Retirement Planning
Current Balance
$125,000.00
On Track
Retirement Goal
$1,500,000.00
8% of goal
Retirement Projection
Projected Balance at Retirement
$1,800,000.00
Projected Monthly Income
$6,000.00
Years to Retirement
30
Retirement Accounts
| Account Type | Balance | Allocation |
|---|---|---|
| 401(k) | $85,000.00 | 68% |
Contribution Breakdown
Retirement Strategy
Current Strategy
- Retirement Age: 65
- Current Age: 35
- Monthly Contribution: $1,000
- Employer Match: $500 (50% up to 6% of salary)
- Investment Strategy: Moderate Growth
- Expected Annual Return: 7%
Recommendations
- Increase Contribution: Consider increasing your monthly contribution to $1,200 to reach your goal faster.
- Maximize Employer Match: You're currently maximizing your employer match. Continue this strategy.
- Diversification: Your portfolio is well-diversified. Consider rebalancing annually.
- Catch-Up Contributions: When you reach 50, take advantage of catch-up contributions.
Retirement Resources
Need Help Planning Your Retirement?
Our financial advisors can guide you through retirement planning and help you create a personalized strategy.