It's Never Too Late
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to Start to Save for RetirementHow Much Money
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Do I Need to Retire?I Need a Financial Roadmap
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— Reduce Debt or Save?
Plan.
Check out these financial roadmaps for every age and stage of retirement planning and living.
Earn.
Investing: Learn how your hard-earned money can work for you to secure your retirement
Save.
It’s never too early or late take control of your finances and save for a brighter future.
Are You Financially Prepared for Retirement?
Many financial advisors estimate you will need 70% of your final employment earnings each year in retirement. The average rate of return for retirement investments after inflation adjustments over the last 50 years has ranged between 5% and 8%. Based on this guidance, input your retirement plan balance and your monthly contributions to your plan to determine what age you will be able to retire.
Retirement Calculator — calculate retirement age
This calculator easily answers the question "Given the value of my current investments and assuming future monthly investments of "X", at what age will I reach my retirement goal?"
The user enters their "Current Age", the "Monthly Amount Invested",the "Annual Interest Rate (ROI)" (annualized Return on Investment one expects to earn) and "Amount Desired At Retirement".
The calculator quickly calculates the user's retirement age and creates an investment schedule plus a set of charts that will help the user see the relationship between the amount invested and the return on the investment. The schedule can be copied and pasted to Excel, if desired.
If you need a more advanced "Retirement Calculator" — one that calculates many more unknowns and one that calculates assuming retirement income and not a final lump sum then try the calculator located here: https:/financial-calculators.com/retirement-calculator
Currency and Date Conventions
All calculators will remember your choice. You may also change it at any time.
Clicking "Save changes" will cause the calculator to reload. Your edits will be lost.
Let Us Help You Plan the Future You want.
If you start saving early and often, your money can go to work for you with compound interest building you a nest egg for retirement. Finding a financial professional to guide you with solid advice can help you find the right investment strategies and tax savings to get you ahead faster.
Retirement Savvy: News You Should Know
- Closing the Financial Literacy Gender Gap
Iowa Insurance DivisionJan 6, 2021By Sonya Sellmeyer, Consumer Advocate
This article is the second of a three-part series on
Read More - Financial Literacy Gender Gap Is Harmful to WomenIowa Insurance DivisionDec 15, 2020
This article is the first of a three-part series on closing the financial literacy
Read More - Study Results: Financial Literacy Gender GapIowa Insurance DivisionDec 1, 2020
Women lag men in financial literacy The gender-based gap may negatively impact the financial
Read More - Consumer Connection: October is National Retirement Security MonthIowa Insurance DivisionOct 7, 2020
National Retirement Security month is a campaign to remind us of the importance of
Read More - Iowa Insurance Division Awarded $100,000 Grant to Strengthen Employee Financial Wellness ProgramIowa Insurance DivisionSep 16, 2020
The Grant is Part of a New National Initiative Supported by the Wells Fargo
Read More
- Closing the Financial Literacy Gender GapIowa Insurance DivisionJan 6, 2021
By Sonya Sellmeyer, Consumer Advocate
This article is the second of a three-part series on
Read More - Financial Literacy Gender Gap Is Harmful to WomenIowa Insurance DivisionDec 15, 2020
This article is the first of a three-part series on closing the financial literacy
Read More - Study Results: Financial Literacy Gender GapIowa Insurance DivisionDec 1, 2020
Women lag men in financial literacy The gender-based gap may negatively impact the financial
Read More - Consumer Connection: October is National Retirement Security MonthIowa Insurance DivisionOct 7, 2020
National Retirement Security month is a campaign to remind us of the importance of
Read More - Iowa Insurance Division Awarded $100,000 Grant to Strengthen Employee Financial Wellness ProgramIowa Insurance DivisionSep 16, 2020
The Grant is Part of a New National Initiative Supported by the Wells Fargo
Read More
