ÿþ<HTML> <HEAD> <TITLE>Retirement Pension Planner</TITLE> <META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=iso8859-1"> <META NAME="description" CONTENT="Financial Calculators, ©1998-2010 KJE Computer Solutions, LLC. For more information please see http://www.dinkytown.net"> <STYLE> <!-- BODY, TABLE, TD, TH, UL, OL, DD, DL, P, BR { font-family: helvetica, arial, sans-serif; font-size: 10pt; } H1 { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } DT { font-family: helvetica, arial, sans-serif; font-size: 10pt; font-weight: bold; } P.footer { font-family: helvetica, arial, sans-serif; font-size: 9pt; } DIV.large { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } --> </STYLE> </HEAD> <!-- Financial Calculators, ©1998-2008 KJE Computer Solutions, LLC. For more information please see: <A HREF="http://www.dinkytown.net">http://www.dinkytown.net</A> --> <SCRIPT LANGUAGE="JavaScript"> <!-- function doLeave() { //alert("leave the applet focus"); document.calcsubmit.btnCallCalc.focus(); } function showbuttons() { var agt = navigator.userAgent.toLowerCase(); var IEMAC = ((agt.indexOf("msie") != -1) && agt.indexOf("mac")!=-1); var N6 = (agt.indexOf("netscape6") != -1 || (agt.indexOf("netscape/6") !=-1 )); if ( N6 ) { return "Netscape 6 is unable to support our detailed reports. Please upgrade to Nescape 7 or higher.<P>"; } if ( IEMAC ) { return "<P>"; } return "<P><FORM name=calcsubmit><INPUT TYPE='button' value='Calculate' Name='btnCallCalc' onClick='document.calculator.calculate()'><INPUT TYPE='button' value='View Report' Name='btnOpenNote' onClick='openNote()'></FORM>"; } function openNote() { var agt=navigator.userAgent.toLowerCase(); var is_aol = (agt.indexOf("aol") != -1); leftpos=0; if (screen) { leftpos=screen.width/2 - 300; } if (is_aol) { var s = " "; s=document.calculator.sJavaScriptReport('HTML'); document.write(s); } else { var OpenWindow=window.open("","newwin","toolbar=yes,menubar=yes,location=no,directories=no,status=no,scrollbars=yes,resizable=yes,copyhistory=no,width=600,height="+(screen.height-120)+",left="+leftpos+",top=5"); var s = " "; s=document.calculator.sJavaScriptReport('HTML'); OpenWindow.document.write(s); OpenWindow.document.close(); OpenWindow.focus(); } } // --> </Script> <BODY bgcolor="#FFFFFF" LINK="#003399" VLINK="#666666" BGCOLOR="#FFFFFF"> <!-- \Title\ --> <P><CENTER><table border=0 bgcolor="#000000" width=468 cellspacing=1 cellpadding=0><tr><td width="100%"><table bgcolor="#FFFFDD" border=0 width=468 cellspacing=1 cellpadding=5><tr><td width="100%" align=center valign=middle><DIV class=large><a href="index.html" STYLE="text-decoration: none">100 Free Tax, Debt and Financial Calculators</a></DIV></td></tr></table></TD></TR></TABLE></CENTER> <!-- \Main Area\ --> <!-- Financial Calculators, ©1998-2008 KJE Computer Solutions, LLC. For more information please see: <A HREF="http://www.dinkytown.net">http://www.dinkytown.net</A> --> <H1>Retirement Pension Planner</H1><P>Do you know what it takes to work towards a secure retirement? Use this calculator to help you create your retirement plan. View your retirement savings balance and your withdrawals for each year until the end of your retirement. Social security is calculated on a sliding scale based on your income. Including a non-working spouse in your plan increases your social security benefits up to, but not over, the maximum.<P><CENTER> <!