If you’re like many investors, you may find retirement planning complicated and nerve-racking. It means wading through piles of paperwork (or virtual paperwork), sorting through financial statements, thinking about your long-term health and making estimates about whether you will be able to live your life comfortably. You might even wonder if you can ever stop working.
Forecasting capital markets is never an exact science, so proper retirement planning should account for a variety of outcomes. That is where our online Retirement Planning Calculator can help. It easily estimates how certain changes can affect your retirement income, allowing you to consider different scenarios and whether you’ll have enough to support your lifestyle. Enter a few key variables, such as your current savings and expected performance of your investments, and our calculator quickly estimates how much annual income you can withdraw in retirement. Change any aspect, and the calculator adjusts accordingly.
While the results are strictly hypothetical, our Retirement Planning Calculator can help answer the following questions:
Keep in mind these important points when using our calculator:
We hope the information from our retirement planning calculator proves useful in weighing your options and encourages you to try our other calculators. Our goal with these tools is to help ease the stress of planning for retirement, allowing you to decide if your investing strategies are doing enough for you to reach your goals. However, remember that the results are hypothetical and don’t account for many personal factors. They should only be used for informational purposes.
If your current retirement plan isn’t yielding the results you need, we may be able to help. We have helped tens of thousands of investors navigate financial markets, developing strategies that can help them reach their goals. For detailed personalized recommendations on retirement planning, contact Fisher Investments to request an appointment.
*The contents of this article should not be construed as tax advice. Please contact your tax professional.