Quick Estimator: Retirement Funds Needed to Maintain Lifestyle
Add estimated monthly financial requirements for an anticipated lifestyle if you were to retire today.
The calculator will estimate+ the total pot you will need at retirement to maintain this lifestyle throughout a typical post-retirement duration, making allowances for inflation, wellness and longevity.
Retirement Calculator Results+
This section will display an estimated total retirement fund required to match your current monthly cost of living and lifestyle, after inflation.
Retirement is Surprisingly Expensive, Especially With Standards to Maintain
Not ONE of the Bullion.Directory team was even CLOSE to correctly estimating what we would require to maintain our current lifestyles in retirement. This is in spite of retirement planning forming a major part of the work we do with specialist providers.
So if WE underestimated our needs, it’s hardly surprising that most Americans don’t have anything approaching enough in their retirement accounts to allow for maintaining a degree of lifestyle quality.
This doesn’t even take into consideration increasing health costs and the impact of poor health both on life quality and longevity. It’s depressing. We’re all depressed just from setting the calculator up – and rightfully so.
If you play around with the calculator, you’ll quickly realize that a big ‘plus’ of being unhealthy is you’ll require less money in retirement. This seems counter-intuitive until you realize you only need less because typical longevity is greatly reduced… and it gets worse.
The money you DO need will be spent to a far greater degree on your enhanced health needs, meaning less will be available for lifestyle.
Yes, it just gets more and more depressing!
Is Gold a Potential Solution?
Our Gold Accumulation Plan Calculator and the Gold IRA Accumulation Calculator both look at how well gold performs in a growth-focused portfolio and a highly tax-advantaged Gold IRA.
Our other gold price calculators look at gold’s historic and potential performance against other asset classes – with sometimes surprising results.
If your retirement plans are currently behind where you’d like them to be in terms of future lifestyle, Bullion.Directory’s current Top Gold IRA Companies all offer no-cost guides and information packs, as well as low or no-cost set fees.
So it’s never too late. Unless you’re set to retire tomorrow…
This calculator does not provide personalized financial advice and does not take into account your specific financial situation or goals, rather it uses averages taken from established and peer-reviewed data-sets.
Actual requirements may vary based on individual circumstances, market conditions, and specific health costs. Inflation rates used are averages and may not reflect future inflation patterns. Additional costs for health based on health status are estimated averages and may not encompass all potential health-related expenses. The retirement duration, based on health status, is an estimate and may not align with individual life expectancy.
Inflation Rates: The calculator uses two average annual inflation rates; 2.699% (CPI 25 year) and 4.813% (real-world 25 year) to produce the required retirement fund ranges after inflation.
Health Status Impact: The calculator adjusts the total retirement fund needed based on the user’s health status, with good health having no additional cost, average health calculating a 26% additional cost and poor health resulting in a 51% additional cost.
Retirement Duration: Estimated retirement duration combines health status and post-retirement longevity data, giving an average length of retirement of 27 years for users in good health, 23 years for those of average health and 16 years for those in poor health.
Material provided on the Bullion.Directory website is strictly for informational purposes only. The content is developed from sources believed to be providing accurate information. No information on this website is intended as investment, tax or legal advice and must not be relied upon as such. Please consult legal or tax professionals for specific information regarding your individual situation. Precious metals carry risk and investors requiring advice should always consult a properly qualified advisor. Bullion.Directory, it's staff or affiliates do not accept any liability for loss, damages, or loss of profit resulting from readers investment decisions.
