It appears that your current savings will only provide enough income to age 74. To provide the income you desire, you will need to save an additional $2,303 per year (5.1% of your income) before tax or $192 a month. <div id="chart1Container">Chart will load here</div> <script type="text/javascript"> <!-- var myChart1 = new FusionCharts( "MSColumn2D", "myChart1Id", "100%", "100%", "0", "1" ); myChart1.setXMLData("<chart showValues='0' showFCMenuItem='0' decimals='0' formatNumberScale='0' caption='Retirement Analysis' xAxisName='Your Age' numberPrefix='$' bgColor='FFFFFF' showBorder='1' borderColor='FFFFFF' borderThickness='1' canvasBgColor='ffffff' showAlternateHGridColor='0' plotGradientColor='' numberSuffix='' thousandSeparator=',' decimalSeparator='.'><categories><category label='27' /><category label='' /><category label='' /><category label='30' /><category label='' /><category label='' /><category label='33' /><category label='' /><category label='' /><category label='36' /><category label='' /><category label='' /><category label='39' /><category label='' 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class='pure-table pure-table-bordered' role='grid'><tr><th scope="col">Age</th><th scope="col">Salary @ 3.0%</th><th scope="col">Beginning Retirement Balance</th><th scope="col">Interest<br/>Pre-Ret 8.0%<br/>Post-Ret 8.0%</th><th scope="col">Current Savings</th><th scope="col">Desired Retirement Income <br/>75.0%</th><th scope="col">Pension Income</th><th scope="col">Social Security Income</th><th scope="col">Retirement Account Withdrawals</th><th scope="col">Ending Retirement Balance</th></tr><tr><td role="rowheader" scope="row">27</td><td>$45,000</td><td>$17,000</td><td>$1,360</td><td>$0</td><td>$0</td><td>$0</td><td>$0</td><td>$0</td><td>$18,360</td></tr><tr><td role="rowheader" scope="row">28</td><td>46,350</td><td>18,360</td><td>1,469</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>19,829</td></tr><tr><td role="rowheader" scope="row">29</td><td>47,740</td><td>19,829</td><td>1,586</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>21,415</td></tr><tr><td role="rowheader" scope="row">30</td><td>49,173</td><td>21,415</td><td>1,713</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>23,128</td></tr><tr><td role="rowheader" scope="row">31</td><td>50,648</td><td>23,128</td><td>1,850</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>24,979</td></tr><tr><td role="rowheader" scope="row">32</td><td>52,167</td><td>24,979</td><td>1,998</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>26,977</td></tr><tr><td role="rowheader" scope="row">33</td><td>53,732</td><td>26,977</td><td>2,158</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>29,135</td></tr><tr><td role="rowheader" scope="row">34</td><td>55,344</td><td>29,135</td><td>2,331</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>31,466</td></tr><tr><td role="rowheader" scope="row">35</td><td>57,005</td><td>31,466</td><td>2,517</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>33,983</td></tr><tr><td role="rowheader" scope="row">36</td><td>58,715</td><td>33,983</td><td>2,719</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>36,702</td></tr><tr><td role="rowheader" scope="row">37</td><td>60,476</td><td>36,702</td><td>2,936</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>39,638</td></tr><tr><td role="rowheader" scope="row">38</td><td>62,291</td><td>39,638</td><td>3,171</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>42,809</td></tr><tr><td role="rowheader" scope="row">39</td><td>64,159</td><td>42,809</td><td>3,425</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>46,234</td></tr><tr><td role="rowheader" scope="row">40</td><td>66,084</td><td>46,234</td><td>3,699</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>49,932</td></tr><tr><td role="rowheader" scope="row">41</td><td>68,067</td><td>49,932</td><td>3,995</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>53,927</td></tr><tr><td role="rowheader" scope="row">42</td><td>70,109</td><td>53,927</td><td>4,314</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>58,241</td></tr><tr><td role="rowheader" scope="row">43</td><td>72,212</td><td>58,241</td><td>4,659</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>62,900</td></tr><tr><td role="rowheader" scope="row">44</td><td>74,378</td><td>62,900</td><td>5,032</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>67,932</td></tr><tr><td role="rowheader" scope="row">45</td><td>76,609</td><td>67,932</td><td>5,435</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>73,367</td></tr><tr><td role="rowheader" scope="row">46</td><td>78,908</td><td>73,367</td><td>5,869</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>79,236</td></tr><tr><td role="rowheader" scope="row">47</td><td>81,275</td><td>79,236</td><td>6,339</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>85,575</td></tr><tr><td role="rowheader" scope="row">48</td><td>83,713</td><td>85,575</td><td>6,846</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>92,421</td></tr><tr><td role="rowheader" scope="row">49</td><td>86,225</td><td>92,421</td><td>7,394</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>99,815</td></tr><tr><td role="rowheader" scope="row">50</td><td>88,811</td><td>99,815</td><td>7,985</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>107,800</td></tr><tr><td