RETIREMENT CALCULATORS

HOW MUCH MONTHLY INCOME MAY I EXPECT TO BE ABLE TO DRAW DURING MY RETIREMENT?

CONTRIBUTION PERIOD AND GROWTH PERIOD The CONTRIBUTION period is the time during which you contribute to your retirement fund. You may contribute to your retirement for 30 years for example, and then let it grow for another 10 years during which time you do not contribute. This 10 year period is called the GROWTH period. In most cases the CONTRIBUTION period and the GROWTH period are one and the same. Contributions are generally regular periodic contributions made monthly, every paycheque (every 2 weeks), quarterly, yearly, etc; but from time to time contributions may also involve an initial lump-sum that is often larger than the periodic contributions. In some cases you may simply make a one-time lump-sum contribution and no further periodic contributions.
Amount of my initial contribution (optional)	$
Amount I will contribute on a periodic basis (optional)	$
How often I will contribute per year
Number of years I will contribute
GROWTH PERIOD The GROWTH period is often the same as the CONTRIBUTION period. However, if they are not the same:
Number of years I will let my investment grow AFTER I have stopped making contributions (optional)
INCOME PERIOD The INCOME period is the period after CONTRIBUTION and GROWTH during which you draw all the money in your retirement fund as monthly income.
Number of years I want to draw monthly income from my fund