This calculator will assist you in assessing your retirement needs.  If the program determines that you need to save more for retirement, it will calculate a per paycheck savings amount for you.

Please enter some information about yourself: (Please enter whole numbers for all fields except for inflation and rate of return.)

GENERAL PERSONAL INFORMATION:
What is your age?
At what age do you want to retire?
What is your present annual salary?
What % of your final salary do you need to retire? (some experts suggest as much as 95%)
How much money do you have saved for retirement?
How much is your pension benefit?  This amount is usually expressed as a monthly amount or a % of your final salary.
Do you contribute to Social Security?
How often do  are you paid?
What is the present inflation rate? (usually 3.5% or 4 %)
What investment rate of return do you expect?  (good estimate is between 6% and 12%)

YOUR RESULTS:
Years remaining until retirement
Your projected salary at retirement
Annual income you'll need for each year during your retirement
Approximate annual income at retirement from Social Security according to your Social Security starting choice above
Annual retirement income from your pension
Annual retirement income from your savings
Total annual retirement income from sources other than Social Security
Total annual retirement income from sources including Social Security
Additional annual retirement income you'll need from future savings
Total additional savings needed at retirement to provide the additional retirement income
Starting today, this is the amount of money you need to save each pay period to meet your anticipated retirement savings requirement
This is the approximate percentage of your current annual salary you need to save 

This planning device is for general educational purposes. Members requiring personal retirement assistance should contact the Retirement office or a Certified Financial Planner.  The results provided herein should not be construed as legal or tax advice.  Please consult with your legal or financial advisor to determine the appropriateness of this calculator for your particular situation.  The Public School Retirement System of the City of St. Louis assumes no responsibility or liability for the accuracy of this information.

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