Property Investment Advisors | Retirement Planning | Melbourne Australia

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Home > Retirement Shortfall Calculator

Retirement Shortfall Calculator

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Definitions

Current retirement savings: This is your current retirement savings. You should include any savings or investments that are specifically for your retirement. Be careful not to include amounts ear marked for other purposes, such as your children's education.
Monthly contributions: The amount you will contribute each month to your retirement savings. This calculator assumes that you make your contribution at the beginning of each month. We also assume that this amount remains constant until you retire.
Years before you retire: The number of years you have to save before your retirement. If you are planning on retiring immediately, you should enter a zero.
Number of years in retirement: The number of years you expect to spend in retirement. If this retirement savings plan is intended to support you and your spouse, make sure this is long enough years to account for your spouse's potentially longer lifespan.
Annual retirement expenses: Your after tax retirement expenses. Since this calculator assumes that you will be paying income taxes on interest as it is earned, your expenses should be entered on an after tax basis. Your retirement expenses are increased each year by your expected inflation rate if the "Increase expenses with inflation" box is checked.
Expected inflation rate: Average rate of inflation that you expect through your savings time frame and retirement.
Rate of return before retirement: This is the annually compounded rate of return you expect from your investments before taxes.
Rate of return during retirement: This is the annual rate of return you expect from your investments during retirement. It is often lower than the return earned before retirement due to more conservative investment choices to help insure a steady flow of income.
Tax rate: Your marginal tax rate.
Other levies: Any other other levies that you may be subject too.

The services and products detailed in this Site are available to approved customers only and the suitability of the services and products will depend on your individual financial circumstances. You must not rely on this information without making your own independent assessment of it and consulting your own advisers in relation to your financial circumstances.