Our Methodology: How Our Retirement Calculator Predicts Your Savings Inflation is a sustained increase in the general price level of goods and services in an economy over time. This is a conservative estimate based on historical financial data. Add anticipated investment rate of return: Our calculator assumes a 5% rate of return on investment.In this cell, enter life expectancy – and plan for a long retirement! Fill in life expectancy: Thanks to the advancement of new technologies and better healthcare, we’re living longer lives.If you plan on retiring younger, you may decide to contribute more to your retirement savings each month. If you plan on working longer, you’ll have more time to save. Add the age at which you hope to retire: The average age of retirement is 62.If you don’t know this amount or don’t want to count on this income put $0. Fill in other expected income : In this cell, add the monthly total of any other expected income, such as pension or Social Security benefits.So, if you make $4,000 per month now, your planned retirement spending would be: Enter your planned monthly retirement spending: This can vary based on your expectations for retirement, but some financial experts recommend living on 80% of your current income.If you don’t already contribute to your retirement fund on a regular basis, enter the amount you plan to contribute moving forward. Enter how much you save for retirement monthly: In this cell, indicate how much you regularly contribute to your retirement plan on a monthly basis.If you have not yet started saving for retirement, put zero (don’t worry, with our calculator you’ll soon be well on your way!). Enter your current savings : Input your current retirement savings.Enter your pre-tax income : Fill in this cell with your annual salary before taxes.Not an offer, solicitation of an offer, or advice to buy or sell securities in jurisdictions where Allio Advisors is not registered.Our retirement savings calculator is easy to use, and provides straightforward results to help you maximize your saving efforts. Past performance does not guarantee future results, and the likelihood of investment outcomes are hypothetical in nature. For more details, see our Form CRS and other disclosures. They are not intended to provide comprehensive tax advice or financial planning with respect to every aspect of a client's financial situation and do not incorporate specific investments that clients hold elsewhere. Allio's internet-based advisory services are designed to assist clients in achieving discrete financial goals. Before investing, consider your investment objectives and Allio's charges and expenses. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Investments in securities: Not FDIC Insured The articles and customer support materials available on this property are educational only and not investment or tax advice.Īdvisory services provided by Allio Advisors LLC, an SEC-registered investment adviser. This property and any marketing on the property are provided by Allio Advisors LLC. Be sure to review your decisions periodically to make sure they are still consistent with your goals. Results may vary with each use and over time.Īs with all your investments through Allio Advisors, you must make your own determination whether an investment in any particular security or securities is consistent with your investment objectives, risk tolerance, financial situation and your evaluation of the security. IMPORTANT: The projections or other information generated by Allio Advisors, its support materials, and this Retirement Calculator regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results.
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