000 Desired Gross Retirement Income Per Year,
5. You want the money to last 20 years after you retire.
6. Then click SUBMIT for your answer: "...you will need to start investing $______ a year."

Retirement Calculator

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