I was very excited to use your calculator but I can't figure out what 1a, 1c, 1d, 2c, refer to as there are not any columns indicating 1a, 1b, etc. please help, thanks, Dave
4 Simple Steps to Planning for a Rich Retirement (Page 2 of 2)
Categories: Retirement Center
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Table 1 – Growth Table
What $1 will grow to at various interest (or inflation) rates:
| Year | 4% | 8% |
| 1 | 1.04 | 1.08 |
| 2 | 1.08 | 1.17 |
| 3 | 1.12 | 1.26 |
| 4 | 1.17 | 1.36 |
| 5 | 1.22 | 1.47 |
| 10 | 1.48 | 2.16 |
| 15 | 1.80 | 3.17 |
| 20 | 2.19 | 4.66 |
| 25 | 2.66 | 6.85 |
| 30 | 3.24 | 10.05 |
| 35 | 3.94 | 14.76 |
Table 2 – Future Value Table
What $1 received or invested at the end of each year will grow to at various interest (or inflation) rates.
| Year | 4% | 8% |
| 1 | 1.00 | 1.00 |
| 2 | 2.04 | 2.08 |
| 3 | 3.12 | 3.25 |
| 4 | 4.25 | 4.51 |
| 5 | 5.42 | 5.87 |
| 10 | 12.01 | 14.49 |
| 15 | 20.02 | 27.15 |
| 20 | 29.78 | 45.76 |
| 25 | 41.64 | 73.10 |
| 30 | 56.04 | 113.15 |
| 35 | 73.44 | 171.20 |
Table 3 – Savings Factor Table
For each $1 you’ll need in retirement, here’s the amount you should raise before you retire.
| Life expectancy at retirement | Savings Factor |
| 25 | .43 |
| 20 | .49 |
| 15 | .57 |
| 10 | .67 |
| 5 | .80 |
Check out our special calculators section for more retirement planning tools.
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October 5, 2009 9:44 AM
Same question for me too! I'm going to try to make the numbers a,b,c, equal 1,2,3, for each step and see what happens. However, I think it is important to get clarification and do this important computation correctly!
Dolan's, plese advise!!
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