Your Current Age 22 Sex/Gender (Male, Female, Other) Male
Your Desired Age of Retirement 65 Life Expectancy 99
Annual Retirement Income Desired 65000 Number of Years Until Retirement 43
(in Today’s Dollars) 34 Length of Retirement (in Years)
Asset Allocation (%) Nominal Rate of 4.94%
Return After Fees (%) Canadian U.S. Foreign Emerging Fixed Real Rate of Return 2.88% Equities Equities Developed Market Income After Fees (%) Equities Equities Securities 20 20 20 40 Inflation Rate (%) 2%
Calculate income required for the first year of retirement?
MODE P/Y C/Y N I/Y PV PMT FV
END 1 1 43 2 -65000 0 152307.3081
Calculate savings required on first day of retirement to fund annual retirement income?
MODE P/Y C/Y N I/Y PMT FV PV
BGN 1 12 34 2.88 152307.9081 0 3351416.43
Calculate monthly savings required to fund retirement goal
MODE P/Y C/Y N I/Y PV FV PMT
END 12 12 516 4.94 0 3351416.43 1882.2
I will need to save $1882.2 per month to reach my retirement goal.