Enter information about your savings in the Lifetime Planner

In this section, you’ll enter savings you expect to accumulate in the future. The Lifetime Planner uses this information to project how you’ll pay for expenses in retirement or during other stages of your plan.

1. Open the Planning tab and select Lifetime Planner.

2. Click Plan Assumptions if the assumptions list isn’t already visible.

3. Click Savings in the list.

4. The Savings dialog opens.

Add or edit a savings account

Click New to enter a new savings source, or select an existing savings entry and click Edit to update it.

Savings accounts in the Lifetime Planner represent expected future contributions—not existing balances. To include current balances, be sure the account is listed in your net worth and marked for inclusion in your plan.

You can enter two types of savings:

• Tax-deferred savings: Savings into plans like traditional IRAs or 401(k)s where taxes are deferred.

• Taxable savings: Savings into regular accounts that are not tax-deferred.

📝 These are savings accounts only—not investment accounts.

Set your contribution details

Choose how you want to define your contributions:

• A percentage of salary
  Select My salary, Spouse's salary, or Combined salary and enter the percentage you expect to save.

• A specific dollar amount
  Enter a set amount that will increase annually by a percentage you define.

💡 Quicken uses 3% as the default annual increase to match the estimated inflation rate. You can adjust this as needed.

Set the contribution schedule

Choose your contribution frequency:

• One-time contribution: For example, a financial gift or lump sum deposit.

• Regular contribution: For example, an automatic transfer from each paycheck.

Enter the start and stop dates for this contribution to define how long it continues.

Specify account usage

Click Details to tell Quicken how the account should be used in your plan.

• Choose Use for general expenses if the savings should help cover living costs.

• Choose Use for a specific expense to tie the account to a particular future event, like education or home repair.

📊 You can track progress toward these goals in the Event Status view on the Planning tab.

Currency reminder

The Lifetime Planner supports only U.S. dollars.

💵 If you’re using a multicurrency Quicken file:

• All account balances will be converted to USD for planning.

• Make sure your currency list includes U.S. dollars and that your exchange rate is up to date.

Not Available in Canada

This tool is unavailable for users of our Canadian products.