Retirement Goal Calculator

1 Retirement
2 Social Security
3 Pension
4 Investments
5 Your Results

Retirement

First, figure out how much retirement income you will need.

What is your current annual income before taxes?

What percentage of your current annual income will you need during retirement? Need help?

How many years until you retire?

Select One

Select how many years you anticipate living in retirement. Need help?

Select One

Social Security

Second, plan for how much income Social Security may replace.

Estimate the percent of your current income Social Security will replace after retirement. Replacement percentage based on table below. You may over-ride this and use your own estimate. Need help?

Social Security Administration retirement contribution guidelines

Current Annual Income

$20,000

$50,000

$70,000

$100,000

Percentage Social Security may replace at age 62

38%

25%

22%

19%

* Based on a birthdate of 9/3/1959 and the income you entered in step 1. http://www.ssa.gov.

Pension

Next, plan for how much income your WRS or other pensions will replace in retirement.

At retirement, how many years will you have been employed by a WRS employer?

Choose the WRS pension to which you belong. Need help?

Select One

Public Employee Tier 1
Public Employee Tier 2
Law Enforcement
Warden Patrol & DCI
Paid Fire B
Guard Firefighter
Judicial

Do you have another pension?

Yes

Investments

Last, estimate how much your personal savings will replace.

Enter your current total retirement savings and investments. Need help?

Estimate the rate of return on your savings from now till you retire. Need help?

Select One

Your Results

You will need about

$0 / month¹

Currently, you will have about

$0 / month¹

Thats a difference of about

$0 / month¹

Adust your Goal Plan Login

Your Retirement Goal

/ year¹

Current Annual Income

/ year

Your Estimated Retirement Income

/ year¹

Social Security
Pension
457 & Savings

¹ Based on today's dollar value

* All projected income amounts are in today's dollars. However, because inflation decreases spending power, the savings recommendation is based on a 3% projected inflation rate in order to ensure your investments maintain their spending power. Your pension and Social Security may or may not keep pace with inflation. The calculator assumes your money will grow at a tax-deferred rate of 5% during retirement and at the end of your retirement period, your balance is $0.

* This calculator is intended for estimating purposes only. It should not be construed as an official representation of pension benefits or as financial or investment advice. These results are based on user input and should not be considered a guarantee.

Retirement Goal Calculator

On track for retirement? Get a personalized view of where you're at and plan for how to get where you want to go.

Retirement

First, figure out how much retirement income you will need.

Social Security

Second, plan for how much income Social Security may replace.

Pension

Next, plan for how much income your WRS or other pensions will replace in retirement.

Investments

Last, estimate how much your personal savings will replace.

Your Results

You will need about

Currently, you will have about

Thats a difference of about

Your Retirement Goal

Current Annual Income

Your Estimated Retirement Income

Pension

457 Deferred Comp

Employers