How Changing Expenses Impact Your Retirement Calculator
*The outputs presented are estimates only. For a detailed, more accurate look at how changes in spending can affect your retirement situation, sign up for a free trial of the WealthTrace Financial & Retirement Planner.
Your Investments & Expenses
Changing Expenses & Age of First Shortfall
Definitions:
Annual Inflation Rate:
Annual % change in the Consumer Price Index (CPI).
Annual Returns:
Assumed annual rate of return on investments before taxes.
Current Age:
Your age as of today.
Age of Retirement:
The age in which you expect to retire.
Federal Tax Rate on Investments:
The assumed federal tax rate on investment gains over the time period for analysis. This amount will be deducted from the annual returns on your extra savings each year.
State Tax Rate on Investments:
The assumed state tax rate on investment gains over the time period for analysis. This amount will be deducted from the annual returns on your extra savings each year.
Current Investment Value:
The value of your investments as of today.
Annual Contributions:
Dollar amount you will contribute to your investments annually. This number will be adjusted by inflation each year.
Annual Expenses in Retirement (Today's Dollars)
Your estimated annual expenses in retirement. Input this in today's dollars. Do not attempt to adjust this for inflation. This number will be adjusted for inflation by the calculator each year.
Test Your Retirement Budget
Use your own numbers in WealthTrace to see what happens when your expenses change.
