Abstract:
A retirement savings calculator for computing a deferral percentage needed to replace income at retirement age. One embodiment includes a sleeve having an open end and a plurality of windows. An insert is slidably inserted into the open end of the sleeve. The retirement savings calculator calculates a savings ratio based on savings and income. A deferral percentage is calculated based on the savings ratio, current age, and replacement income percentage. In another embodiment, the deferral percentage is calculated in software. The retirement savings calculator can be used to promote savings in a retirement plan.