How Much Do I Need to Retire?
Your living expenses may increase or decrease at retirement but will likely not stay the same. You may travel more, or perhaps your house will be paid off. Use this calculator to compare your living expenses today and at retirement day. By doing this comparison, you can set a target retirement savings goal.
How Much Social Security Will I Get?
Depending upon your current earnings, Social Security can be a significant part of your retirement income. Many factors will impact the benefit you may receive. Use this calculator to approximate your Social Security benefit.
How Much 401K Income Will I Get?
It may surprise you how significant your retirement accumulation may become simply by saving a small percentage of your salary each month in your employer’s 401(k) plan. If your employer also matches the dollars you invest, it really can accumulate quickly. Use this calculator to estimate your monthly income during retirement generated by your 401(k) or other employer-based plan such as a 457 plan or 403(b) plan.
How Much Pension Income Will I Get?
If your employer provides a pension program, you will be offered a few payout options. For example, Single Life pays a higher monthly amount but stops paying once you die, whereas, the Joint Survivor will pay a lower monthly amount but will continue until both you and your spouse are deceased. This calculator will help evaluate total payout amounts under both scenarios given specified life expectancies.
Am I Saving Enough?
Are you saving enough for retirement? This pre-retirement calculator will help you determine how well you have prepared and what you can do to improve your retirement outlook. It is important that you re-evaluate your preparedness on an ongoing basis, as changes in your personal life or economic climate will impact your plan. Use this calculator to see if you will have enough money to retire at the age you desire.
I’m Retired; How Long Will My Savings Last?
It’s a blessing to have a long life. But many Iowans are running into the problem of outlasting their savings. Use this calculator to help determine when your retirement savings account may be depleted given a specified monthly income target. This calculator works nicely if you or your spouse has a pension, or one of you may work part-time, or you have rental properties to supplement your monthly income.
I Have Not Saved; If I Start Today, How Much Will I have at Retirement?
It’s never too early or too late to start saving for a secure future. A penny saved is a penny earned, but a penny saved today is a penny potentially earning more. Use this calculator to determine how much more you could accumulate at retirement by beginning your savings plan today rather than waiting.
I Won’t Have Enough Money to Retire?
Many Iowans will need to work at least some hours during their retirement years. Learn how to redefine your retirement and other tips to stretch social security income and the limited retirement dollars you have saved.