Retirement Account Aggregation calculator
You can use this calculator to combine the contribution details of up to three retirement accounts to arrive at a total savings at the beginning of retirement and the monthly income stream.
To open this calculator, click Calculators in the toolbar, and then click Retirement > Retirement Account Aggregation in the left panel.
You can export the data as a PDF file or clear all data that you entered. For more information, see Financial calculators.
Notes
- The calculator discounts the present value of the future retirement savings using the inflation rate.
- The present value of the monthly income is as of the date of retirement.
Example
If the taxpayer no longer contributes to an IRA with $20,000, and has an active 401(k), what is the total expected retirement income?
Field | Input | |
---|---|---|
Account 1 | Account 2 | |
Current investment balance | $20,000 | $35,000 |
Annual contribution | $0 | $5,500 |
Years until retirement | 25 | 25 |
Annual rate of return | 8% | 8% |
Years of retirement | 20 | 20 |
Annual rate of return during retirement | 6% | 6% |
Inflation rate | 3% | 3% |
In this example, the two accounts combine for a total of $778,748.80 at retirement, and there is a monthly income of $5,579.20. The inflation adjusted present value of these two amounts is $371,934.77 and $2,664.66, respectively.
Internal notes
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