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Since many outlive their life expectancy. We gave a generous age of 102, in hopes that you do not outlive your money.
Also know, we tried to predict inflation in the estimated goal. Meaning, we do not know what $1 will allow you to buy when you reach retirement. So we guestimated how much you may need to maintain the lifestyle you want.
Here's the formula:
(Comfortable Yearly Income(102 Years Old - Desired Retirement Age))((102 Years Old - Desired Retirement Age)/10)
This calculator is for informational purposes only. Financial needs vary over time. We simply hope it helps you think about your financial future.
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