Retirement Calculators is an ideal app to understand your needs for retirement using two different approaches to help you pinpoint exactly what you need to do to live comfortably.
Are you looking for a simple retirement calculator? I got swamped as I began looking for retirement planning calculators and software. What I really wanted was a spreadsheet for calculating a simple annuity (interest earned plus annual payments), comparing the total amount invested up until retirement to the amount earned in interest. I couldn't find what I wanted, so I went ahead and created my own.
Estimate the future value of your retirement savings, based on a starting balance, expected interest rate, and annual investments. Compare total payments to interest earned. Run simulations with random annual interest rates and a variable number of annual payments.
How much income do you need to be able to live comfortably? How about when you retire? Are you saving enough now to make sure you can retire comfortably? With the future of Social Security in question, pro-active planning and saving for retirement has become more important than ever!
This Calculator 2 you first decide how much you will need to live comfortably per year during your retirement. After entering the required variables this app will tell you not only how much you need to have in your account when you retire, but also what you need to start saving TODAY in order to get there!