See how much your retirement savings could grow by the time you retire, and how long your nest egg may last once you start living on it.
Want to talk through your retirement savings? Call us at (413) 733-2800 or schedule a time to talk.
Enter amounts in today's dollars. All fields are required.
Many people plan to age 90 or 95 to be safe.
What you expect to spend each month, in today's dollars.
Social Security, pension, or other regular income. Get your Social Security estimate at ssa.gov (opens in a new window).
Returns are hypothetical assumptions, not promised rates. Actual returns vary and can be negative for investments.
This calculator is for educational purposes only. Results are estimates based on the assumptions you enter, are shown before taxes, and assume your spending and other income both rise each year with inflation. Some pensions do not adjust for inflation, which would increase the amount you need from savings over time.
A few ways we can help you save for retirement
Save for retirement with a Traditional or Roth IRA savings account, with tax advantages and federal insurance from NCUA.
An IRA Term Share pays a fixed dividend rate for your chosen term, so you know exactly what your savings will earn.
Have questions about IRAs, transfers, or getting started? Our team can walk you through your options.
Your retirement nest egg is the savings you build up to support yourself after you stop working. How long it lasts depends on four main things: how much you save before retirement, how much you withdraw each month, the return your savings earn, and inflation.
Estimate what you will spend each month in retirement, then subtract income you can count on, such as Social Security or a pension. The difference is what your savings need to cover. The smaller the gap, the longer your nest egg can last.
Prices tend to rise over time, so your withdrawals will likely need to grow each year. Retirement can also last 30 years or more, which is why many people plan for their savings to last into their 90s.
Set your retirement age to your current age to see how long your current savings may last. If you have a traditional IRA, our required minimum distribution (RMD) calculator can help you estimate the withdrawals the IRS requires each year.
It depends on what you expect to spend each month, how much income you will receive from sources like Social Security or a pension, and how long you expect retirement to last. This calculator lets you test those numbers. A common starting point is to estimate the monthly gap between your expected spending and your other income, then see how large a nest egg it takes to cover that gap.
That depends on your balance at retirement, how much you withdraw, the return your savings earn, and inflation. Enter your numbers above to see an estimate of the age your savings could run out, or whether they could last through the age you plan for.
The 4% rule is a rule of thumb that suggests withdrawing about 4% of your savings in your first year of retirement, then adjusting that amount for inflation each year. It is based on historical market returns and is not a guarantee. Your own situation may call for a higher or lower rate.
Inflation raises the cost of living over time, so the same lifestyle costs more each year. This calculator increases your withdrawals each year by the inflation rate you enter, which shows how rising costs can shorten how long your savings last.
Yes. Social Security, pensions, and other regular income reduce how much you need to withdraw from savings. You can find your estimated Social Security benefit by creating an account at ssa.gov.
With a Traditional IRA, contributions may be tax-deductible and withdrawals are generally taxed as income, and required minimum distributions apply later in life. With a Roth IRA, contributions are made with after-tax dollars, qualified withdrawals are tax-free, and the original owner does not have to take required minimum distributions. Eligibility and limits apply, so talk with a tax advisor about which fits you.
Yes. IRA savings and IRA share certificates at Pioneer Valley Federal Credit Union are federally insured by the National Credit Union Administration (NCUA) up to $250,000, separately from your other accounts.
*APR = Annual Percentage Rate; APY = Annual Percentage Yield; Terms and conditions apply. Click here for Loan Rates & Disclosure. Click here for Home Loan Rates & Disclosure. Click here for Savings Rates & Disclosure.