--[if IE]><object name="calculator" classid="clsid:8AD9C840-044E-11D1-B3E9-00805F499D93" codebase="http://java.sun.com/update/1.6.0/jinstall-6-windows-i586.cab#Version=1,4,0,0" height="440" width="565"><param name="code" value="RetirementPlan" /><param name="archive" value="dinkytown.jar" /> <P style="font-size:1px; color: #ffffff" line-height: 1px><![endif]--><![if !IE]><P style="font-size:1px; color: #ffffff" line-height: 1px><![endif]></P><![if !IE]><APPLET name="calculator" code="RetirementPlan.class" align="baseline" WIDTH="565" HEIGHT="440" archive="dinkytown.jar"><![endif]> <PARAM name="SHOW_TAX" value="FALSE"> <PARAM name="MSG_REPORT_COL5" value="<B><CENTER>Social Security<BR> & Pension <BR>Income</CENTER></B>"> <PARAM name="OTHER_PENSION_START1" value="0"> <PARAM name="OTHER_PENSION_INFLATION1" value="FALSE"> <PARAM name="OTHER_PENSION_AMOUNT1" value="0"> <PARAM name="MSG_OTHER_PENSION_AMOUNT1" value="Company pension monthly income"> <PARAM name="OTHER_PENSION_START2" value="0"> <PARAM name="OTHER_PENSION_INFLATION2" value="FALSE"> <PARAM name="OTHER_PENSION_AMOUNT2" value="0"> <PARAM name="MSG_OTHER_PENSION_AMOUNT2" value="Spouse pension monthly income"> <PARAM name="CURRENT_TAX" value="0"> <PARAM name="RETIREMENT_TAX" value="0"> <PARAM name="CURRENT_AGE" value="45"> <PARAM name="HOUSEHOLD_INCOME" value="50000"> <PARAM name="PRE_RATE_OF_RETURN" value="8"> <PARAM name="AGE_OF_RETIREMENT" value="65"> <PARAM name="POST_RATE_OF_RETURN" value="6"> <PARAM name="SALARY_PERCENT" value="3"> <PARAM name="YEARS_OF_RETIREMENT" value="35"> <PARAM name="INCOME_PERCENT" value="90"> <PARAM name="CURRENT_SAVINGS" value="100000"> <PARAM name="INFLATION_RATE" value="3.1"> <PARAM name="INCLUDE_SOCIAL_SECURITY" value="false"> <PARAM name="MARRIED" value="false"> <PARAM name="SAVINGS_PERCENT" value="8"> <!--CUSTOM PARAMETERS--> <PARAM name="TEXT_FOR_REPORT" value="<HTML> <HEAD> <TITLE>Retirement Pension Planner</TITLE> <META HTTP-EQUIV='Content-Type' CONTENT='text/html; charset=iso8859-1'> <META NAME='description' CONTENT='Financial Calculators, &QCPQ;1998-2010 KJE Computer Solutions, LLC. For more information please see http://www.dinkytown.net'> <STYLE> <!-- BODY, TABLE, TD, TH, UL, OL, DD, DL, P, BR { font-family: helvetica, arial, sans-serif; font-size: 10pt; } H1 { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } DT { font-family: helvetica, arial, sans-serif; font-size: 10pt; font-weight: bold; } P.footer { font-family: helvetica, arial, sans-serif; font-size: 9pt; } DIV.large { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } --> </STYLE> </HEAD> <BODY bgcolor='#FFFFFF' LINK='#003399' VLINK='#666666' BGCOLOR='#FFFFFF'> <CENTER><table border=0 bgcolor='#000000' width=468 cellspacing=1 cellpadding=0><tr><td width='100%'><table bgcolor='#FFFFDD' border=0 width=468 cellspacing=1 cellpadding=5><tr><td width='100%' align=center valign=middle><DIV class=large>Retirement Pension Planner</DIV></td></tr></table></TD></TR></TABLE></CENTER> <H1>RESULTS_MSG</H1><P>END_OF_RETIREMENT_MESSAGE This is based on retirement expenditures of INCOME_REQUIRED_AT_RETIRE per year. This amount is INCOME_PERCENT of your last years income of INCOME_AT_RETIRE. SOCIAL_SECURITY_MSG <P>**GRAPH** <ADJUST_ADVICE> To meet your goal, you may wish to do one of the following: <UL> <LI>Increase contributions to ADJUST_SAVINGS_RATE of your income. <LI>Increase your rate of return before retirement to ADJUST_ROR. <LI>Reduce your required income at retirement to ADJUST_INCOME_REQUIRED of your final year's income. <LI>Delay your retirement until age ADJUST_YEARS. </UL> </ADJUST_ADVICE> <P> <CENTER><table border=0 bgcolor='#000000' width=95% cellspacing=1 cellpadding=0><tr><td width='100%'><table bgcolor='#FFFFFF' border=0 width=100% cellspacing=1 cellpadding=5> <TR BGCOLOR='CCCCCC'><TD COLSPAN=4><CENTER><B>Results Summary</B></CENTER></TD></TR> <TR><TD><b>Current age</b></TD><TD>CURRENT_AGE</TD> <TD><b>Age of retirement</b></TD><TD>AGE_OF_RETIREMENT</TD></TR> <TR><TD><b>Household income</b></TD><TD>HOUSEHOLD_INCOME</TD> <TD><b>Current retirement savings</b></TD><TD>CURRENT_SAVINGS</TD></TR> <TR><TD><b>Rate of return before retirement</b></TD><TD>PRE_RATE_OF_RETURN</TD> <TD><b>Rate of return during retirement</b></TD><TD>POST_RATE_OF_RETURN</TD></TR> <TR><TD valign=top><b>Percent of income to contribute</b></TD><TD valign=top>SAVINGS_PERCENT<BR>(ANNUAL_SAVINGS annually which INCREASE_ANNUAL_SAVINGS increase as your salary increases)</TD> <TD><b>Percent of income at retirement</b></TD><TD>INCOME_PERCENT</TD></TR> <TR><TD><b>Years of retirement