Calculate Your Retirement Monthly Income

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Plan for a Comfortable Retirement with Confidence

Planning for retirement is one of the most important financial tasks you'll undertake during your working years. Ensuring you have enough income to comfortably live throughout your retirement requires careful consideration of factors like:

  • How many years you'll need your savings to last.
  • The expected rate of return on your savings and investments.
  • The tax rate applied to withdrawals from your retirement accounts.


To help you get a clearer picture, use our Retirement Income Calculator to estimate your monthly income during your golden years. This tool helps you make projections and adjust your savings plan as needed.

What You’ll Need to Get Started

Prepare the following details to calculate your retirement income:

  1. Cumulative Savings: The total amount of savings you expect to have when you retire.
  2. Years in Retirement: How long you anticipate living in retirement. It's wise to plan for a longer retirement than expected.
  3. Rate of Return: The percentage growth you expect from your savings, based on your investment choices.
  4. Tax Rate: Your estimated marginal tax rate based on your income bracket.


How to Increase Your Retirement Savings


Start Early
The earlier you begin saving, the more time your investments have to grow — and the more you'll benefit from compound interest. Even small contributions made consistently can grow into a substantial retirement fund over time.

Maximize Employer Contributions
If your employer offers a 401(k) match, contribute enough to take full advantage of this benefit. It's essentially free money added to your retirement savings!

Gradually Increase Contributions
Consider increasing your contributions annually. For example, when you receive a raise, allocate a portion of it to your retirement account.

Automate Your Savings
Set up automatic transfers to your retirement accounts to ensure consistent contributions. Automation also removes the temptation to spend that money elsewhere.

At EMUCU, we offer a variety of savings account options that can help you plan and save for your retirement.