Use this unique calculator to know when you can retire based on your financial background.
Early retirement is a possibility for every one with a structured retirement savings plan regardless of income. Diversified investment of the retirement savings over a long period of time with the compounding effect does the magic for you to retire early. You can start with a small retirement savings contribution but can increase it by a set percentage each year to achieve your retirement goal.
This calculator determines your retirement age and helps you plan for early retirement. It lays out a clear picture of your finances with Pre Retirement Plan and Post Retirement plan.
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Ratings and Reviews
Well written and simple to use
Simple to use and gives a great view to support retirement aspirations.
Would be great to include a few factors to even better forecasting.
Would be good to separate taxed (cash/ investments) and taxed advantages savings (401k / pensions) to determine actual retirement age as certain savings can’t be used until 59 1/2.
Social Security income is capped at 5k per month which is not in line with actual caps.
With Family Sharing set up, up to six family members can use this app.