answersLogoWhite

0


Best Answer

Retirement calculators can merely estimate your retirement budget based on your present amount of savings and retirement investments. They should take into account a comfortable lifestyle as well as unplanned emergencies that may arise.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What factors do retirement calculators account for?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Are there any online retirement or IRA calculators that are free for use?

“Are there any online retirement or IRA calculators that are free for use?” are there any online retirement or IRA calculators that are free for use?


Do the "free" retirement calculators factor in the costs of inflation?

Depending on which website you visit, some free retirement calculators are set up to account for the change in inflation and cost of living over time. Be sure to check if the website you are on accounts for these things.


Where are investment calculators?

An IRA investment calculator stands for "Individual Retirement Account" investment calculator. Fortunately there are a variety of options available on the internet. Some of your options are here: http://tcalc.timevalue.com/all-financial-calculators/retirement-calculators/traditional-ira-calculator.aspx http://www.dinkytown.net/java/RothIRA.html


Where can I find an online Retirement Calculator?

You can find online retirement calculators at moneycentral.msn.com/retire/planner.aspx and www.bloomberg.com/invest/calculators/retire.html. Fool.com and Vanguard offer free retirement calculators. These can help calculate how much you'll have at retirement.


Is there a calculator available for figuring CSRS retirement amounts?

I recommend http://www.money-zine.com/Calculators/Retirement-Calculators/CSRS-Retirement-Calculator/ as a brilliant calculator for working out your retirement amount.


Where can I find a retirement calculator online for free?

Online retirement calculators are not always accurate but can give you a starting point. www.free-online-calculator-use.com/retirement-planning-ca. and www.money-zine.com/Calculators/Retirement-Calculators would both be able to give you an idea of where you are at in your retirement saving plan.


How trustworthy are online retirement savings calculators?

Online retirement calculators break down the numbers for you mathematically. Many high end banks and banking services use these calculators when calculating ones retirement plan. They are very trusted.


Why You Should Use More Than One Retirement Savings Calculator?

Many people use a retirement savings calculator to determine how much money they need to amass before they retire or if their retirement savings efforts are on track. Some will use only one retirement calculator that they find easy to use, and they may even return to that same online calculator repeatedly over the years to track their efforts. Using an online calculator is a smart way to plan and monitor retirement savings efforts. However, there are several reasons why you should use more than one retirement savings calculator today and regularly.Different Factors AnalyzedPerhaps the most significant reason why you should use more than one retirement savings calculator relates to the fact that these calculators are not all the same. In fact, if you use five different calculators, you are likely going to get five different estimates regarding how much money you need to save for retirement. Some may even tell you that you will never be able to retire while others may tell you that you can indeed retire on schedule. The reason for this variation is because different calculators take into account different factors and analyze those factors different. By using these different calculators, you can develop a better target savings goal for retirement.Different Types of SavingsDifferent retirement savings calculators may provide you with different results regarding your target savings balances, but they also can be used in another way. Because these calculators often analyze different factors, you can use multiple calculators to determine if it is more advantageous for you to invest your retirement funds into one type of account or another. For example, should you be using a 401k or a Roth IRA? Different types of accounts offer unique benefits, and calculators can help you to see the real effects of these benefits.Retirement planning can be confusing and frustrating at times. It can become even more complicated when you begin using different retirement savings calculators that each tell you different things. However, once you begin to use the various calculators more often, you will begin to gain a better understanding of how your retirement savings balances can work for you. Through this, you can develop a more sound retirement plan.


where can i find a retirement planning calculator?

Massmutual.com offers online retirement planning calculators.


What factors are analyzed in retirement planning calculators?

The factors taken into consideration are your age and the age you wish to retire. It will help you determine the annual income you wish to acquire through your savings and investments.


Where can i find free retirement calculators?

websites will show up with free tools such as www.massmutual.com, www.ifa.com, money.msn.com, financialmentor.com/free-stuff/retirement-calculators, money-zine.com, and others.


Where online can one find a 401k retirement calculator?

401k calculators can be found on several websites which deal with retirement planning. Companies such as Bloomberg and organisations such as the AARP offer calculators on their websites.