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Some basic assumptions are made about the inflation rate, percentage
of final pay needed at retirement, growth rate of investments, Social Security income, and
Social Security growth rate. If you have better assumptions, please substitute your numbers.
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| Years Until Retirement | Year of Retirement | ||
| Projected Income at Retirement | Required Monthly Savings | ||
| Yearly Retirement Income Need | Less 401K Monthly Savings | ||
| Annual Social Security Income | Less Monthly Employer Match | ||
| Savings Goal At Retirement | |||
| Less Estimated Value of Tax Deferred Income | |||
| Less Estimated Value of Taxable Investments | |||
| Less Future Value of Social Security Income | |||
Savings Gap |
Net Required Monthly Savings |