MBR Financial, Inc.
2000 West Loop South
Ste. 1510
Houston, TX 77027
832-667-8787
281-974-2108
contactus@mbrfinancial.com
 
 




Retirement Income Projector and Gap Analysis Calculator
Retirement Income Projector and Gap Analysis Calculator

This calculator estimates the monthly income you will have available at retirement and whether it will be enough to meet your needs. Your estimated monthly income available at retirement is subtracted from the projected monthly income you will need at retirement to determine if there is a potential monthly income gap at retirement.


The monthly income available at retirement is based on factors including estimated Social Security retirement benefits, and an estimate of the monthly distributions that your retirement plan might be able to provide. In projecting the monthly distributions that your retirement plan might be able to provide, the calculation is based upon factors and assumptions set out in a 2013 proposal by the Department of Labor for providing information to participants of a defined contribution plan, such as a 401(k) plan.


What is your year of birth? [1938 to 1996]
What is your current annual salary? $
How much do you currently have in your retirement savings plan account? $
What amount are you currently contributing to this account each year? $
How much does your employer contribute to your account each year, on average? $
At what rate do you expect contributions to this account to increase each year until retirement (0% to 10%)? %
Will you have a traditional pension plan or other predictable monthly income in retirement?
If yes, how much do you expect to receive each year in additional monthly income? $
Do you want to include an estimate for Social Security Income? No Estimate
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My estimate of annual Social Security benefits is $
You can obtain the benefit amount from a Social Security Statement, or from the Social Security Administration website (www.ssa.gov).
At what age do you expect to retire? [62 to 80]
Your employer's retirement plan has a normal retirement age (NRA) that may or may not be the same as your Social Security NRA (see below). You may choose either of these NRAs, or select a different age to retire. [Cannot be less than current age.]
Your Social Security NRA
How much do you expect the cost of living to rise, on average, each year before retirement? [0% to 10%] %
At what rate do you expect your salary to increase each year until retirement? [0% to 10%] %
What rate of return do you expect to earn on your savings before retirement? [0% to 10%] %
What rate of return do you expect to earn on your savings during retirement? [0% to 10%] %
How much of your current income do you expect to need to live comfortably in retirement? [50% to 200%] %
A general guideline is between 75% and 100% of your preretirement income.


IMPORTANT DISCLOSURES Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, legal, or retirement advice or recommendations. The information presented here is not specific to any individual's personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2018.