income</b></TD><TD>YEARS_OF_RETIREMENT</TD> <TD valign=top><b>Your pension income</b></TD><TD>OTHER_PENSION_AMOUNT1 per month starting at age OTHER_PENSION_START1</TD></TR> <TR><TD><b>Expected salary increase</b></TD><TD>SALARY_PERCENT</TD> <TD valign=top><b>Spouse's pension income</b></TD><TD>OTHER_PENSION_AMOUNT2 per month starting at age OTHER_PENSION_START2</TD></TR> <TR><TD valign=top><b>Expected inflation rate</b></TD><TD valign=top>INFLATION_RATE</TD> <TD><b>&NBSP;</b></TD><TD>&NBSP;</TD></TR> <TR><TD COLSPAN=2><b>Are you married? MARRIED</b></TD> <TD COLSPAN=2><b>Include Social Security? INCLUDE_SOCIAL_SECURITY</b></TD></TR> <TR><TD><b>Years until retirement</b></TD><TD>YEARS_UNTIL_RETIREMENT</TD> <TD><b>Your last year's income</b></TD><TD>INCOME_AT_RETIRE</TD></TR> <TR><TD><b>Retirement expenditures</b></TD><TD>INCOME_REQUIRED_AT_RETIRE</TD> <TD><b>&NBSP;</b></TD><TD>&NBSP;</TD></TR> </TR> <TR><TD COLSPAN=4><CENTER><b>Your ending balance is ENDING_BALANCE</B></CENTER></TD></TR> </TABLE></TD></TR></TABLE> </CENTER> <P><DIV class=large>Balances by year</DIV> <HR SIZE=1> **REPEATING GROUP** <BR> <HR SIZE=1> <CENTER><P class=footer> 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 cannot 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. </P></CENTER><br><br> </BODY> </HTML> "> <H1><CENTER>This Financial Calculator requires SUN's Java"! Plug-in. If you see this message you will need to download SUN's Java"! Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing  Install ActiveX Control . </CENTER></H1> <OL> You can also get SUN's Java"! Plug-in here: <A href="http://www.java.com/en/download/download_the_latest.jsp" target=_blank><b>Get the Java"! Plug-in!</b></A> <P>For more information about this Plug-in please visit: <A href="http://www.dinkytown.net/money/sunjvm.html" target=_blank><b>SUN's Java"! Plug-in</b></A> <BR>For more information these financial calculators please visit: <A href="http://www.dinkytown.net" target=_blank><b>Financial Calculators from KJE Computer Solutions, LLC</b></A> </OL><!--[if IE]></OBJECT><![endif]--><![if !IE]></APPLET><![endif]>&nbsp;<!--[if IE]></OBJECT><![endif]--><![if !IE]></APPLET><![endif]> </CENTER><CENTER><SCRIPT>document.write(showbuttons())</SCRIPT> </CENTER> <H1>Definitions</H1><P><TABLE align='center' WIDTH="95%"><TR><TD><DL><!--DEFN_START--> <DT><B>Current age</B><DD>Your current age.<P> <DT><B>Age of retirement</B><DD>Age you wish to retire. This calculator assumes that the year you retire, you do not make any contributions to your retirement savings. So if you retire at age 65, your last contribution happened when you were actually 64. This calculator also assumes that you make your entire contribution at the end of each year.<P> <DT><B>Household income</B><DD>Your total household income. If you are married, this should include your spouse's income.<P> <DT><B>Current retirement savings</B><DD>Total amount that you currently have saved toward your retirement. Include all sources of retirement savings such as 401(k)s, IRAs and Annuities.<P> <DT><B>Rate of return before retirement</B><DD>This is the annual rate of return you expect from your investments before taxes. The actual rate of return is largely dependent on the type of investments you select. For example, from December 1999 to December 2009, the average annual compounded rate of return for the S&P 500 was -0.6%, including reinvestment of dividends. From January 1970 to December 2009, the average annual compounded rate of return for the S&P 500, including reinvestment of dividends, was approximately 10.1% (source: www.standardandpoors.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a bank may pay as little as 1% or less but carry significantly lower risk of loss of principal balances.<P>It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that funds and/or investment companies may charge.