A big part of retirement involves crunching the numbers. To ensure a comfortable retirement, you’ll need to make sure you have enough money set aside, that you can manage any debt you’re carrying, that you can afford your retirement house, and other matters. The simple calculators on our website will help you make these and other financial decisions.
Our retirement calculator will tell you how much you need to save each year to meet your retirement goals. As always, the earlier you start saving, the better off you’ll be. Our mortgage calculator will help you determine how much “house” you can afford to buy, and will also calculate your monthly mortgage payments. A credit card calculator will figure how long it will take for you to pay off your credit card debt, depending on how much you can afford to pay each month. This calculator will even let you figure in continuing charges, though of course if you continue to use your plastic, it will take you that much longer to pay off an outstanding balance.
A “millionaire calculator” will estimate how long it will take you to achieve that financial milestone, depending on how much money you can set aside each month. Saving a million dollars is no longer a remarkable achievement — many people need more than that in the bank to maintain their quality of life in retirement — but this calculator will give you some idea of what it will take to put away a substantial nest egg. And a simple savings calculator will tell you how much a given investment will grow, based on length of investment and interest rate.
Finally, a Social Security estimator provides a link to the Social Security Administration’s webpage, where you can estimate the size of your eventual benefit checks based on current income.
It is hoped that these tools will be useful to you as you plan for retirement, and that you return to these pages often as your financial situation evolves.