Savings-to-Income Calculator
Your Information
* Used to calculate estimated savings and income replacement as well as account balance needed in retirement.
Your Results
| YEAR | SALARY | ANNUAL CONTRIBUTION | PAY PERIOD CONTRIBUTION | BALANCE |
|---|---|---|---|---|
| 1 | $20,000 | $200 | $8.33 (1.0%) | $206 |
| 2 | $20,300 | $203 | $8.46 (1.0%) | $427 |
| 3 | $20,604 | $206 | $8.59 (1.0%) | $665 |
| 4 | $20,914 | $209 | $8.71 (1.0%) | $921 |
| 5 | $21,227 | $212 | $8.84 (1.0%) | $1,196 |
| 6 | $21,546 | $215 | $8.98 (1.0%) | $1,491 |
| 7 | $21,869 | $219 | $9.11 (1.0%) | $1,808 |
| 8 | $22,197 | $222 | $9.25 (1.0%) | $2,148 |
| 9 | $22,530 | $225 | $9.39 (1.0%) | $2,512 |
| 10 | $22,868 | $229 | $9.53 (1.0%) | $2,902 |
Disclaimer:
This calculator is for illustrative purposes only. Results are based on your inputs and assumptions about future factors like inflation and investment returns, which are not guaranteed. Actual retirement savings may vary. While we’ve made efforts to ensure accuracy, calculations are estimates only.
No data is saved after use, so please close the browser when finished—especially on shared devices. Use this tool alongside other resources, not as your sole source of financial guidance. Consider consulting a financial advisor before making decisions.
Assumptions:
• Contributions: Projections assume ongoing contributions and do not account for IRS annual limits. Visit www.modeferredcomp.org for current limits.
• Investment Returns: Assumes a consistent average annual return throughout the savings period.