Thursday, August 30, 2007

Financial Planning Retirement Calculators

The web is full of high-quality, free financial planning retirement calculators and there is no good reason not to take advantage of them as financial planing tools. Here is a list of some great financial planning calculators that I have found on the web. I will update this post as I continue to find more.

Financial Planning Calculator Retirement Links
Motley Fool - Includes a great calculator that estimates how much your monthly expenses will change after retirement. Also includes the following calculators:

  • How will retirement affect my expenses?
  • Am I saving enough? What can I change?
  • How will this account be used?
  • What will I earn with this account?
  • How advantageous is increasing my savings?
  • Which savings or income source will be the largest?
  • How much can I invest before taxes each year?
  • What if I underestimate my expenses?
  • What will my income be after I retire?
  • What will my expenses be after I retire?
  • What happens if tax laws change?
  • How much of an effect can inflation have?
  • Which savings should be used first?
  • How much will Social Security provide?
  • What if Social Security no longer exists?

Yahoo Finance - Includes a nice current cash flow calculator plus the following:

  • How much will I need to save for retirement?
  • When should I begin saving for retirement?
  • What is my current cash flow?
  • What is my projected cash flow?
  • What may my 401(k) be worth?
  • Self-employment Retirement Plan Maximum Contribution calculator
  • How much can I contribute to my IRA?
  • Should I convert to a Roth IRA?
  • Social Security retirement income estimator
  • What is the impact of increasing my 401(k) contribution?
  • How will retirement impact my living expenses?
  • Income generated by a savings plan
  • Value of reducing or foregoing expenses
  • How does inflation impact my retirement income needs?
  • How should I allocate my assets?
  • What is my current net worth?
  • What is my projected net worth?

Kiplinger
Find out how much your 401K will grow and how much income Social Security will provide.

  • How much will my 401(k) grow?
  • Am I saving enough for retirement?
  • The power of boosting 401(k)
  • Which will provide the most retirement income?
  • How much income will Social Security provide?
  • What is my minimum required IRA distribution?

Money Central on MSN - Provides a fairly simple retirement calculator.

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