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Editorial Independence
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
No matter where you are in your career — early, middle stage or late phase — you’ll want to know how close you are to achieving your retirement goals. Retirement calculators can give you an idea of where you stand. Bankrate.com offers more than three dozen retirement calculators for your use. Factor in your age, the annual rate of return that you might expect, your tax bracket and the age at which you plan to retire to determine how to reach your retirement goal.
Retirement calculators make it easy to for you to figure out how much you need to contribute to your 401(k). For example, Bankrate’s 401(k) savings calculator enables you to estimate the size of your future nest egg based on your annual salary, the percentage of your contribution, your current 401(k) balance and the expected annual rate of return. It also allows you to input any expected salary increases and the employer maximum match.
How much do you need to retire?
Knowing how much money you’ll need to retire is half the battle. Bankrate’s retirement planner calculator can help you figure out how much you’ll need. According to variables such as your age, income and contributions, the calculator estimates how much you’ll have at retirement, if and when it will run out and how to either adjust your contributions or your expectations. It also factors in Social Security and an estimated rate of inflation.
Reaching retirement goals
Good retirement planning starts with realistic goals. Bankrate’s savings retirement calculator estimates how much you’ll need to save per year. You enter the amount of money you’ll need to retire, the number of years until your retirement and the current value of your retirement investments. You can also add expected lump-sum inheritances. Based on conservative return estimates, these calculators will let you know how much you need to save each month to meet your retirement goal.
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