What data and assumptions does it use?

Standard time-value-of-money formulas (public domain). Default return and inflation assumptions are shown on-screen with every result and are tenant-configurable within guardrails.

Retirement calculator

Retirement Confidence Score

Your Confidence Score compares the retirement nest egg you are on track to accumulate against the amount you would need to cover the gap between your desired income and your expected guaranteed income (Social Security, pension) through life expectancy. Everything is expressed in today's dollars.

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Confident

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The method

How it works

01 We grow your current savings and ongoing contributions to your retirement age using a future-value calculation, at the average annual return you choose (default 6%).

02 We translate the income you want (above what Social Security and pensions provide) into the lump sum needed to fund it through the age you choose to plan to, using a present-value calculation with an inflation-adjusted (real) return during retirement.

03 The score is the ratio of what you are on track to have versus what you need (the same whether measured at retirement in future dollars or in today's dollars), capped at 100, and grouped into a confidence band. Because of inflation, the future-dollar need is larger than the today's-dollar need — both are shown.

Future value: FV = P(1+i)^n + C·[((1+i)^n − 1)/i]. Required nest egg: present value of an annuity, PV = PMT·[1 − (1+r)^−n]/r, using a real return r = (1+nominal)/(1+inflation) − 1.

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