Use our FREE interactive calculators to help with your retirement planning!


PENSION PLAN CALCULATOR - INDIVIDUAL

The Pension Calculator - Individual allows you to calculate the MINIMUM, RECOMMENDED, and MAXIMUM possible contributions to a conventional defined benefit pension plan for an individual, given certain key pieces of information:

  • Current Age

  • Retirement Age

  • Annual Compensation (or earned income for a sole proprietor)

  • Years of past service with the employer

  • Year in which the plan is effective

This contribution calculation assumes a NEW PLAN in the first year of operation.  In subsequent years, the contribution range may change slightly due to a number of factors, including investment performance, change in pay, and changes in legal benefit limits.


PENSION PLAN CALCULATOR - EMPLOYER

Pension Calculator - Employer, 2016 Edition

Pension Calculator - Employer, 2017 Edition

The Pension Calculator allows you to manipulate an Excel spreadsheet to calculate the MINIMUM, RECOMMENDED, and MAXIMUM possible contributions to a conventional defined benefit pension plan for an entire employee group, given key census information on all eligible employees:

  • Dates of Birth and Hire

  • Annual Compensation

This contribution calculation assumes a NEW PLAN in the first year of operation.  In subsequent years, the contribution range may change slightly due to a number of factors, including investment performance, change in pay, and changes in legal benefit limits. Each spreadsheet is for a new plan in the year shown - spreadsheets for subsequent plan years will become available as the new benefit limits are announced each year. You may save this spreadsheet on your computer for future use.


RETIREMENT SAVINGS CALCULATOR

The Retirement Savings Calculator figures out how much money you will need to retire comfortably and then tells you what percentage of your pay you will need to save to achieve that goal.   You will need to enter some important facts and assumptions, such as:

  • Your current age

  • Your current annual compensation (or earned income for a sole proprietor)

  • The current balance of your IRA's, 401k's, and any other retirement savings accounts

  • Your desired retirement age

  • Your desired annual retirement income

  • Assumed annual rate of salary increase

  • Assumed annual rate of investment income


WHEN WILL I RUN OUT OF MONEY?

Retirement Savings Speculator

The Retirement Savings Speculator allows you to determine if and when you will run out of money after retirement. Given your retirement age and an estimate of your life expectancy (which can be determined from the US Life Expectancy Tables), you can determine if the money you have saved at retirement will last the rest of your life. This is an Excel spreadsheet that you may save to your desktop.