Retirement Goal Planner


 
How much can I save in a retirement plan? This calculator estimates how much a retirement plan may be worth at your retirement age. Please note that this calculator does not take into account any amounts to which you may be entitled under a defined benefit plan (i.e., pension plans, non-qualified deferred compensation plans, etc.). If you are eligible for retirement benefits under such plans, you should factor them in when determining your retirement savings goal. Also, you should be conservative in your estimate of the annual return that you anticipate on your retirement savings. Unreasonably high rates of return many not be sustainable over prolonged periods of time.

Complete the Retirement Goal Planner to learn more.

1.   What is your name?  
2.   What is your current age?   yrs.
3.  
 
What is your current salary?
(the amount reflected here is based on "prior year salary")
$  
4.   What is your estimated annual raise?   %
5.  
 
 
What is your retirement savings deferral rate, as % of salary? If your employer provides a 401(k) plan that includes a Roth 401(k) feature and you have contributed to it, then this value includes both your 401(k) and Roth Deferral.   %
6.   What are your employer contributions?
              a. Employer match?
                (i.e. 50% of first 6%)
% of  1st % of salary = $
              b. Profit sharing?   %
7.  
 
 
What is the current balance in your employer's retirement plan? If your employer provides a 401(k) plan that includes a Roth 401(k) feature and you have contributed to it, then this value includes both your 401(k) and Roth Deferral. $
8.   What is your estimated annual return?   %
9.   What is the current balance in your other retirement savings? $
10.  What is your estimated annual return on these other savings?   %
11.  What is your retirement age?   yrs.
12.  What is the estimated annual inflation rate?   %
13.  What is your retirement income goal? $
14.  What is your estimated annual return during retirement?   %
15.  Would you like to include a Social Security estimate?   Click to include Social Security estimate.
      


IMPORTANT LEGAL INFORMATION: This is an educational tool designed to provide you with feedback based on the information that you input and is not intended as investment advice. Any results obtained from calculations should not be taken as a recommendation to buy or sell any particular product or security or as a definitive answer to your personal financial situation. For a thorough analysis of your financial situation, please contact your financial professional. These results are hypothetical only and do not reflect any particular investment. Some investments have charges, fees, and expenses that are not reflected in the results shown, and the impact of state and local taxes also may not be included. If such costs were reflected, the amounts available for distribution would be lower.

The information contained in this calculator is not intended or written as specific legal or tax advice and may not be relied on for purposes of avoiding any federal tax penalties. Neither MassMutual nor any of its employees or representatives are authorized to give legal or tax advice. You must rely on the advice of your own independent tax counsel.



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