CNN Money.com: http://cgi.money.cnn.com/tools/retirementplanner/retirementplanner.jsp
Data: 65yrs, 70% of income, Ed saving nothing, me saving 10% of pay, takes Social Security into account, but has limited options for 401k investements -you have no idea what return they're expecting and none of them match my portfolio well:
Result with ”Balanced” portfolio: “To save $811,686, your investments need to gain an average of 9.96% from now until retirement. We estimate that there is a 36% chance of this happening.”
Result with ”Active” portfolio: “To save $811,685, your investments need to gain an average of 9.96% from now until retirement. We estimate that there is a 52% chance of this happening. ”
Result with ”Aggressive” portfolio: “To save $811,685, your investments need to gain an average of 9.96% from now until retirement. We estimate that there is a 72% chance of this happening.” (22% chance of retirement by age 60)
Modifications: Saving $7398 more a year would give us a 91% chance of reaching our retirement goals. (41% chance of retirement by age 60)
Smartmoney.com:
http://www.smartmoney.com/retirement/401k/index.cfm?story=planner
Data: Retire at 60, w/ $38,000 a year, 10% 401k contribution, 8% return, with Social Security taken into account. Does not take Ed into account at all.
Result: Savings will last until I'm 90yrs.
401k Toolbox:
https://www.401ktoolbox.com/toolbox/display.jsp?page=calc
Data: Retire at 60, w/ 80% of salary, Ed not taken into account, 10% contribution, 401k portfolio “Moderate Growth”, Social Security taken into account
Result:: 45% chance of reaching my goal with 401k portfolio “Moderate Growth”
Result:: 62% chance of reaching my goal with 401k portfolio “Growth”
