LTS logo
Labor Trust Services, Inc.
Employee Benefits Administration since 1967
LTS, Inc. is a subsidiary of WPAS, Inc.
Retirement Calculator

Education

Retirement Calculator

Check How Well You're Preparing for Retirement

The retirement calculator will assist you in estimating how well your current pension and personal savings are preparing you for retirement.

While it may be difficult to estimate exactly how much retirement life will cost, the retirement calculator will highlight certain important expenses that you may not have considered when thinking about retirement.

If you prefer, you can print or save the retirement calculator worksheet pdf logo.

Enter Your Current Monthly Expenses

$
$
$
$
$
$
$
$
$
$
$
$ (Total Monthly Expenses x 12)
$ (Total Yearly Expenses x .80)*


* 80% of your current expenses are used as an estimate of reduced expenses after retirement. For example, your house might be paid off. Please note that this amount is in today's dollars, so you'll need to adjust this amount upward each year for inflation.

Enter Estimates of your Monthly Retirement Income (and your spouses, if applicable)

$
$
$
$
$
$
$ (Total Monthly Income x 12)

Will you have what you need?

$
$
$ **

** A positive number means you will have enough income to meet your retirement needs. A negative number means you have a shortfall. You may need to save more through 401(k) Plan contributions, stock and bond investments or personal savings -- whatever strategy works best for you.