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Hammock Wealth Management                                                            Independence       Innovation       Integrity

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237 C Willbrook Blvd
Pawleys Island, SC 29585
  • Phone:
    (843) 235-1195
  • Fax:
    (843) 235-1190
  • E-mail address: ellis.otuel@lpl.com
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Hammock Wealth Management                                                            Independence       Innovation       Integrity

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Printed from: www.hammockwm.com
  • Hammock Wealth Management
  • 237 C Willbrook Blvd, Pawleys Island, SC 29585
  • (843) 235-1195 | ellis.otuel@lpl.com

How Much Will Your Retirement Cost?

Estimating how much income you will need in retirement — and determining whether your current program of savings and investments can provide that income — is a good start to developing a retirement plan. This calculator is designed to help you estimate how much income you may need in retirement and the savings necessary to produce that income.

 
 
 

Your Results

Examine these results carefully. As you can see, there is a lot of information to consider and the numbers may look large.

The annual income that you will need in your first year of retirement: $0.00
When you begin retirement, you will need to have the following amount saved: $0.00
Assuming no additional contributions, your current savings will grow to: $0.00
Without additional savings, you will have a shortfall of: $0.00
You will need to save the following percentage of your salary each year: 0%
In the first year, this works out to: $0.00

The Cost of Procrastination

How much do you need to save each year to provide your desired retirement income? This graph shows the amount you would have to save each year to work toward your goal, at the rate of return you entered, if you started saving today, and if you wait five years to start saving. As you can see, waiting just a few years can have a substantial impact on the amount you need to save.

The amount accumulated if you started saving today is $0.00. The amount accumulated if you save the same annual amount at the same annual return, but wait five years to start is $0.00.

 

The information provided is not specific investment advice, a guarantee of performance, or a recommendation. Rates of return will vary over time, particularly for long–term investments. Investments offering the potential for higher rates of return also involve a higher degree of risk.

This hypothetical example is used for illustrative purposes only. Actual results will vary.

The information in this calculator is not intended as tax or legal advice, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek tax or legal advice from an independent professional advisor. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.

This material was written and prepared by Emerald Connect, LLC.
© 2019 Emerald Connect, LLC. All Rights Reserved.

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Contact Us

237 C Willbrook Blvd
Pawleys Island, SC 29585
  • Phone:
    (843) 235-1195
  • Fax:
    (843) 235-1190
  • E-mail address: ellis.otuel@lpl.com
LinkedIn

HP Bryan may discuss and/or transact securities business only with residents of the following states: SC, KY.  Ellis O'Tuel may discuss and/or transact securities business only with residents of the following states: SC, NC, GA, VA, MD, LA, NY, PA, OH & TX.

Securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. 

Member of Securities Investor Protection Corporation (SIPC). For an explanatory brochure, please visit www.sipc.org.

 

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