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Call Us, We’re Local!
616-965-6275
How much should you save for retirement?
Below you’ll find our retirement calculator. This calculator assumes a 7% return* compounded monthly on your total savings. The yearly income is based on 10% of your total money saved. Play around with the numbers to get an idea of what you should be saving monthly to create an income for yourself when you retire.
35
Years to Retirement
800
Monthly Investment
Estimated Yearly Income$
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*This calculator assumes a 7% return compounded monthly on total money saved. The yearly income assumes a 10% withdrawal of the total principal accumulated at the end of the savings period. The tax calculation is estimated based on the federal tax brackets for 2018. Many factors can affect the amount of taxes that are required. This does not represent any specific investment product or vehicle and is for illustration purposes only. Please contact a member of our team for a more specific calculation.
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