CNN Retirement Planner Calculator

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CNN Retirement Planner Calculator

Measures Goals, Income, Savings, and Portfolio for both you and your spouse.

*GOALS

Instructions:
Our retirement planner helps you estimate how well your savings program is preparing you for retirement. First we help you figure out how much you'll need. Then we tell you your chances of getting there. And if it looks like you'll fall short, we offer some suggestions for improving your plan.

If one of our questions doesn't apply to you, just skip it. But you must click through each of the sections at least once.

CURRENT PICTURE AND GOALS
You - Your spouse
CURRENT AGE
DESIRED RETIREMENT AGE
LIFE EXPECTANCY
CURRENT INCOME
TYPICAL ANNUAL RAISE
DESIRED ANNUAL INCOME IN RETIREMENT
dollar amount
-OR-
As percentage of
pre-retirement
income

*INCOME

Instructions:
Your post-retirement income can come from Social Security, pensions, and other accounts such as annuities and trusts. The shortfall, if any, will have to be covered by the savings you accumulate before retiring.

SOCIAL SECURITY
You - Your spouse
EXPECTED BENEFITS
Use our estimate of your expected annual Social Security benefits. For a more accurate figure, contact Social Security.
AGE PAYMENTS WILL BEGIN
SURVIVOR BENEFIT

*SAVINGS

Instructions:
Enter the current balances and annual contributions to your 401(k), IRA, or other tax-deferred accounts. In 2008, the maximum 401(k) contribution was $15,500 (plus an additional catch-up contribution of $5,000 if you're 50 or older) and the maximum IRA contribution was $5,000 ($6,000 if you're 50 or older). Your employer may additionally limit 401(k) contributions.

Next, enter your current balance and contributions to the taxable accounts where you save for retirement.

401(K) OR 403(B)
You - Your Spouse
CURRENT BALANCE
CONTRIBUTION AS PERCENTAGE OF ANNUAL PAY
COMPANY MATCH AS PERCENTAGE OF YOUR CONTRIBUTION
IRAS, SEPS AND KEOUGHS
You - Your Spouse
CURRENT BALANCE
ANNUAL CONTRIBUTION
OTHER RETIREMENT INCOME
Taxable accounts
CURRENT BALANCE
ANNUAL CONTRIBUTION
TAX RATES
Federal
State

*PORTFOLIO

Instructions:
How much your portfolio earns depends in part on its mix of stocks and bonds. Select a portfolio below that most resembles the mix in your existing retirement accounts (data and analysis supplied by New Frontier Advisers).

Choose a Portfolio

Portfolio type:
Treasury bills
Intermediate bonds
Long-term bonds
Large-cap stocks
Small-cap stocks
Non-US stocks

Investing Style:
Very conservative
Conservative
Passive
Balanced
Active
Aggressive
Very aggressive

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