Exponent’s Free Retirement Planning Calculator

Retirement planning can be confusing. But it doesn’t have to be. Luckily, there are many tools available to help you get organized and stay on track.

One such tool is Exponent?s Free Retirement Planning Calculator. The tool is easy to use and provides great information, including a savings analysis that shows in simple terms how long your savings can last into retirement.

Plan Your Retirement with Exponent you need to provide some basic information, including your current net worth and the total current balances of your retirement savings accounts – such as 401(k) plans, individual retirement accounts (IRAs), etc. Then you enter your monthly contributions to those accounts — either in dollar amounts or as percentages of your salary. Finally, you enter your desired withdrawal rate in retirement and the calculator will determine whether you are on target to meet that goal.

Maximize Your Golden Years with Exponent’s Expert Retirement Strategies

You can also change assumptions on your expected investment returns, inflation and other factors to see how those changes might affect the outcome. And if you do decide to make adjustments, the tool lets you compare your original calculation with their proposed one.

As a rule, the industry recommends withdrawing no more than 4% of your savings in retirement. But this number doesn’t necessarily work for everyone and a lower or higher withdrawal rate might be more appropriate for your situation. And as you adjust your planned withdrawal rate, the tool will let you know if it’s safe to do so without jeopardizing your future.…