Typical saver (default)
Current age: 30 years; Target retirement age: 65 years; Current invested savings: 20,000 dollars; Annual contribution (invested each year): 12,000 dollars; Expected annual return (pre-retirement): 6 percent; Expected annual return (post-retirement): 4 percent; Expected annual inflation rate: 2.5 percent; Current annual expenses: 40,000 dollars; Safe withdrawal rate (SWR): 4 percent
Inflation rate (decimal): 0.025; Pre-retirement return (decimal): 0.06; Years until retirement: 35 years; Future value of annual contributions at retirement: 1,337,217.358 dollars; Future value of current savings at retirement: 153,721.7358 dollars; Estimated annual expenses at retirement (inflation adjusted): 94,928.20744 dollars; Estimated total nest egg at retirement: 1,490,939.094 dollars; Required retirement nest egg (based on SWR): 2,373,205.186 dollars; Years of retirement expenses covered by estimated nest egg (ignores returns): 15.7059649 years; Required annual contribution to reach required nest egg: 19,917.33149 dollars; Surplus (positive) or shortfall (negative) compared to required nest egg: -882,266.0918 dollars; Required monthly contribution (approx.): 1,659.777624 dollars