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Intro to JLP’s Retirement Calculator and Instructions
By JLP | June 20, 2006
I have been working the last couple of days on another calculator. This time it is a retirement calculator. Overall I’m pretty pleased with the final result, which you can see here:
However, BEFORE you visit the calculator, I want to share with you some instructions.
1. This calculator is meant only to serve as an APPROXIMATION and a beginning point for your retirement planning.
2. This calculator DOES NOT account for Social Security income.
3. This calculator asks for the percentage of your current income that you want to replace during retirement.
4. This calculator assumes that retirement income will increase each year at the expected inflation rate. If you enter 0 in that cell, the retirement income will stay the same each year throughout retirement.
The rest should be pretty much straight-forward. If you have any questions or think you have found a bug in the calculations, please email me using the email address in the upper left-hand corner of the blog.
Topics: Calculators, Retirement Planning |