<P> <DT><B>Rate of return during retirement</B><DD>This is the annual rate of return you expect from your investments during retirement. It is often lower than the return earned before retirement due to more conservative investment choices to help insure a steady flow of income. The actual rate of return is largely dependent on the type of investments you select. For example, from December 1999 to December 2009, the average annual compounded rate of return for the S&P 500 was -0.6%, including reinvestment of dividends. From January 1970 to December 2009, the average annual compounded rate of return for the S&P 500, including reinvestment of dividends, was approximately 10.1% (source: www.standardandpoors.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a bank may pay as little as 1% or less but carry significantly lower risk of loss of principal balances.<P>It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that funds and/or investment companies may charge. <P> <DT><B>Percent of income to contribute</B><DD>The percentage of your annual income you will save for your retirement goals.<P> <DT><B>Expected salary increase</B><DD>Annual percent increase you expect in your household income.<P> <DT><B>Years of retirement income</B><DD>Total number of years you expect to use your retirement income.<P> <DT><B>Percent of income at retirement</B><DD>The percent of your working year's household income you think you will need to have in retirement. This amount is based on your income earned during the last year you will work. You can change this amount to be as low as 50% and as high as 150%.<P> <DT><B>Company pension income</B><DD>This is the monthly pension benefit you expect to receive when you retire. This amount is not adjusted for inflation.<P> <DT><B>Spouse pension income</B><DD>This is the monthly pension benefit your spouse expects to receive at retirement. This amount is not adjusted for inflation.<P> <DT><B>Expected rate of inflation</B><DD>What you expect for the average long-term inflation rate. A common measure of inflation in the U.S. is the Consumer Price Index (CPI), which has a long-term average of 3.1% annually, from 1925 through 2009. The CPI for 2009 was -1.0%, as reported by the Minneapolis Federal Reserve. <P> <DT><B>If you are married checkbox</B><DD>Check this box if you are married. Married couples have a higher maximum social security benefit than single wage earners.<P> <DT><B>To include Social Security checkbox</B><DD>Check this box if you wish to include social security benefits in your retirement planning. Social Security is based on a sliding scale depending on your income, how long you work and at what age you retire. Social Security benefits automatically increases each year based on increases in the Consumer Price Index. Including a spouse increases your Social Security benefits by 1.5 times your individual estimated benefit. Please note that this calculator assumes that you have only one working spouse. Benefits could be different if your spouse worked and earned a benefit higher than one half of your benefit. If you are a married couple, and both spouses work, you may need to run the calculation twice - once for each spouse and their respective income. This calculator provides only an estimate of your benefits. <P>The calculations use the 2010 FICA income limit of $106,800 with an annual maximum Social Security benefit of $27,876 per year for a single person and 1.5 times this amount for a married couple. To receive the maximum benefit would require earning the maximum FICA salary for nearly your entire career. You would also need to begin receiving benefits at your full retirement age of 66 or 67 (depending on your birthdate). Your actual benefit may be lower or higher depending on your work history and the complete compensation rules used by Social Security.<P> <!--DEFN_END--></DL></TD></TR></TABLE> <BR> <HR SIZE=1> <CENTER> <P class=footer> 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 cannot 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. </P></CENTER> <BR> </BODY> </HTML>