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.

As you develop a retirement strategy, estimate how much retirement income Social Security and your WRS pension benefits will provide, and how much you need to provide through the Deferred Compensation Plan and other investments in order to achieve financial security in retirement.

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

Retirement

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

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  • 5
  • 10
  • 15
  • 20
  • 25
  • 30
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  • 15
  • 20
  • 25
  • 30
  • 35
  • 40

Social Security

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

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.

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  • Public Employee Tier 1
  • Public Employee Tier 2
  • Law Enforcement
  • Warden Patrol & DCI
  • Paid Fire B
  • Guard Firefighter
  • Judicial
Yes
No

Investments

Last, estimate how much your personal savings will replace.

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  • 1%
  • 2%
  • 3%
  • 4%
  • 5%
  • 6%
  • 7%

Your Results

You will need about
$0 / month1
Currently, you will have about
$0 / month1
Thats a difference of about
$0 / month1
$0

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Your Retirement Goal

$0 / year1

Current Annual Income

$0 / 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.

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* 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.