Build savings for the future
See how your contributions can affect your retirement income
Years
Enter an age between 18 and 71 years and less than your retirement age.
Years
Enter an age between 50 and 71 years and greater than your current age.
Enter an age between 50 and 71 years and greater than your current age.
$
Enter an income between $1 and $1,000,000.
Enter an income between $1 and $1,000,000.
$ %
%
Enter between 1% and 15%.
Enter between 1% and 15%.
Click "Calculate" to see how your regular contributions can really add up.
Regular contributions can really add up. By the time you retire, you could save:
That works
out to
a year for
25 years
Want to save more?
Change your contributions and see what a difference it can make.
See more saving ideasFour tips to save more using your group plan(s):
- 1
Start investing now. The sooner you start, the more opportunity you have to grow your money.
- 2
Contribute as much as you can to make the most out of any amount your employer may match.
- 3
Increase your contributions when you can (e.g., when you get a raise).
- 4
Contribute more frequently, if your plan allows.
Assumptions
The estimated annual income is based on a complete withdrawal of the savings in your retirement year. It isn't a payout annuity.
Assumptions
- If the contribution amount is indicated as a percentage, the amount will be adjusted proportionately based on your salary increase.
- If the contribution amount is indicated as a dollar amount, this amount remains the same for the entire contribution period.
- Annual contributions are made at the beginning of the calendar year.
- Value of existing retirement savings = 0 (i.e., the age entered into the calculator is the year of the first contribution)
- Annual salary increase = 2.5%
- Years in retirement = 25 (i.e., retirement income stops after 25 years)
- Post-retirement rate of return = 5%