Retirement Tools

ByABC News
June 20, 2006, 2:30 PM

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How Much Social Security Will I Get?
Project your Social Security benefits. This calculator considers your age, expected length of retirement and any additional income you expect to earn after you are eligible to receive benefits. According to the Social Security Administration, the average single retiree will receive $955 in monthly benefits in 2005. The average retired couple will receive $1,574 in monthly benefits in 2005.

How Much Income Will I Need in Retirement?
Calculate your current monthly expenses to estimate your monthly expenses in retirement. Enter the number of years until you retire and the annual inflation rate. (Inflation has averaged between 3 and 4 percent over the past 15 or 20 years.)

How Can I Retire a Millionaire?
Calculate the length of time it will take you to save $1 million based on the savings information that you provide. This information includes the amount of your initial lump-sum investment, number of years to save, monthly savings amount, savings interest rate and inflation rate.