Drummond Financial Solutions

(330) 877-2923

Retirement Planning

$0 $1,000,000
$0 $1,000,000
0% 100%

Results

This scenario may help you understand how much you'll need to save for retirement based on your inputs.

Average
$993,265
80% Rule
Without Social Security: $1,229,796
With Social Security: $737,878
10x Salary Rule
Without Social Security: $1,000,000
With Social Security: $600,000
25x Expenses
Without Social Security: $750,000
With Social Security: $450,000

Retirement Savings Comparison

 

Related Content

Rightsizing for Retirement

Rightsizing for Retirement

What does your home really cost?

Systematic Withdrawals in Retirement

Systematic Withdrawals in Retirement

Taking regular, periodic withdrawals during retirement can be quite problematic.

What to Look for in Personal Finance Apps

What to Look for in Personal Finance Apps

An increasing number have been developed to help individuals with their personal finances.

 

Have A Question About This Topic?


Thank you! Oops!

Important Birthdays Over 50

Here's a look at several birthdays and “half-birthdays” that have implications regarding your retirement income.

The Five Basics of Financial Literacy

How literate are you when it comes to your finances? Brush up with these five basics.

Systematic Withdrawals in Retirement

Taking regular, periodic withdrawals during retirement can be quite problematic.

View all articles

Social Security Tax Estimator

Estimate how much of your Social Security benefit may be subject to federal income tax.

Should I Buy or Lease an Auto?

Compare the true costs of buying versus leasing a vehicle to find the better fit for you.

Emergency Fund Calculator

Find out how large your emergency fund should be based on your monthly expenses.

View all calculators

4 Elements of an Estate Strategy

Learn about the importance of having an estate strategy in this helpful and informative video.

The Cost of Procrastination

Procrastination can be costly. When you get a late start, it may be difficult to make up for lost time.

Dog Bites and Homeowners Insurance

Reviewing coverage options is just one thing responsible pet parents can do to help look out for their dogs.

View all videos