Retirement calculator

Here is your Frequency retirement evaluation

Projected Income ? Your Projected Retirement Income based on your inputs.

$12,466/month

at retirement

Suggested Target ? Suggested Income target initially equals to 80% of your current annual pre-tax salary, adjusted for inflation.

$6,935/month

in retirement

See how adjusting values can change your evaluation.

Monthly contribution ? Regular contribution amount to your current retirement plan.

0% 31% 61%

Currently $500 (12%)

Retirement age

yrs

50 63 75

Retirement savings ? Savings outside of your current employer-sponsored retirement plan.

$0 $1,500,000 $3,000,000

Expected rate of return on savings

1% 7% 12%

Additional monthly retirement income ? Additional income that you might receive on a regular basis. (For example, income from a rental property.)

$0 $4,167 $8,333

Monthly pension ? Pension Income you are expecting to receive from your current or past employer(s) while in retirement.

$0 $50,000 $99,999

Years in retirement ? The number of years you expect to need income for after you retire.

yrs

0 14 28

I would like of my current income in retirement

Current salary

$20,000 $260,000 $501,000

Important: How this was calculated →

Questions about your retirement?

(800) 830-7140

I. What is the purpose of this tool?

This tool is for educational purposes and is designed to help you compare your estimated future income to your estimated future income needs in retirement. Our aim is to help you understand how your retirement savings strategies will impact your future income in retirement and to help you make meaningful progress toward improving the likelihood of having a confident retirement in just a few minutes.

II. How does this tool work?

Determining retirement income goal

First, your retirement income goal is initially set to equal 80% of your current annual pre-tax salary, adjusted for inflation. For this reason, you are required to confirm your current salary in the first step of the tool and the tool cannot be used if you have already retired. The rationale for not having a retirement income goal of 100% of your annual pre-tax salary is that your expenses generally change in retirement. For example, while you are employed, you are typically paying Social Security and Medicare tax as well as saving a portion of your income for retirement savings. In addition, you could also have potentially lower living expenses, however, health care may go up. The retirement income goal represents an estimate to maintain your current standard of living and is consistent with acceptable standards in the financial services industry. Since every person’s financial needs are unique, this estimate can be adjusted as you see fit.

Determining estimated retirement income

Since we have already determined your retirement income goal (based on your current pre-tax annual salary), we next must calculate your estimated retirement income based on assumptions and the inputs that you have provided. Our calculation of your estimated income consists of the following inputs:

Current retirement savings balance
Current age
Current contribution amounts and frequency
Retirement age
Other forms of income in retirement, including pensions
Years of income in retirement

We ask you to confirm your current contribution amounts to ensure your calculation is as accurate as possible and we ask to confirm the frequency of your contributions because it will determine how the output of the calculation will be viewed (bi-weekly, monthly or annual).

For your retirement age, we have assumed age 67 as a default due to it being the "full retirement age" as defined by the Social Security Administration. ( https://www.ssa.gov/planners/retire/retirechart.html ) If you are age 67 and above and still working, we assume that you will retire one year from now as a default. That being said, everyone’s financial needs are unique and your retirement age can be adjusted on the evaluation output page as you see fit.

As a default, the calculator will display an output based on an assumed hypothetical rate of return of 6%. However, you can adjust the rate of return higher or lower based on your investment risk tolerance. Our aim is to help you identify how much you need to contribute in order to help you reach your retirement income goals. Please note that any outcome or result ultimately shown in our Retirement Education tool that factors in your stated expected rate of return on savings is general and hypothetical and is not an indication, projection or guarantee of the performance or return of any investment, financial product, strategy, plan, account, or approach.

Constructing a portfolio with the proper asset allocation to fit your risk profile and time horizon is one of the most important decisions an investor can make to give themselves the best opportunity to reach their investment goals. However, a relationship between risk and return exists and investors need to recognize this trade-off – typically, the potential for higher returns can be associated with taking on higher risk. We understand that you may have retirement savings account balances from prior employers or other sources. In order to help provide you with a more accurate estimate of your future retirement income, we enable you to include this information in your retirement income calculation.

In addition, for those of you who have pensions or other forms of retirement income, we encourage you to include this information as well in order to help refine your calculation.

Pensions and outside retirement income sources can have complicated schedules for being earned & distributed. As the details of these sources of income are not available to Equitable Financial, we cannot know the details of those distributions. In order to allow you to make general estimates for how pensions and outside income could potentially affect your retirement, this calculator makes the simplifying assumption that the pension and other retirement income values that you enter yield the same amount of income every year.

Any gap dollar amount presented in this tool is the estimated gap in your replacement income for your first year of retirement. It is intended to give guidance on how much retirement income you could expect in your first year of retirement. In subsequent years, the value of the gap dollar amount would increase by an estimated rate of inflation.

Lastly, the total years in retirement is estimated based on your current age, retirement age and the IRS Single Life Expectancy Table. This input plays a critical role in determining your estimated retirement income and will impact your retirement income gap (or surplus) because you may need retirement income for more (or fewer) years than our initial assumptions. For example, if you plan on retiring at age 50 and being in retirement for 30 years or more, you may need to save more than if you were planning to retire at age 70.

Important

This informational calculator is not created, owned, or maintained by any Equitable Holdings, Inc. subsidiary, nor has it been determined in our own testing to be precisely accurate. Equitable Advisors and its affiliates make no representation as to the calculator's accuracy, completeness, or applicability with regard to any person's individual circumstances. The calculator provides only general estimates; its hypothetical results should not be relied upon as a basis for any financial, investment, or other decision or determination.

IMPORTANT NOTE: Equitable believes that education is a key step toward addressing financial goals, and we've designed this tool as an informational and educational resource, intended to facilitate the review of your current financial situation, based on information and assumptions provided by you. This discussion and any hypothetical results or information provided herein do not offer or constitute investment advice and make no direct or indirect recommendation of any insurance, investment, financial product or investment option. Equitable Holdings, Inc. and. its subsidiaries do not provide tax or legal advice or services. Please consult with your tax and/or legal advisors regarding your particular circumstances. The needs, goals and circumstances of individuals are unique, and they require the individualized attention of a financial professional.

GE-7419326.1 (12/2024) (Exp. 12/2028)

IMPORTANT NOTE: Equitable believes that education is a key step toward addressing financial goals, and we've designed this tool as an informational and educational resource, intended to facilitate the review of your current financial situation, based on information and assumptions provided by you. This discussion and any hypothetical results or information provided herein do not offer or constitute investment advice and make no direct or indirect recommendation of any insurance, investment, financial product or investment option. Equitable Holdings, Inc. subsidiaries do not provide tax or legal advice or services. Please consult with your tax and/or legal advisors regarding your particular circumstances. The needs, goals and circumstances of individuals are unique, and they require the individualized attention of a financial professional.