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Hi Tiny,
Thank you for completing the Template Retirement Savings Calculator! This analysis assumes an inflation rate of 3% and a growth rate of 6%.
If you have currently saved $ 350,000 and continue to save $ 10,000 each year over the next 20 years, you will have $ 1,490,353.33 saved on the first day of retirement.
If you have a 25-year retirement and draw an income of $ 144,488.90 each year during your retirement (adjusted for inflation), your retirement income will last years.
Based on your inputs and the above-mentioned assumptions, you are on track to meet your retirement goals. You are currently over your goal by $ 1,490,352.33.
Suggested Actions:
You're doing great! Stay the course and keep saving.
If you are ready to take the next step toward a fully-funded retirement, please schedule a consultation. I look forward to speaking with you soon!
YOUR RESULTS
57% Funded | ||
Estimated Amount Needed At Retirement: | $2,614,680.64 | |
Estimated Amount You Will Have At Retirement: | $1,490,353.33 | |
Over Goal By: | $1,490,352.33 | |
Suggested Actions: | ||
You're doing great! Stay the course and keep saving. |
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