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Waddell & Reed Wisconsin-Iowa Complex

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  • .tf-label { display: none; }    Phone: 262-521-9492 Ext: 214 | jrewatson@wradvisors.com

How Much Will Your Retirement Cost?

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.

 
 
 

Your Results

Examine these results carefully. As you can see, there is a lot of information to consider and the numbers may look large.

The annual income that you will need in your first year of retirement: $0.00
When you begin retirement, you will need to have the following amount saved: $0.00
Assuming no additional contributions, your current savings will grow to: $0.00
Without additional savings, you will have a shortfall of: $0.00
You will need to save the following percentage of your salary each year: 0%
In the first year, this works out to: $0.00

The Cost of Procrastination

How much do you need to save each year to provide your desired retirement income? This graph shows the amount you would have to save each year to work toward your goal, at the rate of return you entered, if you started saving today, and if you wait five years to start saving. As you can see, waiting just a few years can have a substantial impact on the amount you need to save.

The amount accumulated if you started saving today is $0.00. The amount accumulated if you save the same annual amount at the same annual return, but wait five years to start is $0.00.

 

The information provided is not specific investment advice, a guarantee of performance, or a recommendation. Rates of return will vary over time, particularly for long–term investments. Investments offering the potential for higher rates of return also involve a higher degree of risk.

This hypothetical example is used for illustrative purposes only. Actual results will vary.

The information in this calculator is not intended as tax or legal advice, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek tax or legal advice from an independent professional advisor. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.

This material was written and prepared by Emerald Connect, LLC.
© 2018 Emerald Connect, LLC. All Rights Reserved.

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Contact Us

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  • E-mail address: jrewatson@wradvisors.com

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Insurance products are offered through insurance companies/agencies with which Waddell & Reed has sales arrangements.

Investment and Insurance products offered through Waddell & Reed, Inc.: Not FDIC/NCUA Insured • No Bank Guarantee • May Lose Value

The information on this site is for general informational and educational purposes only and is not to be considered an individualized recommendation or personalized investment advice. Please consult a professional prior to making financial decisions and keep in mind that investing involves risk including the potential to lose principal.

This site is published for residents of the United States only. Financial Advisors of Waddell & Reed, Inc. may only conduct business with residents of the states and/or jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all of the products and services referenced on this site may be available in every state and through every advisor listed. For additional information please contact the advisor(s) listed on the site, visit the Waddell & Reed, Inc. corporate site at www.waddell.com, or contact the Waddell & Reed compliance department at 800-532-2762.

Much of the content provided on this site written and provided by Emerald Connect, LLC. Waddell & Reed, Inc. and Emerald Connect, LLC are not affiliated companies.

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