role="rowheader" scope="row">51</td><td>91,476</td><td>107,800</td><td>8,624</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>116,424</td></tr><tr><td role="rowheader" scope="row">52</td><td>94,220</td><td>116,424</td><td>9,314</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>125,738</td></tr><tr><td role="rowheader" scope="row">53</td><td>97,047</td><td>125,738</td><td>10,059</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>135,797</td></tr><tr><td role="rowheader" scope="row">54</td><td>99,958</td><td>135,797</td><td>10,864</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>146,661</td></tr><tr><td role="rowheader" scope="row">55</td><td>102,957</td><td>146,661</td><td>11,733</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>158,394</td></tr><tr><td role="rowheader" scope="row">56</td><td>106,045</td><td>158,394</td><td>12,671</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>171,065</td></tr><tr><td role="rowheader" scope="row">57</td><td>109,227</td><td>171,065</td><td>13,685</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>184,750</td></tr><tr><td role="rowheader" scope="row">58</td><td>112,504</td><td>184,750</td><td>14,780</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>199,530</td></tr><tr><td role="rowheader" scope="row">59</td><td>115,879</td><td>199,530</td><td>15,962</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>215,493</td></tr><tr><td role="rowheader" scope="row">60</td><td>119,355</td><td>215,493</td><td>17,239</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>232,732</td></tr><tr><td role="rowheader" scope="row">61</td><td>122,936</td><td>232,732</td><td>18,619</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>251,351</td></tr><tr><td role="rowheader" scope="row">62</td><td>126,624</td><td>251,351</td><td>20,108</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>271,459</td></tr><tr><td role="rowheader" scope="row">63</td><td>130,423</td><td>271,459</td><td>21,717</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>293,176</td></tr><tr><td role="rowheader" scope="row">64</td><td>134,335</td><td>293,176</td><td>23,454</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>316,630</td></tr><tr><td role="rowheader" scope="row">65</td><td>138,365</td><td>316,630</td><td>25,330</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>341,960</td></tr><tr><td role="rowheader" scope="row">66</td><td>142,516</td><td>341,960</td><td>27,357</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>369,317</td></tr><tr><td role="rowheader" scope="row">67</td><td>146,792</td><td>369,317</td><td>29,545</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>398,862</td></tr><tr><td role="rowheader" scope="row">68</td><td>151,195</td><td>398,862</td><td>31,909</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>430,771</td></tr><tr><td role="rowheader" scope="row">69</td><td>155,731</td><td>430,771</td><td>34,462</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>465,233</td></tr><tr><td role="rowheader" scope="row">70</td><td>0</td><td>465,233</td><td>37,219</td><td>0</td><td>120,302</td><td>0</td><td>0</td><td>120,302</td><td>382,149</td></tr><tr><td role="rowheader" scope="row">71</td><td>0</td><td>382,149</td><td>30,572</td><td>0</td><td>123,912</td><td>0</td><td>0</td><td>123,912</td><td>288,809</td></tr><tr><td role="rowheader" scope="row">72</td><td>0</td><td>288,809</td><td>23,105</td><td>0</td><td>127,629</td><td>0</td><td>0</td><td>127,629</td><td>184,285</td></tr><tr><td role="rowheader" scope="row">73</td><td>0</td><td>184,285</td><td>14,743</td><td>0</td><td>131,458</td><td>0</td><td>0</td><td>131,458</td><td>67,570</td></tr><tr><td role="rowheader" scope="row">74</td><td>0</td><td>67,570</td><td>5,406</td><td>0</td><td>135,401</td><td>0</td><td>0</td><td>72,976</td><td>0</td></tr><tr><td role="rowheader" scope="row">75</td><td>0</td><td>0</td><td>0</td><td>0</td><td>139,464</td><td>0</td><td>0</td><td>0</td><td>0</td></tr><tr><td role="rowheader" scope="row">76</td><td>0</td><td>0</td><td>0</td><td>0</td><td>143,647</td><td>0</td><td>0</td><td>0</td><td>0</td></tr><tr><td role="rowheader" scope="row">77</td><td>0</td><td>0</td><td>0</td><td>0</td><td>147,957</td><td>0</td><td>0</td><td>0</td><td>0</td></tr><tr><td role="rowheader" scope="row">78</td><td>0</td><td>0</td><td>0</td><td>0</td><td>152,396</td><td>0</td><td>0</td><td>0</td><td>0</td></tr><tr><td role="rowheader" scope="row">79</td><td>0</td><td>0</td><td>0</td><td>0</td><td>156,967</td><td>0</td><td>0</td><td>0</td><td>0</td></tr><tr><td role="rowheader" scope="row">80</td><td>0</td><td>0</td><td>0</td><td>0</td><td>161,676</td><td>0</td><td>0</td><td>0</td><td>0</td></tr><tr><td role="rowheader" scope="row">81</td><td>0</td><td>0</td><td>0</td><td>0</td><td>166,527</td><td>0</td><td>0</td><td>0</td><td>0</td></tr><tr><td role="rowheader" scope="row">82</td><td>0</td><td>0</td><td>0</td><td>0</td><td>171,523</td><td>0</td><td>0</td><td>0</td><td>0</td></tr><tr><td role="rowheader" scope="row">83</td><td>0</td><td>0</td><td>0</td><td>0</td><td>176,668</td><td>0</td><td>0</td><td>0</td><td>0</td></tr><tr><td role="rowheader" scope="row">84</td><td>0</td><td>0</td><td>0</td><td>0</td><td>181,968</td><td>0</td><td>0</td><td>0</td><td>0</td></tr></table>