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Calculators


Got a question that involves number crunching? Use the calculators on this page to find the mathematical answer to the most commonly asked number-crunching questions, and see your inputs displayed next to the graph, chart, and/or table output in a side-by-side display.

Calculator: Print This Page
Retirement Savings Calculator
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*Social Security income should be in future dollars. You can obtain an estimate of your future Social Security benefit by going to http://www.ssa.gov/OACT/quickcalc/index.html

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This calculator estimates the growth of your retirement savings and calculates how long your savings will last based on your forecast of retirement expenses and income.


Retirement Savings Chart
These charts illustrate an estimate of Retirement Savings and Expected Contributions based on the supplied data and the assumptions that follow.

Based on the inputs above, your retirement savings and expected contributions will not provide all of your retirement income needs.
Your savings will be exhausted by age 91.

Assuming your household income grows by 1% until your retirement and given a target goal of 50% of your preretirement income, your first year retirement income need is $62,218.

Of this, an estimated $24,000 will be provided by Social Security. The rest of your retirement income need of $38,218 will have to be met through income provided by your retirement funds, and principal distributions.



    Assumptions

  • Household income is your total household income, including your spouse's income. Your retirement savings are your total retirement savings, including both taxable and tax-exempt holdings. Your retirement age is the first year that you do not make retirement savings contributions and the first year you begin taking distributions from your portfolio.
  • The expected rate of return inputs are after-tax returns. Actual rates of return will be based on investments you hold in your retirement portfolio net of taxes and expenses.
  • The modeled Social Security income is based on your input for your Social Security income in your first year of retirement. Subsequent years are inflation adjusted based on your input for inflation. Actual Social Security benefit payments in future periods are based on official government cost-of-living adjustments.
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*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor.  Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.

 

Before deciding whether to retain assets in an employer sponsored plan or roll over to an IRA an investor should consider various factors including, but not limited to: investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions and possession of employer stock.


America First Credit Union, PO Box 9199, Ogden, Utah 84409, 1-800-999-3961. America First Federal Credit Union does business as (DBA) America First Credit Union. Unauthorized account access or use is not permitted and may constitute a crime punishable by law. America First Credit Union respects your privacy. Please view our Privacy Policy. This credit union is federally insured by the National Credit Union Administration.
 


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