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Retirement

When Should I Begin Saving For Retirement?

Good (54 Ratings)

2.777776/5

A penny saved is a penny earned, but a penny saved today is usually a penny earning more than a penny saved tomorrow. Use this calculator to determine how much more you could accumulate at retirement by beginning your savings plan today rather than waiting.

Savings and Assumptions	Input
Current age	(1-99)
Anticipated retirement age	(1-99)
Annual savings amount	$
Annual saving increases: (%)	(0-10)%
Before-tax return on savings: (%)	(0-12)%
Marginal tax bracket: (%)	(0-50)%
Compounding/savings frequency	WeeklyBi-WeeklySemi-MonthlyMonthlyAnnually

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Savings and Assumptions
Current age
Anticipated retirement age
Annual savings amount
Annual saving increases: (%)
Before-tax return on savings: (%)
Marginal tax bracket: (%)
Compounding/savings frequency

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{ "WS" : "ads1.finance.vip.sp1.yahoo.com/CalcService", "fields" : { "udata" : [ "current_age" , "retirement_age" , "annual_savings" , "saving_increases" , "before_tax_return" , "tax_bracket" , "compounding" ], "rdata" : { "results_paragraph" : "results_paragraph" , "chart" : "chart" , "years" : { "year" : [ { "name" : "@years_to_wait", "label" : "Years To Wait" } , { "name" : "@age", "label" : "Start Age" } , { "name" : "@years_to_save", "label" : "Years To Accumulate" } , { "name" : "@yearly_amount", "label" : "Yearly Amount" } , { "name" : "@fv_beforetax", "label" : "Future Value At Retirement (before-tax)" } , { "name" : "@fv_aftertax", "label" : "Future Value At Retirement (after-tax)" } ] } } } }

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This calculator is provided by Financial Calculators, Inc., and is intended solely for general information and educational purposes. You should not take any action on the basis of the information provided through this calculator. Please see the disclaimer for further information and limitations.

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Good (54 Ratings)

3/5

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Rates

See today's average rates across the country.

• Mortgage

  Loan Type	Today	Last Week
  30 Year Fixed	5.69%	5.77%
  15 Year Fixed	5.28%	5.35%
  1 Year ARM	5.85%	5.90%
  30 Year Fixed Jumbo	6.97%	7.07%
  5/1 ARM	5.09%	5.39%
  3/1 ARM	5.02%	5.35%

  Source: Bankrate
• Home Equity

  Loan Type	Today	Last Week
  $30K Home Equity Loan	7.42%	7.41%
  $50K Home Equity Loan	7.26%	7.26%
  $75K Home Equity Loan	7.50%	7.50%
  $30K HELOC	5.02%	5.06%
  $50K HELOC	4.17%	4.18%
  $75K HELOC	4.16%	4.17%

  Source: Bankrate
• Savings

  Savings Type	Today	Last Week
  6 month CD	2.76%	2.75%
  1 year CD	3.03%	3.01%
  3 year CD	3.18%	3.15%
  MMA	2.35%	2.37%
  $10K MMA	2.54%	2.56%
  $25K MMA	2.93%	2.93%

  Source: Bankrate
• Auto

  Loan Type	Today	Last Week
  36 Month New Car Loan	6.66%	6.64%
  48 Month New Car Loan	6.58%	6.77%
  60 Month New Car Loan	6.57%	6.54%
  72 Month New Car Loan	7.10%	7.11%
  36 Month Used Car Loan	7.17%	7.20%
  48 Month Used Car Loan	6.89%	7.11%

  Source: Bankrate
• Credit Cards

  Card Type	Today	Last Week
  Balance Transfer	10.31%	10.03%
  Low Interest	11.01%	10.97%
  For Bad Credit	13.02%	13.12%
  Cash Back	11.47%	11.46%
  Business	11.10%	10.91%
  Airline	12.75%	12.69%

  Source: CreditCards.com

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