How do I use the Retirement Calculator for a quick approximation?
The Retirement Calculator can give you a quick approximation of the funds available in your retirement accounts. Use it to answer questions such as: "If I retire in 10 years and put $2,000 into my IRA account every year until then, how much money will I have available?" You can use it before you enter information in the Retirement Planner, to give you an idea of how much more you'll need to save.
- Click the Planning tab.
- Choose Planning Tools > Retirement Calculator.
- In the Retirement Information area, enter information about your retirement account and when you plan to retire.
- If your retirement account is not a tax-deferred investment, click Non-Sheltered Investment.
- If the tax rates shown are incorrect for your income bracket, enter the correct tax rates in the fields provided.
- Enter the adjustments you want Quicken to make for inflation. (Optional)
- Click Calculate after entering the last value.
- To see the schedule of deposits you must make to achieve your retirement goal, click Schedule.