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Retirement Savings Calculator


First New Mexico Bank Las Cruces
Retirement Savings Calculator

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"How much should I be saving in order to retire on time?"

This calculator will help you answer that and other questions about your retirement savings and will create a detailed date based projected schedule and helpful charts.

Using This Calculator

  • "Your current age?": Enter your current age.
  • "Retirement Age?": Enter the age you expect to retire.
  • "Current Savings?": Enter the amount you already have invested in your retirement.
  • "Interest Rate (ROI)?": Enter the estimated percentage you expect your investments to grow each year
  • "Retirement Goal?": Enter the total amount you would like to have available when you retire.
  • Press the "Calc" button and the remaining fields will be calculated.
  • Press the "Schedule" button to see a date-based schedule of investments with information about how much interest has been earned, total balance, and other information.
  • Press the "Charts" button to see informational charts based on the current calculations.

 

*The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.