Erdman Financial Group
How big does your nest egg actually need to be? Enter the monthly income you want in retirement and we'll work backwards to give you a real target number.
Your Information
About You
Your Retirement Income Goal
Assumptions
You tell us the monthly income you want in retirement. We work backwards to figure out exactly how large your nest egg needs to be on day one of retirement to sustain that income for your entire retirement, accounting for inflation the whole time.
If you include Social Security, we estimate your monthly benefit based on your income and subtract it from your income gap. Your savings only needs to cover what Social Security doesn't.
We then compare that target against what your current savings and monthly contributions are projected to grow into by the time you retire. The result tells you whether you're on track, ahead, or need to close a gap.
Your Nest Egg Target
needed at retirement to fund $0/mo
Monthly Income at Retirement
Plain English Summary
Your results will appear here
Fill in your information and click Calculate
Take the Next Step
Now that you have a target, let's talk about how to hit it. A real retirement income plan considers tax strategy, Social Security timing, investment allocation, and the income your savings actually needs to produce. If any of this resonates, I'd love to have that conversation.
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