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Sunday, April 23rd, 2006: Page updated at 12:00 AM

How much do you need for retirement?

Note: This calculator, based on data from numerous sources, is intended to provide a rough idea of what your financial needs will be in retirement. It presents its calculation in today’s dollars and assumes that you are not yet retired. The Seattle Times strongly encourages consulting various sources and methods in planning for your retirement.

Enter your information below:

Your current age: 
The age you’ll be when you plan to retire: 
Current annual gross income for your household:$
Percentage of your current annual gross income you’d like to use as your goal for retirement:  %

(Note: According to most financial advisors, you will need at least 70 percent of your pre-retirment earnings to comfortably maintain your current standard of living.)  
Your retirement savings to date (not including pensions):$
Amount of annual income you expect to receive from pensions (not including Social Security):$
Amount of income you expect to receive annually from Social Security.$
(Note: Leave this blank if you don’t want to include Social Security in this calculation. To get an SSA estimate based on your earnings, visit the SSA Web site.)  
Your expected number of years in retirement: 
The expected inflation rate:  %
(Note: Based on the Consumer Price Index, the average inflation rate in the United States since 1913 has been 3.3 percent.)  
Your expected return on investments BEFORE retirement:  %
Your expected return on investments DURING retirement:  %
  
Total amount you’ll need at retirement:$
Total amount you’ll need to save annually for retirement:$
  

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