How Long Will My Retirement Savings Last Calculator
Stretching retirement savings can be challenging. Our calculator makes it easy to plan for your golden years and see if you’re on the right track.
Maximize Your Nest Egg Longevity
Use this calculator to see how long your retirement savings will last. It’s based on your retirement savings and inflation-adjusted withdrawals.
Current Rates
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ACCOUNT TYPE |
MINIMUM BALANCE* |
DIVIDEND RATE |
APY** |
|---|---|---|---|
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*Minimum average daily balance required to earn dividends. Membership Shares, IRA Savings, IRA Certificates and Special Savings dividends are based on the average daily balance and are posted quarterly. Checking, Money Market and non-IRA Certificate Accounts are based on the average daily balance and are posted monthly. Certificate Accounts are subject to penalties for early withdrawal. Please contact one of our Financial Services Representatives for further information about applicable fees. IRA Certificates may be subject to additional Internal Revenue Service penalties for early withdrawal. Certificate rates are fixed for the term purchased. All other rates and yields subject to change without notice. **APY is Annual Percentage Yield. Balance required to earn dividends: $25 |
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ACCOUNT TYPE IRA Savings Account |
MINIMUM BALANCE* $25 |
DIVIDEND RATE 0.25% |
APY** 0.25% |
|
ACCOUNT TYPE IRA Certificates (CD) with 12 to 23 month term |
MINIMUM BALANCE* $2,000 |
DIVIDEND RATE 3.50% |
APY** 3.55% |
|
ACCOUNT TYPE IRA Certificates (CD) with 24 to 35 month term |
MINIMUM BALANCE* $2,000 |
DIVIDEND RATE 3.40% |
APY** 3.44% |
|
ACCOUNT TYPE IRA Certificates (CD) with 36 to 47 month term |
MINIMUM BALANCE* $2,000 |
DIVIDEND RATE 3.35% |
APY** 3.39% |
|
ACCOUNT TYPE IRA Certificates (CD) with 48 to 59 month term |
MINIMUM BALANCE* $2,000 |
DIVIDEND RATE 3.40% |
APY** 3.44% |
|
ACCOUNT TYPE IRA Certificates (CD) with 60 month term |
MINIMUM BALANCE* $2,000 |
DIVIDEND RATE 3.45% |
APY** 3.51% |
Retirement Savings Calculator FAQs
A higher inflation rate means your money won’t go as far each year. Adjust the “Expected inflation rate” field to see best and worst-case scenarios.
Retiring early means you’ll need to rely on your retirement savings for more years. This can shorten how long your savings will last. Starting withdrawals earlier also potentially gives your investments less time to grow.
Saving more before retirement and aiming for a higher rate of return on investments can help extend your savings. Reducing spending or upping your retirement age can help as well. A part-time job can increase your retirement income.
Financial experts often recommend planning for a moderate return rate of 4-6% after inflation. Using a higher return rate in the calculator assumes more investment risk.
No, the calculator only looks at your savings balance. It does not account for extra taxes and penalties if you take early withdrawals from retirement funds like 401ks, a Traditional IRA, or a Roth IRA. An investment advisor can help you plan for taxes in retirement.
You may need to reduce spending, work longer, or increase savings if possible. You might also consider contacting a financial advisor to help create a retirement plan.
Inflation causes prices to rise over time. As such, it can significantly reduce what you can purchase with your retirement dollars. Factoring in inflation provides a more realistic estimate of how long your savings will last.