The document contains calculations from a retirement planning calculator. It shows that contributing $200 per month from age 22 to 67 at a 9% rate of return would result in $1,480,976 at retirement. Lower or higher rates of return are also shown. It also provides examples of how much would need to be contributed each month from different starting ages to achieve $1,000,000 by age 65. Starting earlier results in lower monthly contributions needed.

1. You can change any value in the white boxes and when you press quot;Enterquot;
all the values will be automatically recalculated
Retirement Calculator
Current Age 22
Expected retirement age 67
Monthly Contribution $200
Expected Rate of Return 9.0%
Your total contributions will be $108,000
At Retirement your fund will equal $1,480,976
If you earned 11.00% your total would be $2,989,683
If you earned 7.00% your total would be $758,519
If you wait until age 32 to begin that plan your total will be $588,357
(If contribuitions are tax deductable, at marginal rate of 28.0% the actual cost of contributions is
At an average annual inflation rate of 2.0% the real value of your retirement fund will be only

2. $77,760 )
$607,491

3. You can change any value in the white boxes and when you press quot;Enterquot;
all the values will be automatically recalculated
Retirement Calculator
Current Age 22 That fund $1,480,976 if earning
can last 20 years providing an annual
Expected retirement age 67 income of $139,794 with a real value of
$57,343
Monthly Contribution $200
Alternatively, with the same return and annual with-
Expected Rate of Return 9.0% drawals of $125,000 that fund would last for
approx. 26 years.
Your total contributions will be $108,000
At Retirement your fund will equal $1,480,976
If you earned 11.00% your total would be $2,989,683
If you earned 7.00% your total would be $758,519
If you wait until age 32 to begin that plan your total will be $588,357
(If contribuitions are tax deductable, at marginal rate of 28.0% the actual cost of contributions is
At an average annual inflation rate of 2.0% the real value of your retirement fund will be only

4. 7.0%
years providing an annual
with a real value of
e return and annual with-
that fund would last for
$77,760 )
$607,491

5. Planning for a Retirement Target
If you want to retire by age 65
And have a retirement fund of $1,000,000
With an annual rate of return of 7.00%
The amount you will have to set aside each month
If you start at age 20 $263.67
If you start at age 25 $380.98
If you start at age 30 $555.23
If you start at age 35 $819.69
If you start at age 40 $1,234.46
If you start at age 45 $1,919.66
If you start at age 50 $3,154.95
If you start at age 55 $5,777.51
(In order to achieve this, starting at age 20, you would need to set aside $8.67 a day)
(If your are in the 28% tax bracket your actual cost will be only $6.24 a day)

7. The Savings Twins-One Starts Early,
If you start saving at age 20
And you put away each month $250.00
In investments that earn 9%
And you continue for just 10
You will have to contribute only $30,000
Then if you make no further contributions
at all until you finally retire at age 65
Your retirement fund will grow to $987,599
If there is inflation over those years, averaging
2.00%
Then the real value of your Retirement Fund will be
$405,110

9. The Savings Twins-One Starts Early,
If you start saving at age 20
And you put away each month $250.00
In investments that earn 9%
And you continue for just 10
You will have to contribute only $30,000
Then if you make no further contributions
at all until you finally retire at age 65
Your retirement fund will grow to $987,599
If there is inflation over those years, averaging
2.00%
Then the real value of your Retirement Fund will be
$405,110

10. The Other Late
Alternatively suppose your twin sister waits
until she reachs age 30 to begin saving
Then if she saves the same amount
each month at the same rate of return,
She will contribute $73,750
but end up with only $735,446
She will have to save 25 more years
but will end up with $252,152 less!!

11. ###