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Retirement Income
Calculator
Picture payday after your last day of work.
Use this Retirement Income Calculator to estimate the income you could have each month after you retire.
Retirement Income FAQs
What should I know before using this calculator?
This calculator estimates the monthly income your retirement savings could provide, based on your contributions, an expected rate of return, and inflation. Results are estimates, so revisit them as your savings, timeline, or goals change.
Why does inflation matter for retirement income?
Inflation matters for retirement income because rising prices reduce what each dollar buys over time. A monthly amount that covers your bills now may cover less in 20 years, so this calculator factors inflation into your estimate.
Where else can retirement income come from?
Retirement income can come from Social Security, a pension, workplace plans like a 401(k), and personal savings such as an IRA. This calculator focuses on your savings, so keep your other sources in mind for a fuller picture.
Guidance for the Next Stage of Life
At City & County Credit Union, our partners at Servion Financial Advisors can help you plan for steady income in retirement:
- Asset allocation across mutual funds, bonds, and common stock
- Tax and estate planning
- Long-term care and disability planning
- Life insurance planning
Give Your Savings More Time to Grow
Keep contributing with a City & County IRA. Contributions may be tax deductible, and you won’t pay tax on earnings until you withdraw them.