By how much the contribution accelerator can increase your final balance? Contribution accelerator allows you to make additional and variable contributions as a replacement for fixed monthly or annual contributions. Therefore, you are able to boost your contributions and maximize your post-retirement earnings. Use this specialized calculator to straightforwardly find out the difference in your income level.
Before deductions are made, this the amounts of your gross pay for this pay period.
This field indicates how often you are paid by your work. You can choose from weekly, monthly, bi-weekly, annually, and semi-annually pay period.
Current account balance
Balance already available in the account.
Annual rate of return
Rate of return you are supposed to earn annually from the retirement savings account. This rate is compounded annually.
Your current age.
Age of retirement
Your planned age of retirement.
Expected annual salary increase
Percentage rate by which your annual salary is expected to be appreciated.
Current contribution rate
Portion of the gross income you are currently contributing to the tax-deferred retirement savings accounts.
Contribution Accelerator percentage
The rate which will be used to accelerate your yearly contribution. This will continue till you reach the maximum allowed contribution limit.
Contribution Accelerator percentage stops
The maximum amount of contribution acceleration allowed by this retirement plan. The contribution accelerator will stop working when this limit is reached.