Retirement Calculator - First Federal Credit Union

Inflation Rate What you expect for the typical long-term inflation rate. A common measure of inflation in the U.S. is the Customer Rate Index (CPI) which has a long-term typical modification of 2. 5 percent each year, from 2000 to 2010. The long term inflation rate utilized by the Civil Service Retirement Fund Board of Actuaries is 3.

The Federal Ballpark E$ timate uses 3. 0% as a default rate, however will enable you to pick any rate in between 0% and 15. You ought to select presumptions-- or variety of assumptions-- that are best for you based on your particular situations. More Discussion Posted Here need to choose presumptions-- or series of assumptions-- that are right for you based upon your particular circumstances.

Life span information is based on group means, not on private expectations. An accident or disease might considerably reduce a person's life as compared to the group mean. On the other hand, a healthy lifestyle, great luck, and hereditary aspects may suggest that an individual lives well beyond the group suggest death age.

For additional information on current actuarial quotes of life span, visit the CDC website. Non-TSP Savings Any individual cost savings you have outside of the Thrift Savings Plan are non-TSP savings. Get in the present balance of your non-TSP cost savings. The non-TSP cost savings amount that you go into may consist of cost savings from different sources such as your savings account(s), non-TSP shared funds, and non-TSP retirement funds (economic sector 401-Ks, Person Retirement Accounts, and so on).

The summary result will show in current dollars and future (inflated) dollars. Also, if you know of any additional non-TSP money you may be conserving annually, enter this quantity in the Additional Yearly Cost savings box. Post-Retirement Income Any income you make at a task after retirement must be counted in this classification.

Senior citizens are significantly energetic, healthy, and active. They can look forward to years of life beyond retirement. Many senior citizens now use post-retirement work as a way to remain psychologically active and keep connected to their communities, not just as a source of extra earnings. Rate of Return The TSP C-Fund which approximates the S&P 500, has had a typical annual 9.