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Hi all,
Does anyone know of a retirement calculator that can do the following:
1, allow for gradual increases in the amount added (ie, I add $4,00 per year + 10% more each year, starting 5 years from now)
2, Remove SS from consideration
3, Able to adjust inflation assumption
4, Able to put exact amount wanted in retirement (ie, not xx% of your salary)
My goal is to be able to say the following:
I'm currently xx age, spouse is xx age
My current salary is xx but I expect it to increase to xx in y years
I intend to retire by xx age, spouse will retire by xx age (independent numbers here)
I expect to live until xxx age
I will get no SS
I will assume inflation at xx (I want to be able to change this value)
I want $xx,xxx at retirement (ideally I can change this, ie, I need less as I age)
I am adding $xxxx now but will increase to $xxxx over so many years.
Any thoughts? does this make sense? Really, I just want to reassure myself that even if we can't afford to max out our Roths now (grad students), we will not be eating cat food in 40 years!
Does anyone know of a retirement calculator that can do the following:
1, allow for gradual increases in the amount added (ie, I add $4,00 per year + 10% more each year, starting 5 years from now)
2, Remove SS from consideration
3, Able to adjust inflation assumption
4, Able to put exact amount wanted in retirement (ie, not xx% of your salary)
My goal is to be able to say the following:
I'm currently xx age, spouse is xx age
My current salary is xx but I expect it to increase to xx in y years
I intend to retire by xx age, spouse will retire by xx age (independent numbers here)
I expect to live until xxx age
I will get no SS
I will assume inflation at xx (I want to be able to change this value)
I want $xx,xxx at retirement (ideally I can change this, ie, I need less as I age)
I am adding $xxxx now but will increase to $xxxx over so many years.
Any thoughts? does this make sense? Really, I just want to reassure myself that even if we can't afford to max out our Roths now (grad students), we will not be eating cat food in 40 years!
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