Dakota Plains Credit Union - Retirement Savings Calculator

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Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency

Retirement Savings Calculator
Use this calculator to compute how much you would need to have invested in order to withdraw a specified amount each month over the course of a specified period of time. For example, if you want to be able to withdraw $500 during each month of your expected 20-year retirement, this calculator will tell you that if you expect to earn a 10% interest rate you will need to have $51,812.30 saved up by the time you retire. This is often referred to as "Present Value of an Annuity" analysis. To compute the Present Value of an Annuity, fill in the first three text boxes and then click the "Compute" button.

Amount you would like to withdraw each month
Annual Interest Rate you expect to earn
Number of years you would like to make the monthly withdrawals

This is how much you need to have saved


Disclaimer Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
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Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency

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