Cost of Retirement  
Estimating how much income you will need in retirement — and determining whether your current program of savings and investments can provide that income — is a good start to developing a retirement plan. This calculator is designed to help you estimate how much income you may need in retirement and the savings necessary to produce that income.
     

1. What is your current age?

2. What is your household's current annual income?

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3. How much do you currently have set aside for retirement?

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4. What percentage annual raises do you expect?

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5. At what age do you expect to retire?

6. How many years do you expect to spend retired?

7. What percentage of your pre-retirement income do you expect to need during retirement?

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8. What after-tax return do you expect on your investments between now and retirement (0 to 10 percent)?

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9. What after-tax return do you expect on your investments during retirement (0 to 10 percent)?

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Jeff Zemito is a registered representative of and offers securities, investment advisory and financial planning services through MML Investors Services, LLC Member SIPC Supervisory office 1660 West 2nd Street Suite 850 Cleveland, OH 44113-1454 216-621-5680

I am licensed to sell insurance products in Florida, Georgia, Michigan, Ohio, Pennsylvania and South Carolina.  I am registered to offer securities in Ohio.  I cannot communicate with, nor respond to, requests from users who reside in states where I am not licensed to conduct insurance and/or securities business. CRN201402-157037 

 

 

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. Massachusetts Mutual Life Insurance Company assumes no liability for the use of or reliance on these calculators.