Calculate retirement need & savings effort required

Taking into consideration the assumed inflation rate and assumed interest rate on savings, before and after your retirement, the retirement calculator calculates what lump sum you will need at your retirement date to provide you with the income you wish for. It is important to note that if you are correct in your assumption of the inflation rate and interest rate, you will receive an income at retirement that is equivalent value to the income you request for a term equal to the avarage life expectancy of people of your gender that retire at the same age as you. There is a risk is that you could live longer than last mentioned avarage so you should take this into consideration.