Monday, March 10, 2008

Will You Meet Your Retirement Savings Goal?

Meeting your retirement savings goal is a big deal. It can mean the difference between a comfortable and happy retirement and spending your golden years as a Wal-Mart greeter. I have created the simple calculator below to help me figure out if we are on track to meeting our retirement savings goal. I thought my readers would find it amusing as well.

To use the calculator plug in the various parameters - your current assets, your savings rate, your planned retirement age, your current age & your expected rate of return. To plug in the numbers double click on the various parameters, or simply click and drag the different values up or down. Enjoy, and let me know if you have any feedback.

Also, if you have an idea for an interesting personal finance calculator that you would like me to create, just let me know.

2 comments:

Master Your Card said...

This is a great tool, it certainly sent me into a bit of a panic as I am not saving anywhere near enough! I am hoping to pay off my mortgage and then start to get some assets to provide me with retirement income.

Shadox said...

Glad you enjoyed it!

Paying off that mortgage is probably the equivilent of saving for retirement right? You are eliminating what would otherwise be a monthly expense in your golden years.