Retirement calculator for Married Couples Couple's income Current age of couple: Age you plan to retire: Current income: Total amount needed in retirement: Current savings: Total savings needed: function calculateTotalSavings() { const currentAge = Number(document.querySelector("[name=currentAge]").value); const retirementAge = Number(document.querySelector("[name=retirementAge]").value); const currentIncome = Number(document.querySelector("[name=currentIncome]").value); const amountNeeded = Number(document.querySelector("[name=amountNeeded]").value); const currentSavings = Number(document.querySelector("[name=currentSavings]").value); const yearsToRetire = retirementAge - currentAge; const grossSavingNeeded = amountNeeded - currentSavings; const annualSavings = (grossSavingNeeded) / (yearsToRetire * 12); const savingsAsPercentageOfIncome = (annualSavings/currentIncome) * 100; document.querySelector("[name=totalSavings]").value = savingsAsPercentageOfIncome; } Planning For Retirement As A Married Couple: What You Need To Know Retirement planning can be a difficult task, but when you’re married, it’s important to think about how your decisions today will affect both of you in the future. Many couples don’t take the time to discuss retirement and the strategies needed to achieve their retirement goals – which can be complicated and overwhelming. That’s why it’s so important to use the best retirement calculators for married couples. These tools give you an idea of how much you need to save for retirement and what strategies you should use to reach your goals. In this article, we’ll discuss the importance of planning for retirement as a married couple. We’ll also review some of the best retirement calculators for married couples so you can make sure you’re on track to reach your retirement goals. The Importance of Planning for Retirement When you’re married, it’s important to plan for retirement as a couple. This includes understanding the risks associated with retirement, such as inflation, lifestyle choices, health care costs, and lifestyle issues. It’s also important to plan for retirement income, assets, and other investments you’ll need in retirement. Retirement planning isn’t something you can do on a whim. You should take the time to discuss your retirement goals and expectations for the future so you can develop a plan to help you reach them. Using the best retirement calculators for married couples can also help you make sure you’re on track to reach your goals and that you’re making the right choices. Retirement calculators can help you understand the expected returns on different investments, the projected cost of living once you retire, and any unexpected costs you’ll incur in retirement. Best Retirement Calculators for Married Couples When you’re looking for the best retirement calculators for married couples, there are a few factors to consider. Look for calculators that take into account both of your incomes, your projected inflation rate, any pensions or benefits you may have, and the amount of savings you’re contributing to your retirement funds. The most important factor is to find the retirement calculator that is right for you. There are many different models you can choose from, so take time to research which one is the best fit. Here are a few of the best retirement calculators for married couples: American Association of Retired Persons (AARP) – This calculator takes into account everything from Social Security and Medicare to your expected monthly income. It also incorporates your spouse’s contributions and any pensions you have. Fidelity Retirement Calculator – This calculator factors in inflation, taxes, and potential Social Security and spousal benefits. It can also help you project when you might need to tap into investments. USAA Retirement Calculator – This calculator is designed to help military couples plan for retirement. It takes into account your military service, any special benefits you may have, and any investments you’ve already made. Vanguard Retirement Calculator – This calculator helps couples determine the amount they need to save for retirement and the best ways to invest their money. It also allows couples to save multiple scenarios and compare results. These are just a few of the best retirement calculators for married couples, but there are many more available. Make sure you take your time to find the one that best fits your needs and think about any other planning needs you may have. Conclusion Planning for retirement as a married couple is different from planning as an individual – it’s important to take the time to discuss your retirement goals and expectations. Using the best retirement calculators for married couples can help you make sure you’re on track to reach those goals. There are many different retirement calculators available, so make sure you take the time to do your research and find the one that’s right for you. With the right tools and resources, you can be sure you’re doing everything you can to ensure your retirement is secure.