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What Will My Income be After I Retire?

Share current LOB: PersonalBanking

Answer key questions related to achieving your retirement goals.

What will my income be after I retire?

Personal information
YouSpouse
Current age
Yearly income
$$
Age at retirement
Monthly wages after retirement
$$
For how many years

Social Security benefits
Age you will claim Social Security benefits

Monthly benefits are
$$

Pension or defined-benefit plan
Monthly pension payment
$$
Years you will receive payments
No payments adjusted for inflation
First payment adjusted for inflation
Rest of payments adjusted for inflation
All payments adjusted for inflation

Your projections
Inflation on your expenses
%
Yearly rate of growth in income
%
Age at death
Your state + federal tax rate before retirement
%
Your state + federal tax rate after retirement
%


Your projected monthly living expenses at retirement
Years requiredMonthly expenses
Initial living expenses
$
Intermediate living expenses
$
Remainder of retirement
$

Your future, one-time investments
Amount investedRate of returnYears until you invest
Investment #1
$%
Investment #2
$%


Your monthly savings (taxable accounts)
Current balanceRate of returnMonthly investmentYears to start
Account #1
$%$
Account #2
$%$

Your monthly savings (tax-advantaged accounts)
Current balanceYour monthly* investmentEmployer's monthly* investmentCurrent return rate
401(k)
$$$%
Roth 401(k)
$$%
SEP
$$$%
SIMPLE
$$$%
Keogh
$$$%
Traditional IRA*
$$%
Roth IRA*
$$%
Other
$$%

Your spouse's monthly savings (tax-advantaged accounts)
Current balanceYour monthly* investmentEmployer's monthly* investmentCurrent return rate
401(k)
$$$%
Roth 401(k)
$$%
SEP
$$$%
SIMPLE
$$$%
Keogh
$$$%
Traditional IRA*
$$%
Roth IRA*
$$%

* For IRAs, please input a yearly, not monthly, contributed amount.

Information and these calculators are made available by one or more third party service providers. All examples are hypothetical and are for illustrative purposes. SunTrust Bank and its affiliates do not provide legal or tax advice. Information provided and these calculators are not intended to offer any tax, legal, financial or investment advice. SunTrust cannot guarantee that the information provided or the calculators are accurate, complete, or timely. Federal and state laws and regulations are complex and are subject to change. Changes in such laws and regulations may have a material impact on pre- and/or after-tax investment results. SunTrust makes no warranties with regard to these calculators or the results obtained by their use. SunTrust disclaims any liability arising out of your use of, or any tax position taken in reliance on, these calculators. Always consult an attorney or tax professional regarding your specific legal or tax situation.

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