Retirement Calculator

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Will you have enough money to retire? Capital Investment Advisors has created a retirement calculator to help you create a secure financial plan. Simply answer a few questions, enter your estimated monthly income in retirement and current expenses.

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Only have a few minutes?
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Calculation

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About you

Date of Birth

What's your investment tolerance?

Low

Where are you in the retirement process?

Saving for Retirement
Preparing for Retirement
Living in Retirement

Are you currently working with a financial advisor?

Yes No

What is your current Monthly Income?

Your Estimated Monthly Income

Enter what you'll receive from Social Security, pensions, and any part-time work or rental income on a monthly basis in your retirement.

Social Security
Estimate www.ssa.gov

Social Security Spouse

Rental Income

Pension 1

Pension 2

Other

Total Expected Monthly Income in Retirement
This amount represents the total of all income you have or expect.

Your Current Monthly Expenses

Input all of your current monthly expenses. If something doesn't fit in the categories below, just add it to the "Other" total.

Housing

Utilities

Transportation

Personal

Health

Daily Living Expenses

Food & Entertainment

Other

Total Monthly Expenses
This amount represents the total of all expenses you have or expect.

Retirement Results and Summary

First Name

Years Until Retirement

Estimated Monthly Income

Current Monthly Expenses

Monthly Difference

Annual Difference

Current Total Assets

Average Savings Rate**

Thank You for using our retirement calculator, complete the form to the left to get your results.

Based upon the information you entered, it appears you should continue saving to prepare for retirement. CIA can help you build a cash flow plan to systematically invest in assets tailored to your goals and objectives.

Schedule an appointment with one of our financial advisors today if you’d like help becoming an income investor.

CONGRATULATIONS!
Based upon the information you entered, you have saved enough assets to retire assuming a 4% withdrawal rate. Many financial planning studies give 4% as the standard withdrawal rate in retirement as a general guideline.

The next step is to determine if your assets are allocated for you to generate income you need to live on throughout retirement. Having a mix of income to growth investments is key to generating consistent cash flow to supplement other income sources while retired.

Schedule an appointment with one of our financial advisors today if you’d like help becoming an income investor.

CONGRATULATIONS!
Based upon the information you entered, you should have enough income to cover your monthly expenses and needs. You have many options regarding how to invest your assets. We would be happy to help you understand different investment options.

Schedule an appointment with one of our financial advisors today if you’d like help becoming an income investor.

Keep Saving

Based on your inputs, it looks like you need to save the below amount annually to retire with the lifestyle you’ve outlined by your set retirement date. Many financial planning studies give 4% as the standard withdrawal rate in retirement as a general guideline. However, your monthly expenses are higher than the income you’d generate from your current assets.

You can adjust the suggested annual savings amount below by altering one of the following inputs: expenses, income, or rate of return on your investments. This calculator is an estimate of your expenses and income mix.

Schedule an appointment with one of our financial advisors today if you’d like help becoming an income investor.

Congratulations
Based upon the information you entered, it appears you have saved enough assets to comfortably retire assuming a 4% withdrawal rate. Many financial planning studies give 4% as the standard withdrawal rate in retirement as a general guideline. The next step is to determine if your assets are allocated for you to generate the investment income you’ll need throughout retirement. Having a mix of dividends, interest, and distributions from your investments is key to generating consistent cash flow to supplement other income sources while retired.

Schedule an appointment with one of our financial advisors today if you’d like help becoming an income investor.

Great Work
Based upon the information you entered, it appears you have enough income to cover all your monthly expenses and needs. This gives you many options regarding the strategy for your investible assets. Because your income currently does not require you to draw down on your investments, they’re likely a cushion for you which gives you flexibility regarding your assets allocation.

We would be happy to help you understand your different investment strategy options. Schedule your appointment today.

*This information is provided to you as a resource for informational purposes only and should not be viewed as investment advice or recommendations. The rate of return is very much dependent on an individual investors risk tolerance, but ultimately, many financial planning studies cite 4% as an acceptable withdrawal rate over a 30-year retirement with average inflation affecting recurring income needs. Please note that this is simply a worksheet which the results are completely dependent upon the user's input. The results or returns are not expectations or assumptions of Capital Investment Advisors. Please consult your personal financial advisor who knows details of your situation before assuming no assets or exceedingly high assets are needed to achieve retirement results. Many factors must be taken into account that are ignored in this worksheet including insurance, health, risk tolerance, time horizon, return expectations, etc. It is very important that before choosing any investment to consult directly with a financial advisor and not rely on online tools such as this one. Nothing in this calculator should be considered a guarantee. This calculator does not take into account future tax law changes or current status. This data is based on historical information and is no guarantee of future performance or outcomes. This should not be used as your final determining factor for any decision you are making. One must continuously review their situation as changes will occur.