Retirement Investment Gap Calculator - Determine Your Investment Needs and Monitor Your Investment Progress
Knowing how much to invest is a key to accumulating an adequate amount of money for retirement. Use the Retirement Investment Gap Calculator to determine your regular investment program that will ensure you meet you retirement investing goal.
Here is how the calculator works. Suppose you want to have one million dollars (Investment Goal:) in 20 years. Currently you have saved $25,000. So the gap is $975,000. Assume an annual rate of return of six percent. You would reach your goal by investing: $485.37 each week; $2,110.20 each month or a $26,504.94 once each year for 20 years. Investing at the weekly interval lets you reach your target with the fewest dollars invested.
Finally, use the calculator regularly to monitor your progress.
On the calculator form, enter only numbers (with or without decimal points).
Do not enter currency symbols like dollar signs, commas or percent signs.