This tool will calculate how much you need to save, the rate of return you need to earn on your investments, the age at which you will be able to retire and basically anything else you want to know about your retirement.
Explanation of Fields
For a complete explanation of:
Your current age.
The age at which you plan to retire.
The age up to which you expect to live.
The amount of money you'll save towards your retirement every month, from now until the day you retire. This amount will increase by the inflation rate specified each year, so that the actual value saved remains the same.
The amount of money you'll draw from your investments every month when you are retired, in today's terms (i.e. ignoring inflation).
The total amount of investments you've already made towards your retirement.
Rate of Return
The average expected nominal rate of return that your investments will deliver.
The average expected inflation rate over your lifetime.