Fidelity Retirement Calculators Your retirement vision: Manage investments \ Set and reach goals \ Reach maximum potential Annual contribution to your retirement investments: Additional annual contribution (if any): Current Retirement Investment Balance: Expected annual rate of return (percentage): Number of years until retirement: Monthly Spending in Retirement (After Taxes): Current Age: Calculated Retiremnt Balance: $0.00 var annualContribution = 0; var additionalContribution = 0; var balance = 0; var expectedAnnualReturnRate = 0; var yearsToRetirement = 0; var monthlySpending = 0; var age = 0; // Get values from user input function getValues() { annualContribution = parseFloat(document.getElementById("contribution").value); additionalContribution = parseFloat(document.getElementById("additional").value); balance = parseFloat(document.getElementById("balance").value); expectedAnnualReturnRate = parseFloat(document.getElementById("return").val); yearsToRetirement = parseInt(document.getElementById("years"))).value; monthlySpending = parseFloat(document.getElementById("spending").value); age = parseInt(document.getElementById("age").value); } // Calculate the retirement balance and display it function calculate() { getValues(); //Calculate the total annual contribution var totalAnnualContribution = annualContribution + additionalContribution; // Calculate the compounded annual return rate (for an average return rate of 7%) var compoundedAnnualReturnRate = Math.pow((1 + (expectedAnnualReturnRate/100)), (1/12))-1; // Calculate the future value of the retirement savings var retirementBalance = balance; for (var i = 0; i < yearsToRetirement * 12; i++) { retirementBalance = retirementBalance * (1 + compoundedAnnualReturnRate) + totalAnnualContribution; } // Calculate the number of years of retirement that can be supported var yearsOfRetirementSupport = parseInt(retirementBalance / (monthlySpending * 12)); // Account for the current age and add it to the number of years of retirement // that can be supported yearsOfRetirementSupport += (age + yearsToRetirement); // Display the calculated retiremnet balance document.getElementById('calculatedBalance').innerHTML = "$" + retirementBalance.toFixed(2); // Display the number of years of retirement that can be supported alert("Your retirement balance will allow you to retire for " + yearsOfRetirementSupport + " years!"); } A Guide to Fidelity Retirement Calculators As you plan for retirement, there are a number of tools and resources available to you to help you understand the financial aspects of this important life decision. Fidelity retirement calculators are one of these resources. These calculators allow people to get an estimate of their retirement income and make an informed decision about planning for the future. In this guide, we'll discuss what Fidelity retirement calculators are and how they can be helpful in making retirement decisions. What Are Fidelity Retirement Calculators? Fidelity retirement calculators are online tools designed to help people estimate their retirement financial outcome. They are designed to look at your current financial situation and deliver a projection of the future. These calculators involve inputs such as your current savings, sources of retirement income, expected Social Security or pension payments, and other variables. The goal is to estimate income and expenses during retirement, so you can plan appropriately. The Benefits of Using Fidelity Retirement Calculators The primary benefit of using Fidelity retirement calculators is that it gives you an estimate of your retirement financial situation. It takes into account all of the variables, such as investments, Social Security benefits, and other income sources. This helps you plan appropriately by showing your future retirement income and expenses before it's too late to make necessary adjustments. It also gives you a good idea of how much you'll need to save now in order to achieve your retirement goal. How to Use Fidelity Retirement Calculators Using Fidelity retirement calculators is simple. All you need to do is visit the Fidelity website and enter your information. The calculator will provide you with an estimate of your retirement income and expenses. It is important to note that this is just an estimate. It is not guaranteed, but it gives you an idea of how you can plan your retirement. You should regularly update the calculator with any changes in your financial situation to get an accurate estimate. Tips for Using Fidelity Retirement Calculators Aside from regularly updating the calculator with any changes to your financial situation, there are a few other tips to consider when using Fidelity retirement calculators. Firstly, make sure to include all of your assets, liabilities, and incomes. This includes investments, Social Security benefits, pensions and other retirement income sources. It is also important to check the assumptions the calculator makes about future taxes and inflation rates as these could affect your retirement outcome. Conclusion Fidelity retirement calculators are a great tool for planning for the future. By inputting your financial information, you can get an estimate of your retirement income and expenses. This allows you to adjust and plan ahead for the future. However, it is important to remember that this is just an estimate and you should regularly update the calculator with any changes in your financial situation in order to get the most accurate results.